VW lost 100,000 cars lost due to chip shortage
Automaker will not be able to make up shortfall this year
Reuters
A VW Golf assembly line in Wolfsburg, Germany.
FRANKFURT -- Volkswagen Group was unable to build 100,000 cars due to the chip shortage that has hit the automotive sector, CEO Herbert Diess said.
The automaker will not be able to make up for the shortfall this year, Diess said during VW's annual press conference on Tuesday.
Diess said VW will secure future chip supply via direct agreements with semiconductor suppliers, marking a strategic departure for the automaker.
DAILY NEWSLETTER: Sign up and get the top news of the day in Europe every business weekday.