Volkswagen, Toyota will begin reopening European car plants next week [CNN]
Toyota Motor Corporation (TM)
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Source: CNN
Volkswagen and Toyota will begin reopening European car plants next week Volkswagen ( VLKAF ) said in a statement Wednesday that production of its passenger car brands will resume at plants in Zwickau, Germany and Bratislava, Slovakia starting the week of April 20, after a month-long shutdown. Other plants in Germany, Portugal, Spain, Russia and the United States will restart production the following week, with South Africa, Argentina, Brazil and Mexico expected to follow in May, the company said. "With the decisions by the federal and state governments in Germany and the loosening of restrictions in other European states, conditions have been established for the gradual resumption of production," Ralf Brandstätter, chief operating officer of the Volkswagen brand, said in a statement. Toyota ( TM ) said production at plants in France and Poland that closed in the middle of March would resume on April 22, but at significantly reduced volumes. In France, the automaker will run a
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