VW CEO says chip shortage is the only factor slowing rebound from COVID hit

Microchips — Stellantis is likely to lose thousands of units of production on popular models such as the Peugeot 308 and 2008, according to AutoForecastSolutions, because of shortages of components that include semiconductors. (SeongJoon Cho/Bloomberg)

By:

Reuters

April 15, 2021 12:23 PM

FRANKFURT -- A continuing shortage of crucial semiconductors is the only factor weighing on a global recovery of the car sector from the coronavirus crisis, Volkswagen Group CEO Herbert Diess said.

Featured Stories

Automotive News PACE Awards go to Dana, Flex, Lear, Marelli, 7 other suppliers

Former Mercedes-Benz USA sales boss Adam Chamberlain returns as CEO

VW Group of America CEO to dealers on Scout: I hear you

Alliance CEO John Bozzella: States can ‘make decisions’ not to follow California rules

Latest News

New electric MG SUV retains value lead, but rivals close price gap

Automotive News PACE Awards go to Dana, Flex, Lear, Marelli, 7 other suppliers

Amazon Autos shoppers can now lease Hyundai vehicles on platform

Alliance CEO John Bozzella: States can ‘make decisions’ not to follow California rules

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Automotive News Europe Congress panel: A Bumpy Road to Electrification

GM to idle CAMI BrightDrop plant in Ontario for 5 months

Take a look at how tariff stacking impacts vehicles and parts

EU, China explore minimum prices for Chinese EVs to replace tariffs

Staying current is easy with newsletters delivered straight to your inbox.