VW’s Skoda Auto Sees Easing Chip Crunch Spur Output Recovery
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Skoda Auto AS is aiming to boost output to pre-pandemic levels in the next two to three years as the Czech Republic’s largest manufacturing company sees the worst of chip-supply difficulties behind the automotive industry.
The global situation with semiconductors is “getting much better,” Chief Executive Officer Klaus Zellmer said in an interview in Prague. Combined with booming sales in Europe and an expansion in Asia, the Volkswagen AG’s unit is seeking to gradually raise annual deliveries to at least 1 million cars, from 731,300 last year.