Automotive Aug 02, 2021 02:10 PM (GMT+8) · EqualOcean
Alexander Seitz, chief financial officer of Volkswagen brand, said on Friday: "although there are signs that the semiconductor supply bottleneck is beginning to ease, from the perspective of supply, we expect to still face great challenges in the third quarter." Audi, the biggest profit contributor of Volkswagen Group, said that there were signs that there would be a severe supply situation in the coming months. At the same time, it said, "Audi will continue to step up research on countermeasures, but in view of the continuous shortage, it is expected that it will not be possible to fully make up for the losses caused by the production reduction this year."