Original title: Chip shortage affects the German automotive industry Volkswagen Group to lower its delivery forecast for this year Source: CCTV News Client
On October 28, local time, due to the obvious impact of chip shortages on the German automobile industry, the German Volkswagen Group announced that it would lower its delivery forecast for this year.
The Volkswagen Group said that it expects that the delivery volume in 2021 will only be basically the same as that in 2020, and in the previous forecast, the sales volume in 2021 should be significantly higher than that in 2020.
Volkswagen Chief Financial Officer Antelitz said that the chip supply bottleneck in the third quarter showed that Volkswagen could not digest fluctuations in capacity utilization. In the third quarter, Volkswagen’s sales were about 56.9 billion euros, a decrease of 4.1%, but its net profit reached 2.9 billion euros, an increase of 5.6%, thanks to financial investment and tax incentives. In the past few months, Volkswagen has stopped production many times, and many employees feel uneasy about the status quo and lack a sense of security at work.
In addition to the bottleneck of raw materials, the Volkswagen Group also needs to face the challenges of transformation. The CEO of Volkswagen Group Diss previously issued a statement saying that if Volkswagen’s transformation to electric vehicles fails, the group will face the risk of laying off 30,000 employees. Most experts in the automotive industry expect that the chip shortage will be alleviated in 2022. Next year, the automotive industry can partially make up for this year’s production losses. However, some industry professionals, including Daimler’s chairman, believe that the chip shortage may be Continue until 2023. (Headquarters reporter Li Changhao)
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