Stock Groups

Volkswagen’s production in Wolfsburg to rise 43% in 2022

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: Volkswagen’s ID.6 SUV and its ID.6 CROZZ SUV are shown as they launch their ID.6 Coupe at the Shanghai Auto Show in Shanghai on April 18, 2021. REUTERS/Aly song/File Photograph

FRANKFURT (Reuters: Volkswagen (DE: ) plans to make around 43% more vehicles in Wolfsburg at its main factory, said its works council chief. Although this is a notable improvement on last year’s, it still faces a shortage of semiconductors.

Volkswagen anticipates that Wolfsburg will produce approximately 400,000 vehicles this year. This is a decrease from the initial target of 1,000,000, which Daniela Cavallo, head of works council, previously stated.

Cavallo said that although the situation should improve by 2022 and there will be an increase in chip supply, the effects of scarcity will remain, Wolfsburger Allgemeine Zeitung.

The year’s programme is still not set. At the moment, 570,000 vehicles will be produced in Wolfsburg. Cavallo also sits as a member of Volkswagen’s supervisory committee.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of the potential risks and financial costs involved in trading the financial market. It is among the most risky forms of investment.

[ad_2]