Markets

Volkswagen doesn’t see chip shortage end in 2023 – Automobilwoche

Volkswagen doesn’t see chip shortage end in 2023 – Automobilwoche

BERLIN (Reuters) – Volkswagen (ETR ๐Ÿ™‚ no longer expects a chip shortage to end in 2023, and the German carmaker is preparing for a “new normal” for supply chain disruptions, said Murat Axel, head of procurement at its board of directors. Volkswagen, a German weekly. Automobileush.

โ€œInvestments in new capacity are now on track, but there will likely be a structural deficit in semiconductors through to 2023,โ€ Axel told the weekly, adding that it is โ€œa structural problem that cannot be resolved so quickly.โ€

Wire supplies on the other hand, which were scarce after the Russian invasion of Ukraine in February, were no longer a problem, he said: “This is stable again.”

However, Axel cautioned that “what we’ve seen in supply chains over the past two years, this is the new normal,” adding that Volkswagen is investing heavily in early detection.

“With the new geopolitical issues, if anything, they are only going to get more complex and challenging,” Axel added.

READ ALSO :   Porsche AG's valuation sent Volkswagen shares up 3% in pre-market trading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The Latest

To Top