UPDATE 1-Shanghai power crunch hits VW as daily usage peaks

Newswire

(Adds new daily consumption record set on Friday in paragraph 5) By Ben Blanchard SHANGHAI, July 23 (Reuters) - China's commercial hub of Shanghai, grappling with a worsening power crunch, has ordered its two largest auto makers to shut production for more than a week, company executives said on Friday. Volkswagen AG halted operations from last Friday for 10 days -- but said that would not affect overall output because it had ramped up production ahead of time to compensate. ...

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