VW Car Production Boosted By Better Chip Supplies in Second Half - Bloomberg

2022-05-21 16:53:21 By : Ms. keller wang

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Volkswagen AG expects the protracted shortage of semiconductors to ease during the second half of the year and contribute to a surge in output, offsetting months of curtailments.

VW confirmed a projection that deliveries will rise by as much as 10% this year, it said Wednesday, even after production slumped by 12% during the first three months. Strong prices and demand for high-end premium cars helped to offset lower production, it said.