FRANKFURT (Reuters) – Volkswagen will cut working hours at its Wolfsburg factory next week, a spokesman said, as the carmaker continues to suffer from an ongoing shortage of crucial semiconductors that has already impacted production earlier this year.
Chief Executive Herbert Diess last month said Europe’s top carmaker was in “crisis mode” over the shortage, adding the impact of the shortage would intensify and hit profits in the second quarter, which ends in two weeks.
(Reporting by Christoph Steitz; Editing by Arno Schuetze)
