Buy
Sell
Share Name Share Symbol Market Type
Volkswagen AG XE:VOW XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -0.46% 172.15 172.45 172.15 176.85 171.70 175.85 26,150 16:45:00

Volkswagen's Skoda Stops Production at Czech Sites Due to Chip Shortage

16/09/2021 4:01pm

Dow Jones News


Volkswagen (XE:VOW)
Historical Stock Chart


From Jul 2021 to Jul 2022

Click Here for more Volkswagen Charts.

By Kim Richters

 

Volkswagen AG's Czech car maker Skoda said Thursday that it will stop production at two local plants for one week due to semiconductor shortages.

"Recent COVID-19 outbreaks in Asia, for example in Malaysia, are forcing semiconductor manufacturers to close their factories again. This has resulted in industry-wide adjustments to car production, and SKODA AUTO is also affected," the company said.

The auto maker said it will halt production lines at plants in Mlada Boleslav and Kvasiny in calendar week 39, which will lead to some vehicles being delivered late to customers.

"However, we expect that semiconductor production will gradually be ramped up again in the fourth quarter. As a result, we expect the overall supply situation to ease by the end of the year," Skoda said.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

September 16, 2021 10:46 ET (14:46 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Volkswagen Chart

1 Year Volkswagen Chart

1 Month Volkswagen Chart

1 Month Volkswagen Chart
ADVFN Advertorial
Your Recent History
XE
VOW
Volkswagen
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220704 20:46:35