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Tags: volkswagen | chips | production | automaker

Volkswagen CEO: 100K Cars Lost Due to Chip Shortage

Volkswagen CEO: 100K Cars Lost Due to Chip Shortage
Volkswagen presented its final financial statements for the 2020 financial year on Tuesday. (Photo by: Ole Spata/picture-alliance/dpa/AP Images)

Tuesday, 16 March 2021 07:44 AM

Volkswagen was unable to build 100,000 cars due to an ongoing chip shortage that has hit the automotive sector this year, Chief Executive Herbert Diess said, adding the group would not be able to make up for the shortfall in 2021.

Diess, speaking at Volkswagen's annual press conference, said that the carmaker would secure future chip supply via direct agreements with semiconductor suppliers, marking a strategic departure outlined earlier this year.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
Volkswagen was unable to build 100,000 cars due to an ongoing chip shortage that has hit the automotive sector this year, Chief Executive Herbert Diess said, adding the group would not be able to make up for the shortfall in 2021...
volkswagen, chips, production, automaker
71
2021-44-16
Tuesday, 16 March 2021 07:44 AM
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