Volkswagen does not anticipate a resolution to the chip shortage

As a quote from an industry magazine says, a member of Volkswagen's board said that the global shortage of semiconductors will not end this year, but that it should get a little better in the second half.

A Volkswagen board member who is in charge of procurement said in an interview with Automobilwoche: "The volatile situation will have an impact on us for at least another half of this year. So we have to be prepared for that."

As a result of supply chain problems and a surge in semiconductor demand from consumer electronics companies, carmakers worldwide have been unable to get the parts they need to make their cars run. Aksel said there were structural problems at work, with demand for cars set to keep rising in the car-making business.

When chip suppliers did not deliver on time, he said the focus was on working with them to make sure there were more chips available. When more semiconductor production capacity comes online in 2023, it should be easier to make accurate forecasts then, the man said.