BERLIN (Reuters) -Volkswagen has secured sufficient chips for its production, the head of the carmaker’s VW brand said on Tuesday, as other automotive firms still struggle with a supply shortage triggered by a trade dispute over manufacturer Nexperia. Thomas Schaefer, head of the Volkswagen brand and member of the carmaker’s management board, said that Europe’s […]
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Volkswagen has secured chip supply for now, brand boss says
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BERLIN (Reuters) -Volkswagen has secured sufficient chips for its production, the head of the carmaker’s VW brand said on Tuesday, as other automotive firms still struggle with a supply shortage triggered by a trade dispute over manufacturer Nexperia.
Thomas Schaefer, head of the Volkswagen brand and member of the carmaker’s management board, said that Europe’s largest automaker had learned a lot from the chip crisis following the COVID-19 pandemic.
“We’re secure at present,” he said on the sidelines of an industry event when asked about the current shortage of Nexperia chips.
(Reporting by Rachel More; Writing by Christoph Steitz; Editing by Jan Harvey)