The microchip and semiconductor crisis continues to wreak havoc on the automobile industry. Volkswagen, one of the main car manufacturers, points out how long this situation will last and when the supply chain will be normalized. Unfortunately in the short term there will be no improvement.
The car market continues to blame the lack of stock at dealerships. A problem caused by global shortage of microchips and semiconductors. A crisis that the industry has been dragging for a considerable time and, unfortunately, the latest forecasts do not point to a short-term solution. This is pointed out by its own volkswagen.
popular car brand This shortage situation is expected to continue throughout the remainder of the year and, even more importantly, throughout 2023. But when will normalcy begin to return? Volkswagen points to the date on which the automobile sector will begin to see the light at the end of the tunnel.
Volkswagen opens the door to the end of the microchip crisis in 2024
This important colossus of the European automotive industry expects the crisis to continue until 2023. And what is even more worrying, it does not rule out that the interruptions in the supply chain experienced during these last two years will end up becoming the “new normal”.
Murat Askel, Head of Purchasing at Volkswagen, has made some very interesting statements during a recent interview with a specialized media outlet. The high position of the German company assures that the Geopolitical concerns with major chipmakers have created new challenges and issues.
“With the new geopolitical problems, if anything, it will become even more complex and challenging. Investments for new capacity are now underway, but there will probably still be a structural deficit in semiconductors up to and including 2023Askel assured.
Volkswagen’s change of position on the microchip crisis
Last February, Askel himself pointed out that microchip shortage could resolve itself this year. However, with only a few months to go before the end of 2022, the situation has not improved. This has changed Askel’s position.
Volkswagen has been doing everything possible to reduce the impact of shortages of components that are strictly necessary for car manufacturing. Despite the measures implemented, the company has been forced to adjust the activity in its production centers.
It has recently introduced an early warning system at its plant in Wolfsburg, Germany, designed to detect supply shortages before the problem moves up the assembly line. New agreements have also been established with other suppliers to guarantee, as far as possible, the supply of microchips.
Font: fortune