The automaker's launch into mass market electric vehicles is delayed for the second time.
News & Analysis: Volkswagen AG (ADR)
The vehicles include a new Ranger-based pickup for VW.
VW is ramping up to take a big share of China's EV market.
VW expects sales to be way down and profit to fall sharply, but not to zero.
But the factory will run much more slowly than normal.
VW will try to restart two factories next week, and several more by the end of April.
BMW, Daimler, and VW are worried about their supply chains.
With factories closed, VW is losing billions of dollars a week and might have to trim jobs.
The pandemic has forced several automotive manufactures to temporarily cease production.
VW is shutting down in Europe, and it can't even guess how much it'll cost.