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Volkswagen halts production at Brazil plant

Mar. 31, 2015 7:30 AM ETVolkswagen AG (VWAGY) StockVWAGYBy: Clark Schultz, SA News Editor
  • Production at a Volkswagen (VLKAY) plant in Brazil has been halted in a reaction to slow demand in the region.
  • 4.2K workers have been furloughed, according to a local union.
  • Automobile sales in Brazil are down 20% Y/Y through the first two months of 2015.

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