Volkswagen expects chips shortage to ease in Q3

Volkswagen expects chips shortage to ease in Q3

Employees work on an assembly line as the Volkswagen construction plant reopens after closing down last month due to the coronavirus disease (COVID-19) outbreak in Bratislava, Slovakia April 28, 2020. REUTERS/Radovan Stoklasa/File Photo

Volkswagen (VOWG_p.DE) expects a shortage in semiconductor supply to ease in the third quarter but sees the bottlenecks continuing in the long-term, a board member told Handelsblatt newspaper.

“At the moment we have reached the lowest point. We are facing the toughest six weeks,” Murat Aksel, the head of procurement on the Volkswagen board, told the newspaper…

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