Volkswagen says might have to cut production further due to chip shortage

Volkswagen logo. Credit: Reuters File Photo

Volkswagen may need to cut production further due to a semiconductor supply bottleneck, the German carmaker said on Thursday.

Volkswagen expects the situation to improve by the end of the year and aims to make up for production shortfalls in the second half as far as possible, the company told Reuters.

Rival Toyota will reduce global production for September by 40% from its previous plan, the Nikkei business daily reported on Thursday.

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