Stock Groups

Lacking wire harnesses from Ukraine, Volkswagen delays ID.5 launch -Breaking

[ad_1]

2/2
© Reuters. FILE PHOTO – An electric Volkswagen ID.5 vehicle is seen in Zwickau (Germany), January 27, 2022. REUTERS/Matthias Rietschel

2/2

BERLIN, (Reuters) – Volkswagen (DE.) will delay its ID.5 electric vehicle launch by one month. This is due to delays in Ukraine’s wire harness supply.

According to Automobilwoche’s first report, the shortage meant the carmaker couldn’t produce sufficient demonstration and exhibition vehicles to meet the needs of all its partners.

Automobilwoche’s letter stated that “To ensure equal treatment for all partners, vehicles which are in the destination stations have not been delivered yet.”

We will redistribute a portion of the exhibit vehicles to make sure that the vehicle is available nationwide for all agents.

Volkswagen Zwickau’s plant is currently producing ID.5; production was temporarily stopped due to shortages from the War in Ukraine, but will resume next week.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]