VW brand boss expects chip supply to remain tight in coming months

FRANKFURT — Volkswagen expects semiconductor supplies to the car sector to keep on being tight in coming months, the head of the autormaker’s namesake brand was quoted as saying on Saturday.

“I feel the circumstance will keep on being tense,” Ralf Brandstaetter, CEO of the Volkswagen brand and member of the carmaker’s administration board, advised German information company dpa.

He said a hearth at a manufacturing facility operated by automotive chip maker Renesas Electronics Corp., as effectively as snowstorms in Texas that have harm manufacturing facility creation, had correctly idled output.

“The affect will undoubtedly be felt in the coming months,” Brandstaetter said, introducing Volkswagen’s procurement activity pressure was hectic around the clock working with the situation which remained at the top rated of the agenda of Volkswagen’s administration board.

Volkswagen AG has been unable to establish 100,000 autos because of to the lack, CEO Herbert Diess said in March, introducing the group would not be able to make up for the shortfall in 2021.

Brandstaetter said the circumstance was envisioned to ease relatively in the second 50 {0764260a27b4b31ca71a8adf79c3ae299a61e6f062052eee3f0df84ce9b30ade} of the year.

Wayne Griffiths, president of Volkswagen’s Spanish brand Seat, said past month the worries caused by the lack ended up very likely to intensify in the second quarter.