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Volkswagen cuts production further over semiconductor shortage

Hamburg, Jan. 13, 2021 (Reuters/NAN) Volkswagen said, on Wednesday, it would further cut car production at its main plant in northern Germany due to a shortage of semiconductors that has hit the industry worldwide.

Staff producing the Tiguan, Touran and Seat’s Tarraco models at its Wolfsburg site will work reduced hours, the group said in a statement.

Production of its bestselling Golf model has already been affected.

Automakers and electronics makers are facing a global shortage of chips as consumer demand has bounced back from a slump.

The slump is caused by the coronavirus pandemic that has led to manufacturing delays.

Naija247news, Nigeria
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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