Extended Christmas shutdown for Volkswagen
Carmaker Volkswagen is extending the break for workers in four of its German production plants, in response to expectations of slowing production following the emissions scandal this summer.
Although it normally closes between Christmas and New Year, the 25 day closure is unheard of.
However, other carmakers are reporting healthy sales, says the author of our market intelligence from a German perspective this week.
He warned that sellers all over the world are trying to move prices for standard hides up.
“After the second half October and November when suppliers were able to move product that was weighing on their shoulders - at sometimes very cheap prices - suppliers are feeling comfortable enough to try to push prices a little higher, to squeeze the buyers that might have missed the boat first time around,” he said.
