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    Stock Market News: Volatility Up 14% As Markets Fall

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VW’s Lamborghini shuts Italian factory amid coronavirus outbreak

Trade News by Trade News
March 12, 2020
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VW’s Lamborghini shuts Italian factory amid coronavirus outbreak
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Italian supercar maker Lamborghini is halting production for nearly two weeks as parent Volkswagen Group looks to limit the impact on its operations from the coronavirus crisis that has spread across the globe.

Lamborghini will temporarily close its plant in Italy, which has been hit hard by the viral outbreak, until March 25, the company said Thursday in an emailed statement. All of the brand’s cars are manufactured at its headquarters plant on the outskirts of the northern Italian city of Bologna.

“This measure is an act of social responsibility and high sensibility toward our people, in the extraordinary situation in which we find ourselves right now,” Lamborghini CEO Stefano Domenicali said in the statement. “We continue to monitor the situation in order to react rapidly and with the right flexibility, in collaboration with our people and in order to restart with energy in the right moment.”

Italian Prime Minister Giuseppe Conte on Wednesday ordered all shops in the…



Source Autonews.com

Tags: coronavirusfactoryItalianLamborghinioutbreakshutsVWs
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