VW Warns Chip Shortage Threatens Car Production Worldwide
- Bottleneck to restrict output in China, North America, Europe
- Chipmakers are caught off guard by auto sector’s rebound
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Volkswagen AG is bracing for a major production disruption from a shortage of semiconductors.
The world’s largest automaker will need to adjust first-quarter manufacturing plans around the globe because of the bottleneck, VW said in an emailed statement Friday, without giving specific figures. The number of cars affected could be in the low six-digit range, according to people familiar with the matter.