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Volkswagen China Sees Chips Crunch Easing In Q3

Woellenstein said he was still confident the company will record a rise in sales volume in China, both for the VW brand and the group, this year as long as the chip shortage does not worsen.
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By Reuters

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1 mins read

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Published on July 24, 2021

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    Volkswagen expects semiconductor supply bottlenecks in China to start easing over the coming weeks and to cover the needs of the carmaker's main brand by the end of the third quarter, it said on Friday.

    "We see light at the end of the tunnel," Volkswagen China chief Stephan Woellenstein told journalists in a briefing.

    Also Read: Volkswagen Shows Confidence In Electric Future With Higher Margin Goal​

    Woellenstein said he was still confident the company will record a rise in sales volume in China, both for the VW brand and the group, this year as long as the chip shortage does not worsen.

    But he cautioned that further adjustments to production of Volkswagen brands made in China could not be ruled out due to COVID-19 outbreaks in Malaysia that were affecting chipmakers.

    Also Read: Volkswagen Virtus Review: 1.0 TSI And 1.5 TSI Automatics Driven

    # Volkswagen# VW# semi-conductor shortage# Chip Shortage# Semiconductor Chip Shortage# Auto Industry
    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

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