Volkswagen indicates shortage of Chinese chips would hit profits
NegativeWorld Affairs

Volkswagen has warned that its profit targets for the year are at risk due to a looming shortage of computer chips from China, which could impact car manufacturers across Europe. While the company is launching new electric vehicle models and implementing cost-cutting measures to counteract a decline in demand from China, the uncertainty surrounding semiconductor availability poses a significant challenge. This situation highlights the ongoing supply chain issues that continue to affect the automotive industry, making it crucial for companies to adapt quickly to changing market conditions.
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