Volkswagen Says China Car Sales, Production Hit By Chip Supply Shortage
Volkswagen AG lost sales of tens of thousands of cars in China as a global chip supply shortage impacted its production in December.
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Highlights
German automaker Volkswagen AG lost sales of tens of thousands of cars in China as a global chip supply shortage impacted its production in December, the head of its China operations, Stephan Wollenstein, said on Wednesday.
Volkswagen is the biggest foreign automaker in China, the world's biggest car market.
Global automakers including Ford Motor Co, Toyota Motor Corp and Nissan Motor Co Ltd have said they would cut vehicle production this month due to a shortage of semiconductors.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
# Volkswagen# Volkswagen China# China Car Sales# Coronavirus# Cars# Auto Industry# Coronavirus Lockdown
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