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Volkswagen expects semiconductor supplies to the car sector to remain tight in coming months, the head of the carmaker's namesake brand was quoted as saying on Saturday. "I think the situation will remain tense," Ralf Brandstaetter, CEO of the Volkswagen brand and member of the carmaker's management board, told German news agency dpa. He said a fire at a factory operated by automotive chip maker Renesas Electronics Corp, as well as snowstorms in Texas that have hurt factory production, had effectively idled output. "The impact will certainly be felt in the coming months," Brandstaetter sai...

Volkswagen expects chip supply to remain tight in coming months 05/01/2021 12:04 FRANKFURT (Reuters) - Volkswagen expects semiconductor supplies to the car sector to remain tight in coming months, the head of the carmaker's namesake brand was quoted as saying on Saturday. "I think the situation will remain tense," Ralf Brandstaetter, CEO of the Volkswagen brand and member of the carmaker's management board, told German news agency dpa. He said a fire at a factory operated by automotive chip maker Renesas Electronics Corp, as well as snowstorms in Texas that have hurt factory production, h...

Volkswagen Group warns on escalating global chip crisis “The name of the game this year will be flexibility,” says Wayne Griffiths. PUBLISHED BY TAGS: Volkswagen Group has warned managers to prepare for the worst as the global auto chip shortage disrupts production. The world’s second-largest automaker is expecting the chip shortage to heighten production woes in the second quarter. “We are being told from the suppliers and within the Volkswagen Group that we need to face considerable challenges in the second quarter, probably more challenging than the first quarter,” Wayne Grif...

27 April 2021 10:44 am / 0 comments Financial Times reported. Seat president and Cupra CEO Wayne Griffiths said the chip shortage is the “biggest challenge” the company faces at the moment. “We are being told from the suppliers and within the Volkswagen Group that we need to face considerable challenges in the second quarter, probably more challenging than the first quarter,” Griffiths added. Production at Seat’s Martorell plant outside Barcelona was currently “hand to mouth,” Griffiths told the paper, with the brand deciding what cars to build only after it receives chips f...

Volkswagen warns of worsening output hit from chip shortage -FT 04/24/2021 21:26 (Reuters) - Volkswagen AG has warned managers to prepare for a bigger production hit in the second quarter than the first due to a global chip shortage, the Financial Times reported on Saturday. "We are being told from the suppliers and within the Volkswagen Group that we need to face considerable challenges in the second quarter, probably more challenging than the first quarter," Wayne Griffiths, president of Volkswagen's Spanish brand Seat, told the FT. https://on.ft.com/3gBddOE Griffiths called the shortag...