Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Volkswagen expect to gradually resume operations next month in Mexico, Brazil, and Argentina, according to a company statement.

 

Meanwhile its other plants in Germany, Portugal, Spain, Russia, and the US are to slated to restart production next week.

 

Besides developing a comprehensive measures to protect employees, Volkswagen has also forged ahead with the reestablishment of its supply chains, said Ralf Brandstätter, Volkswagen’s chief operating officer.

 

DATA

 

Auto sales in Brazil dropped by 18.4pc to 249,158 units in March compared to the same month in 2019, according to figures released by the National Federation of Motor Vehicle Distribution.

 

Mexico’s car sales decreased by 25.5pc to 87,517 units in March on lower demand caused by the COVID-19 pandemic, according data from Mexico’s automotive association.

 

Car production in Argentina decreased by 34.4pc to 19,164 cars in March from a year earlier, according to figures from the Argentine Association of Automotive Makers.

 

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