VW expects microchip shortage to last until 2024

Automakers are working with the double problem of the microchip scarcity and disruption of wire cable harnesses made in Ukraine induced by Russia’s invasion of the country.

Antlitz said unique VW Team crops are regularly compelled to cancel shifts for the reason that the automaker’s supplier in the Ukraine is only functioning on a solitary-change foundation.

“We have set up a crisis workforce and, in some situations, also shifted volumes to other creation facilities of the identical suppliers. Nevertheless, the alternative places are not supposed to substitute the manufacturing internet sites in Ukraine in the lengthy time period. We stand by our current provider web sites in Ukraine and offer assistance wherever we can,” Antlitz claimed.

Looming electricity disaster

Questioned about soaring strength costs and the risk of a ban of imports into Germany of Russian purely natural gasoline, Anlitz mentioned the automaker has not however determined when to implement its plan to transform energy plant functions in Wolfsburg from coal to purely natural gasoline.

“We haven’t switched over but. But we are presently in the course of action of switching over. At the minute, the coal-fired energy plant is nevertheless jogging when the gas-fired electrical power plant is ramping up. We are looking at extremely closely what takes place in the following several times and weeks. At the minute, we haven’t made a decision when we will eventually shut down the coal-fired electricity plant.”

Antlitz also reiterated plans for a feasible IPO of VW Group’s Porsche’s sporting activities-automobile subsidiary.

“There has been a lot of speculation there just lately about the timing, but we are still aiming for an IPO in the last quarter,” he claimed.

Reuters contributed to this report

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