VW to Close Part of Its Plant in Shanghai Amid Covid Lockdowns

(Bloomberg) — Volkswagen AG will close part of its factory in Shanghai because of the difficulty in procuring parts during the city’s lockdown, though it is also looking at ways to keep production running while the pandemic restrictions are in place.

The plant, operated in a joint venture with China’s SAIC Motor Corp., will partially shut down production Thursday, a VW spokesperson said, without providing further details including when it may be able to resume or what parts and models are specifically impacted. The company will provide information on a daily basis, the spokesperson said.