Volkswagen Says Chip Crisis Won’t Ease Until Second Half of 2022

The head of Volkswagen AG’s Americas business doesn’t see U.S. auto production returning to normal levels until the second half of 2022 following Covid-19 outbreaks in Malaysia that brought a fresh round of supply chain headaches.

“Normal -- when we can make every single car we want exactly when we want to make it -- I don’t think will be until second half of next year,” Scott Keogh, chief executive officer of Volkswagen Group’s North American unit, said in an interview at the company’s assembly plant in Chattanooga, Tennessee.