Volvo Group Sees More Risk From ‘Unstable’ Chip Supply Chain
- Production halts may extend beyond truck production, CEO says
- Shortage hits manufacturer as truck deliveries, orders jump
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Volvo Group said it may see further disruption from the semiconductor shortage that has forced the truckmaker to idle plants, potentially hobbling a recovery that’s seen orders more than double.
The Swedish company, which warned last month output might grind to a halt for two to four weeks in the current quarter, said it couldn’t rule out further disruption. Production stoppages may spread to other parts of the business, according to a statement Thursday. The manufacturer also makes construction equipment, buses and boat engines.