According to Volkswagen, chip shortages that have affected the automotive industry for over a year are coming to an end. These shortages have caused delays and price increases in manufacturing, but the company predicts that vehicle production will become more consistent later in the year.
Volkswagen acknowledges that some production will still be impacted by the chip shortage in 2023 and the company plans to address it.
The chip shortage, which began in 2020, has been a major issue for the automotive industry, causing delays of over a year for some customers and an increase in prices for new and used vehicles.
Volkswagen is committed to reducing delivery times for its customers and is working diligently to clear the backlog of orders.
While it will take some time, the positive development is that progress is being made, rather than continuing to fall further behind.