PSA Draws Up A Plan For Resumption Of Production

2023 Author: Eric Donovan | [email protected]. Last modified: 2023-11-27 05:39

The PSA Group is working on a schedule to restart production. An exact date has not yet been set.

The health of the employees is in the foreground in all planning. The group closed 15 car plants across Europe in the middle of the month. In Germany, the Rüsselsheim and Eisenach locations were affected. Plants in Spain, France, Portugal, Great Britain and Slovakia also shut down.

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“We will not make any compromises with regard to the health of our employees (…)”, announced CEO Carlos Tavares in Rueil-Malmaison near Paris. "I have full confidence in the ability of the employees of Groupe PSA to make their contribution to overcoming this crisis", said the PSA boss. The French manufacturer is currently preparing for its merger with the Italian-American car giant Fiat Chrysler. Opel has been part of PSA for a good two and a half years.

New schedule is created

Originally, the production stop was supposed to last until March 27th. Now the experts are working on a new schedule for the European vehicle and component plants based on the principle of “prepare, test, restart”.

The car manufacturer VW has meanwhile just extended the production stop in Germany due to the coronavirus crisis by four more days until April 9. The tapes have been standing still for a week. The subsidiary Skoda is extending the temporary closure of its locations in the Czech Republic until April 14th.

VW: No liquidity aid is currently needed

By far the most important project at VW this year is the launch of the ID.3 e-car, which was delayed due to the software configuration. “Of course we will continue to work on the critical vehicle projects,” emphasized Diess. He was optimistic that the car could hit the road in the summer as planned.

VW CFO Witter told the “Börsen-Zeitung” that the company currently sees no need for state liquidity support: “From today's perspective, I rule that out.” Sales of investments are not an issue, but expenditures that are not absolutely necessary are being examined. "The flow of payments has narrowed significantly due to the lack of vehicle sales, so we have to limit the flow of payments to what is currently really important." In the “Braunschweiger Zeitung” Witter spoke of a “serious crisis situation”, which is currently under control. In addition to its own funds, VW has access to credit lines of over 20 billion euros. (dpa)