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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, Nigeriahttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.
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