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VW shifts output to North America, China as Ukraine war dampens outlook

VW ID3 production Dresden
VW has been cut output because of a shortage of wire harnesses produced in Ukraine. Shown is production of the ID3 electric hatchback in Dresden, Germany. (Matthias Rietschel/REUTERS)
R
By:
Reuters
March 15, 2022 06:50 AM

BERLIN -- Volkswagen Group is shifting more production to North America and China as a result of the Ukraine conflict and will prioritize China this year, CEO Herbert Diess said.

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