German carmaker Volkswagen

BERLIN - German carmaker Volkswagen expects a persisted hit from a shortage of semiconductors these 12 months, although it needs to be able to ramp up manufacturing within the second half of the 12 months, Chief Executive Herbert Diess stated on Wednesday.

The deliver situation is getting higher. But even in 2022 we will now not be capable of build all of the automobiles we may want to sell. But we See opportunities for in addition production increases, especially inside the second half of the yr," Diess said in a speech.

Client digital companies

Carmakers round the sector had been hit with the aid of a scarcity of semiconductors caused by COVID-19 deliver-chain disruptions as well as hovering semiconductor call for at client digital companies.

Volkswagen said in early February that night shifts at Wolfsburg could be cut on some manufacturing lines due to the shortage of chips. Diess said capability adjustments might also be wished in the medium term.

Diess stated the delivery of chips became the only predominant project at the moment, with pinnacle models of its premium manufacturers already sold out for the whole of 2022, while its Truck Businesses also have well supply books.