German auto giant Volkswagen AG’s (OTC:VWAGY) passenger cars brand has reportedly assured that the recent Red Sea attacks are not likely to cause “significant” disruptions in their production processes, contrasting with Tesla Inc’s (NASDAQ:TSLA) move of substantial production halts at its German facility.
The company has been collaborating with shipping companies and vigilantly monitoring the situation to gauge its impact on production and market supply, aiming to prevent any possible disruptions, reported Reuters.
In response to the evolving geopolitical situation, most major shipping companies have already started rerouting their vessels as early as December.
This strategic move is ...