This content is not available in your region

Volkswagen cuts working hours at German site until mid-October

Europe's top carmakers count mounting cost of chip crunch
Europe's top carmakers count mounting cost of chip crunch   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">FRANKFURT</span> – Volkswagen, which is suffering from an ongoing shortage of automotive chips, will cut working hours at its main German factory in Wolfsburg until the middle of October, it said on Wednesday.</p> <p>The shortened working hours affect the first two weeks of October, the company said, adding that on Oct. 1 only one assembly line would be running at the plant, located at the carmaker’s headquarters.</p> <p>Carmakers around the world have had to cut or adjust production in the wake of the shortage, which Volkswagen has said cost it a high six-digit number in lost vehicle production in the first half of the year.</p> <p>Volkswagen is due to report third-quarter results on Oct. 28.</p> <p/> </div>