VW China Ventures To Cut 15 Days' Production

Shanghai, December 10. 2008: (Gasgoo.com) Volkswagen's joint ventures in China are planning to cut more than 15 working days of production from mid-December until the beginning of January, a report from Sohu.com said today.

Citing an informant, the report said Shanghai Volkswagen Automotive Co, a joint venture between Shanghai Automotive Industry Corp (SAIC) and Volkswagen AG, has decided to make the provisional halt, which will lead to production decrease by some 20,000 units during that period.

VW's second venture, the FAW-Volkswagen Automobile Co, is also mulling a similar plan to reduce inventories, though no detail has been unveiled.

Shanghai VW may now become the first Chinese automaker to seriously consider a shut-down plan, the report said, though Changan Ford Mazda and Peugeot were earlier reported to have lowered their sales targets.

VW has already sold 931,000 cars in China through to the beginning of December this year, but that is just 75 percent of its full year target.

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