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Volkswagen executive sees global chip shortage running well in 2022 -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Staff wear protective masks at the Volkswagen assembly line in Wolfsburg, Germany, April 27, 2020. Swen Pfoertner/Pool via REUTERS/File Photo/File Photo

DETROIT (Reuters) – Volkswagen AG (OTC:)’s top Americas executive said on Tuesday the global chip shortage will run well into next year.

“Without a doubt, this shortage is going to go well into 2022, at least the second half of ’22,” Scott Keogh said on a panel at the Reuters Events Automotive Summit.

He added while the issue may ease in the fourth quarter of this year, the industry still cannot meet market demand.

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