Automakers around the world have had to adjust assembly lines due to chip shortages caused by high demand for cars.
Car industry executives are being rattled by a global shortage of semiconductors which is hitting production in China, after hoping the world’s biggest car market could spearhead global recovery in the sector.
Automakers around the world have had to adjust assembly lines due to the shortages, caused by manufacturing delays that some semiconductor makers blame on a faster-than-expected recovery from the coronavirus pandemic.
Volkswagen AG, China’s biggest foreign automaker which wants to sell more than four million vehicles in the country, said the effect of the shortage remains unabated in the second quarter this year.
Stephan Woellenstein, Volkswagen’s China chief, told reporters on Sunday it was hard to gauge how much production Volkswagen might lose week-to-week or even month-to-month because of the chip shortage.
“It’s really like fire-fighting … In