VW could cut production, new models to weather downturn

Filed under: Plants/Manufacturing, Volkswagen

Anyone paying attention to the world economy shouldn't be surprised to hear that Volkswagen is the latest company to feel some financial discomfort. Automotive News cites Automobilwoche, which says about 2,000 VW managers will meet Thursday in Dresden with CEO Martin Winterkorn to discuss the company's future plans.

A source tells the German magazine that several things are on the agenda. Production cuts are almost a given and plans for future models are not safe. Automobilwoche specifically mentions the plant currently being built in Chattanooga as one that will be under review.

Hopefully this is not the end of the on again/off again U.S.-bound Scirocco or the Mk VI GTI we were looking forward to. But don't get your hopes up for that mid-engined roadster debuting in Detroit.

[Source: Automotive News - Sub. Req. via Automobilwoche]

VW could cut production, new models to weather downturn originally appeared on Autoblog on Thu, 18 Dec 2008 08:01:00 EST. Please see our terms for use of feeds.

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