Volkswagen says chip limits automotive sector recovery

Volkswagen says chip limits automotive sector recovery

Hannover Messi trade fair chief executive Herbert Dias said demand is increasing in the United States, Brazil and China

lack of Semiconductors The weight of global recovery of the automotive sector is the only factor in the crisis caused by coronovirus, said Herbert Dias, Chief Executive Officer Volkswagen This thursday.

Demand is increasing in the United States, Brazil and China, Dias said at the Hannover Mess trade fair, noting that the world’s second-largest automaker is also operating in Europe with large order intake.

“The only thing that is currently limited and slowing this recovery is the critical supply conditions for different types of semiconductors around the world,” Dias said.

The day after the comment, Ford installed another series of plant closures due to the shortage, affecting five facilities in the United States and one in Turkey.

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Sarah Gracie

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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