Tuesday, October 22, 2019

Audi in the News

If you follow business news in Germany, there's a pretty big item there today with downsizing of production with Audi (the car maker).

They admit that sales for 2019, lagged around 3.6-percent less than 2018.

So the talk today via N-TV's business items.....both the Neckarsulm and Ingostadt plants for Audi....will curtail the night shift.

Lesser cars produced, and capacity will shrink.  Short-term?  Well....it appears that  it's geared toward a long-term situation (aiming for 15 billion Euro to be saved within the next three to four years).

Another sign of the recession?  Yes, but in this case....they aren't talking about a one-year impact feeling....but an even longer plan in the works.

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