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Volkswagen expects chip provide to stay tight in coming months By Reuters 


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© Reuters. FILE PHOTO: Ralf Brandstaetter, CEO of the Volkswagen Passenger Vehicles model

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FRANKFURT (Reuters) – Volkswagen (DE:) expects semiconductor provides to the automotive sector to stay tight in coming months, the top of the carmaker’s namesake model was quoted as saying on Saturday.

“I believe the state of affairs will stay tense,” Ralf Brandstaetter, CEO of the Volkswagen model and member of the carmaker’s administration board, instructed German information company dpa.

He mentioned a hearth at a manufacturing unit operated by automotive chip maker Renesas Electronics Corp, in addition to snowstorms in Texas which have harm manufacturing unit manufacturing, had successfully idled output.

“The affect will definitely be felt within the coming months,” Brandstaetter mentioned, including Volkswagen’s procurement job pressure was busy across the clock coping with the difficulty which remained on the high of the agenda of Volkswagen’s administration board.

Volkswagen AG (OTC:) has been unable to construct 100,000 vehicles because of the scarcity, CEO Herbert Diess mentioned in March, including the group wouldn’t be capable of make up for the shortfall in 2021.

Brandstaetter mentioned the state of affairs was anticipated to ease considerably within the second half of the yr.

Wayne Griffiths, president of Volkswagen’s Spanish model SEAT, mentioned final month the challenges brought on by the scarcity have been prone to intensify within the second quarter.

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