Trade Now

Capital at risk Advertisement
Share Name Share Symbol Market Type
Volkswagen AG XE:VOW XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.40 -3.26% 190.20 190.20 190.95 199.20 189.60 197.20 41,272 16:45:00

Skoda Moved Production Capacity Outside Ukraine to Secure Supply

01/06/2022 1:19pm

Dow Jones News


Volkswagen (XE:VOW)
Historical Stock Chart


From Mar 2022 to Sep 2022

Click Here for more Volkswagen Charts.

By Pierre Bertrand

 

Skoda Auto AS said Wednesday that it has secured its access to cable harnesses--a key part of electrical systems--by moving part of its production away from Ukraine, in a bid to protect itself from supply-chain shocks.

The Volkswagen-owned car brand said it partially relocated production of cable harnesses from Ukraine, to Mlada Boleslav, Czech Republic, where it is headquartered.

Working with suppliers, it has also secured additional production capabilities in Morocco and Romania, the company said.

The move has more than doubled production capacity for the components and further safeguards against supply disruptions and bottlenecks, the company said.

The supply-chain crunch caused by the war in Ukraine forced Skoda to suspend production of its Enyaq iV electric vehicle for eight weeks due to a shortage of cable harnesses, it said.

 

Write to Pierre Bertrand at pierre.bertrand@wsj.com

 

(END) Dow Jones Newswires

June 01, 2022 08:04 ET (12:04 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Volkswagen Chart

1 Year Volkswagen Chart

1 Month Volkswagen Chart

1 Month Volkswagen Chart
ADVFN Advertorial
Your Recent History
XE
VOW
Volkswagen
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220925 10:21:45