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VW says may need to chop manufacturing additional attributable to chip scarcity Reuters by way of biedexmarkets.com

VW says might have to cut production further due to chip shortage

© Reuters.

BERLIN (Reuters) – Volkswagen (DE:) may have to chop manufacturing additional attributable to a semiconductor provide bottleneck, the German carmaker stated on Thursday.

Volkswagen expects the state of affairs to enhance by the tip of the 12 months and goals to make up for manufacturing shortfalls within the second half so far as doable, the corporate advised Reuters.

Rival Toyota will cut back international manufacturing for September by 40% from its earlier plan, the enterprise each day reported on Thursday.