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Traton hit by supply chain shortages, expects issues into next year By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: Visitors stand at the booth of Volkswagen’s truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer//File Photo

BERLIN (Reuters) – German truck maker Traton said on Wednesday that sales in September were particularly hard hit by a global shortage of chips and other car parts, and that the company expected the shortages to continue into next year.

Mattias Grundler, CEO, stated that global supply chains were not just lacking chips, but also many other products. The company expects the same situation to persist into next year. Grundler added that Malaysia lockdowns are the root cause.

This warning comes after a similar one from Martin Daum, CEO of Trucks at Daimler (OTC) last Friday. Martin Daum stated that the company was experiencing stockpiles in unfinished cars as it tried to obtain parts for its orders.

Global supply chain problems have been plaguing carmakers over the past months, forcing them to temporarily suspend production. The company also has lower future revenues forecasts and no indication of an end of the crisis.

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