Advertisement
Canada markets closed
  • S&P/TSX

    22,308.93
    -66.90 (-0.30%)
     
  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     
  • DOW

    39,512.84
    +125.08 (+0.32%)
     
  • CAD/USD

    0.7317
    +0.0006 (+0.08%)
     
  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     
  • Bitcoin CAD

    83,238.35
    -2,445.41 (-2.85%)
     
  • CMC Crypto 200

    1,258.37
    -99.64 (-7.11%)
     
  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     
  • RUSSELL 2000

    2,059.78
    -13.85 (-0.67%)
     
  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     
  • NASDAQ

    16,340.87
    -5.40 (-0.03%)
     
  • VOLATILITY

    12.55
    -0.14 (-1.10%)
     
  • FTSE

    8,433.76
    +52.41 (+0.63%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • CAD/EUR

    0.6789
    +0.0011 (+0.16%)
     

Audi halts production at German plant due to flooding

The remains of an Audi logo are pictured on a car's back at a scrapyard in Fuerstenfeldbruck, Germany, May 21, 2016. REUTERS/Michaela Rehle - RTX2EOKC (Reuters)

BERLIN (Reuters) - German luxury carmaker Audi said it has stopped production at its second-biggest plant in southwestern Germany because of flooding. Parts of the factory, where over 16,000 people build Audi's high-margin models such as the A8 saloon and the R8 sports car, have been flooded following heavy rains over night, a spokeswoman said on Monday. The spokeswoman couldn't say when production would resume or how many workers were affected by the disruptions. Audi is due to report first-quarter results on Wednesday after delaying publication due to VW's diesel emissions scandal. Four people have been killed in the floods and storms in the southwestern German state of Baden-Wuerttemberg where Neckarsulm is located. (Reporting by Andreas Cremer; Editing by Greg Mahlich)