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Porsche halts production as bottlenecks in global supply chains intensifies

2020-03-23 08:00
porsche macan turbo

2020 Porsche Macan Turbo. Image: The News Market

As of this week, Porsche will suspend production on all its vehicles for two weeks.

This comes as the dreaded coronavirus sweeps across the globe, forcing everyone – all spheres of life – to take preventative action in a bid to halt the spread.

Responding to Covid-19

In an official statement, Porsche said: “By taking this step, the sports car manufacturer is responding to the significant acceleration in the rate of infection caused by the coronavirus and the resultant measures implemented by the relevant authorities.”

Furthermore, Porsche notes that bottlenecks in global supply chains have disrupted their “orderly production.” The automaker also said that it is preparing for a decline in demand, hence the decision was taken to secure its financial strength.

READ: SA automakers still in full swing while Europe shuts down most car plants due to coronavirus

Oliver Blume, Chairman of the Executive Board of Porsche AG, said: “With these measures, our company contributes to the protection of the workforce and the reduction of the spread of the coronavirus. The actual consequences are not yet predictable. It is therefore too early for forecasts. What is clear is that 2020 will be a very challenging year.”

Porsche has decided on a number of intensified measures: there is a ban on business travel, ‘mobile working’ has been greatly extended, and meetings will now take place only by video or conference calls.

Compiled by: Charlen Raymond

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