Volkswagen expects chip supply to be challenging at least until end-H1

FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer

FRANKFURT (Reuters) - Volkswagen on Wednesday said tight chip supply would continue to pose challenges to Europe's largest carmaker during at least the first half of 2022, while next year as a whole should show a slight improvement.

"The Volkswagen Group is still doing everything in its power to minimize the impact of the structural undersupply of semiconductors on production and is actively working with semiconductor manufacturers and suppliers to mitigate the supply shortages," the group said.

(Reporting by Christoph Steitz, Editing by Miranda Murray)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Tech News

China’s ecommerce hub faces Omicron flareup just before holiday
Apple releases personal safety guide to address tech-enabled stalking
New York will require employers to disclose monitoring to new hires
Renault-Nissan to do more together in $26 billion electric bet
WeTransfer owner cancels IPO, citing market volatility
IG Group reports slower rise in interim profit as market volatility eases
Man, 22, gets three months’ jail in SG for opening bank account used by scammers
Twitter suspends spoiler account for ‘Wordle’ answer reveal
Apple gets a restraining order against woman stalking CEO Tim Cook
Three, two, one: astronomers predict SpaceX space junk will hit the Moon

Others Also Read