ChinaAUTOSHOW Chip shortage casts shadow on China s auto industry recovery
Yilei SunNorihiko Shirouzu
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A Volkswagen ID.6 X is displayed ahead of the Shanghai Auto Show, in Shanghai, China April 18, 2021. REUTERS/Aly Song
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Auto industry executives are 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 (VOWG p.DE), China s biggest foreign automaker which wants to sell over four million vehicles in the country, said the impact of the shortage remains unabated in the second quarter this year.
By Norihiko Shirouzu and Yilei Sun SHANGHAI (Reuters) - Auto industry executives are 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 over four million vehicles in the country, said the impact of the shortage remains unabated in the second quarter this year.
By Norihiko Shirouzu and Yilei Sun SHANGHAI (Reuters) -A global shortage of semiconductors is hitting autos production in China, jeopardising hopes the world s biggest car market might spearhead a recovery in the sector, industry executives warn.
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 hopes to sell over four million vehicles in the country, said the situation had not improved in the second quarter. The German group s China chief, Stephan Woellenstein, 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.
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A global shortage of semiconductors is hitting autos production in China, jeopardising hopes the world’s biggest car market might spearhead a recovery in the sector, industry executives warn.
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.
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