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A Volkswagen logo is seen during the press day at the Los Angeles Auto Show in Los Angeles, California, U.S. November 17, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsFRANKFURT, Sept 28 (Reuters) - Volkswagen (VOWG_p.DE) on Thursday said that a major IT outage, which had caused most of its German plants to halt production, was resolved overnight and its global production network was up and running again. "The IT infrastructure problems in the Volkswagen network were resolved during the course of the night and the network is stable again," Volkswagen said, without providing details on the impact or cause of the incident. The global production network is up and running, and production is expected to proceed as planned," it said, adding individual systems may still be affected during a transitional phase. "We need safety systems here that work," Wissing told broadcaster RTL/n-tv.
Persons: Mike Blake, Volker Wissing, Wissing, Christoph Steitz, Miranda Murray, Kim Coghill, Elaine Hardcastle Organizations: Los Angeles Auto, REUTERS, Rights, VW, Volkswagen, Porsche AG, Audi, Toyota, RTL, Thomson Locations: Los Angeles , California, U.S, Wolfsburg, Emden, Osnabrueck, Hanover, Dresden, Zwickau, Braunschweig, Kassel, Chemnitz, Salzgitter
Volkswagen shares recover after EV production cut reports
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +1 min
June 28 (Reuters) - Shares in Volkswagen (VOWG_p.DE) inched higher on Wednesday, recovering slightly from a selloff the day before when the automaker played down reports it will cut EV output in Germany over the next two weeks because of lower than expected demand. Volkswagen "expects the trend in BEV (battery electric vehicle) orders, which already improved in May, to gradually stabilise in the coming months," spokesperson Christopher Hauss told Reuters. Following reports by news agency dpa-AFX of a production cut, Volkswagen shares fell 2% on Tuesday. However, some analysts said the reported production cut indicates the European EV market is not growing fast enough to support all the new EV models and planned extra capacity. "Our EV forecasts for Ford (F.N) and GM (GM.N) are a fraction of management targets by mid-decade", analysts at the investment bank say.
Persons: Christopher Hauss, Hauss, Volkswagen's, Daniel Schwarz, Morgan Stanley, Paolo Laudani, Barbara Lewis Organizations: Volkswagen, Reuters, EV, VW, Ford, GM, Thomson Locations: Germany, Emden
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