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Mexico, Distrito Federal,- To face the crisis in the automotive industry, Volkswagen de Mexico announced two technical stoppages more, in March and in April; extended Easter Vacation; a 20% year-to-year cut in production and the layoff of 800 temporary workers, who will stop working next Saturday.

In addition, the Company does not rule out the possibility for a personnel cut among permanent workers; however, Otto Lindner, Chairman of the Board, cleared out that this should be negotiated with the Union, headed by Victor Jaime Cervantes Rosas.

Lindner pointed-out that unlike other firms Volkswagen de Mexico enjoys “financial health”, which allows “continuing operations with no fear that this crisis could jeopardize the existence of the company”.

He also guaranteed that investments announced last year by Martin Winterkorn, Volkswagen’s President, for US$1 billion to be made within the next three years in Puebla Plant, stay firm.

“If investments are made as we had planned and economic environment returns to be rather normal by the end of 2009, we will be talking about new models and more production in Puebla, more orders for suppliers and, of course, new jobs”.