Volkswagen expects chip shortage to ease later in 2022

FILE PHOTO: A Volkswagen ID.6 X is displayed ahead of the Shanghai Auto Show, in Shanghai, China April 18, 2021. REUTERS/Aly Song/File Photo

BERLIN (Reuters) - German carmaker Volkswagen expects a continued hit from a shortage of semiconductors this year, although it should be able to ramp up production in the second half of the year, Chief Executive Herbert Diess said on Wednesday.

"The supply situation is getting better, but even in 2022 we will not be able to build all the cars we could sell. But we