Volkswagen Burning Through $2.2 Billion a Week as CCP Virus Halts Production: CEO

Volkswagen Burning Through $2.2 Billion a Week as CCP Virus Halts Production: CEO
A Volkswagen logo appears on the wheel of a VW Passat GTE Variant on display in Berlin on May 14, 2019. John Macdougall/AFP/Getty Images
Reuters
Updated:

Volkswagen may have to cut jobs if the CCP virus pandemic is not brought under control as the carmaker is still spending about 2 billion euros ($2.2 billion) a week, Chief Executive Herbert Diess told German TV channel ZDF.

The Epoch Times refers to the novel coronavirus, which causes the disease COVID-19, as the CCP virus because the Chinese Communist Party’s coverup and mismanagement allowed the virus to spread throughout China and create a global pandemic.