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6/15, 6:13 PM (Source: TeleTrader)
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VW-0.82%

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Chart for: VOLKSWAGEN AG ST O.N.

VW's Wolfsburg plant to cut production - report

Volkswagen AG will cut production in its Wolfsburg plant due to the semiconductor chip shortage, the Deutsche Presse-Agentur reported on Tuesday.

According to the report, workers in assembly, body shop, paint shop, or car production are especially affected by the new shortened schedule which will be in effect from June 21 to June 25.

Automakers around the world are struggling to keep their production up amid a global shortage of semiconductor chips.

Breaking the News / MD