Volkswagen managed record profits in the first half of 2021.
The German automaker expects difficulties in this third quarter into September.
Volkswagen estimates that they’ve so far lost a high six-digit number of vehicles due to the ongoing global microchip shortage. While they don’t specify which models’ production lines were slowed, they did note that they are favoring their Audi and Porsche brands as they are far more profitable.
In fact, business has been good for the VAG as the first half of 2021 has generated record profits. According to Automotive News’ report, this may be temporary.
“In spite of all this success, we are well-advised to keep both feet on the ground,” Porsche CFO Lutz Meschke said. “Because regardless of the uncertainties of the coronavirus pandemic, the continuing tense situation on the semiconductor market could become noticeable in the third quarter.”
Audi continues to try and work around the looming issue however they are realistic when it comes to the critically low supply situation.
“Audi continues to work intensely on counter-measures, but in view of the continuing shortage it is not expected to be possible to compensate in full in the course of the year for lost production,” it said.