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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW3 | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.30 | 1.12% | 117.55 | 117.30 | 117.80 | 118.00 | 116.10 | 116.65 | 90,761 | 22:50:02 |
From May 2021 to May 2024
By Kim Richters
Volkswagen AG's namesake brand will temporarily stop accepting orders in Germany for plug-in hybrid models due to the shortage of semiconductors.
The German car maker is seeing strong demand for these vehicles, which leads to a high order backlog, a spokesman said on Tuesday. Due to the demand in combination with the restricted supply of semiconductors, Volkswagen is unable to accept further orders in Germany to avoid having to extend delivery times, he said.
German business daily Handelsblatt first reported the order stop, citing chip-supply problems, effects from the war in Ukraine and uncertainty about future incentives for hybrid cars.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 08, 2022 09:16 ET (14:16 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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