Volkswagen expects a deterioration in the situation with a shortage of semiconductors

Volkswagen expects a deterioration in the situation with a shortage of semiconductors

FineAuto

According to experts’ forecasts, as a result of a shortage of microcircuits, global manufacturers will lose $ 61 billion.

The global semiconductor shortage, which negatively affects car production, could grow over the next six months.

According to Interfax-Ukraine, the German automobile concern Volkswagen AG warned about this.

“The impediment to growth in the form of a lack of semiconductors is more likely to affect us in the second half of the year,” the company said in a statement.

Volkswagen has reported preliminary results for the first six months of this year. The group posted an operating profit of 11 billion euros, compared with a loss of 1.49 billion euros in the same period a year earlier.

The company, which manufactures cars under the brands Volkswagen, SEAT, Skoda, Audi and Porsche, has managed to offset the bulk of the negative effects of semiconductor shortages through more profitable car models, a Volkswagen spokesman said.

The company’s warning signals a reassessment of the situation in the industry, writes The Wall Street Journal. Previously, car executives and industry analysts had predicted that the chip crisis would peak in the second quarter and begin to slowly recover over the next six months.

Experts of the consulting company AlixPartners in January predicted that as a result of the shortage of microcircuits, global manufacturers will lose $ 61 billion in revenue this year. Meanwhile, in May, they revised their forecast to $ 110 billion.

The company predicts that global automakers will sell about 80.7 million new vehicles in 2021, up from a previous forecast of 84.6 million.

Another German carmaker, BMW, reported last week that it produced 30,000 fewer vehicles than planned for this year, noting that it will be difficult for the company to confirm its earlier forecast of an improvement in the second half of the year. / p>

In turn, French Renault CEO Luca de Meo said in an interview with Bloomberg News that the deficit is a structural problem that will persist over the next year.

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