Home Business Auto, unknown chip crisis at the Munich Motor Show: GM under pressure, Volkswagen down too

Auto, unknown chip crisis at the Munich Motor Show: GM under pressure, Volkswagen down too

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Among the most active stocks in the premarket, GM under pressure after various leaders in the auto industry at the
Munich Motor Show, they admitted they predict the global chip crisis will continue to weigh on the industry.

In particular, Volkswagen CEO Herbert Diess, Daimler CEO Ola Kallenius and Ford Europe president Gunnar Herrmann reported, interviewed by CNBC, that it is difficult to understand when the issue of the chip shortage can be resolved.

Volkswagen CEO Diess pointed out, in particular, how the German car group has seen its market share in China drop due to the problem.
And Ford Europe’s Hermann said he believes the chip crisis could continue into 2024. GM, Ford and Volkswagen stocks under pressure.

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