Automakers

VW's Diess sees progress catching Tesla as chip shortages ease in second half

VW ID4 Emden
Production of the ID4 is pictured at VW's plant in Emden, Germany.
R
By:
Reuters
June 28, 2022 01:18 PM

BERLIN – Volkswagen Group sees a strong second half of 2022 and expects progress in catching up with rival Tesla as easing chip shortages start to offset supply chain bottlenecks and rising costs, the automaker's CEO, Herbert Diess, said.

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