Volkswagen Warns of Worsening Output Hit From Chip Shortage -FT
Volkswagen warns of worsening output hit from chip shortage -FT (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 shortage the "biggest ch...