Wollenstein mentioned he nonetheless believes the corporate will document gross sales quantity progress for each the VW model and the group in China, except the chip scarcity worsens.
Volkswagen expects semiconductor provide bottlenecks in China to start easing within the coming weeks and to satisfy the wants of the carmaker’s primary model by the tip of the third quarter, it mentioned on Friday.
“We see light at the end of the tunnel,” Volkswagen China chief Stefan Wollenstein instructed reporters at a briefing.
Read additionally: Volkswagen exhibits confidence in electrical future with increased margin goal
Wollenstein mentioned he nonetheless believes the corporate will document gross sales quantity progress for each the VW model and the group in China, except the chip scarcity worsens.
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But he cautioned that the COVID-19 outbreak in Malaysia couldn’t rule out additional changes in manufacturing of Volkswagen manufacturers made in China that have been affecting chipmakers.
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With inputs from NDTV
