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    Only 23% of Nigerians trust INEC- Report says

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    US deficit grows to US$291 billion in July – Reports

    US deficit grows to US$291 billion in July – Reports

    Onitsha River Port receives first container barge for 2025 season

    Onitsha River Port receives first container barge for 2025 season

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    President Buhari commissions the new US$100m Ultra-modern MMIA Terminal

    Festus Keyamo – Our Plans for the Murtala Mohammed International Airport Lagos

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    Conoil Plc reports 88.8% drop in profit to N900 million in H1 2025

    Brent crude oil price rise above $70 on OPEC projections

    OPEC+ agrees to increase oil production for September

    Nigeria to concession Enugu, Port Harcourt and three other airports

    Federal Government approves 30-year concession for Enugu Airport

    Only 23% of Nigerians trust INEC- Report says

    Nationwide Voter registration begins August 18 – INEC

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    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

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    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

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Volkswagen car factory in Slovakia halts productions

Tuesday, 22 March 2022, 7:20 pm
in Business, Companies, News, World
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Volkswagen car factory in Slovakia halts productions
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One of the biggest vehicle manufacturing plants in Europe, Volkswagen Bratislava has suspended production. The halt in production is due to a combination of the ongoing crisis in Semi-conductor supplies and the Ukrainian war.

Slovakian media reported on Tuesday that production across all areas was stopped on Monday, and that the stoppage will last for two days.

Read also; Zelensky combines all Ukraine’s national TV channels into 1, bans opposition parties

The reasons for the stoppages are the long-term lack of semiconductor components and a “partial supply outage of some parts from Ukraine”, Slovakian press agency TASR quoted company spokeswoman Lucia Kovarovič Makayová as saying.

The semiconductor components shortage was caused by the coronavirus pandemic, and its had forced Volkswagen to discontinue production several times last year.

The current crises in Ukraine has also hindered the delivery of some parts to the Slovak plant, according to German outlet finanzen.net.

The Volkswagen Bratislava factory and two smaller locations in Slovakia employ roughly 12,000 people and are currently building the VW Touareg, the Porsche Cayenne, the AUDI Q7 and Q8, as well as the VW Up, Seat Mii and Skoda Citigo.

Last week, BMW and Volkswagen halted manufacturing at some of their plants in Europe due to interruptions in the supply of low-cost parts from Ukraine.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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