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VW’s China unit sees chip shortage easing

VW’s China device sees chip shortage easing – Just Car

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VW’s China unit sees chip shortage easing

Although quite a few automakers around the earth are struggling to offer with a shortage of crucial digital parts prompted by the semiconductor supply disaster, Volkswagen’s Chinese device expects the disaster to simplicity about the next 6 months.

In remarks reported by Reuters, VW’s China functions main Stephan Woellenstein claimed he anticipated the chips supply disaster to bottom out in the summer time. “We be expecting to see an enhancement in this problem within just the second 50 % of the 12 months,” he additional.

He also advised Reuters that Volkswagen will supply some chips from a new provider starting in August.

The Reuters report notes that VW noticed its China JVs’ profits fall twelve.three% amongst April and June compared with a 12 months previously, as chip supply problems hit its assembly strains.