Volkswagen will reportedly produce fewer cars in 2022

by SpeedLux
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Volkswagen expects to produce even fewer cars in 2022 compared to the current year due to the continued shortage of semiconductors according to a report by Manager Magazin on Thursday.

The report cited people familiar with the matter.

The automaker has reduced its forecast for 2021 vehicle deliveries last week to 9 million from 9.3 million and is now preparing for the possibility that the ongoing chips shortage could last until at least early 2023.

In the worst-case scenario, deliveries could decline to 8 million cars in 2022 – but even if things go relatively well, deliveries could be slightly below 2021’s, the report said.

Volkswagen declined to comment on the report, saying it expected a slight easing of the supply situation in 2022 but that the first half of 2022 would remain very volatile.

The chip shortage, which has hit automakers worldwide, emerges from a confluence of factors as automakers, which closed plants for two months during the coronavirus pandemic last year, rival against the sprawling consumer electronics industry for chip supplies. A factory fire suffered by Japanese chipmaker Renesas this year is also cited as a reason behind the chip shortage.

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