Thursday, September 29, 2022
News Volkswagen Predicts Global Microchip Shortage to Last Into 2024

Volkswagen Predicts Global Microchip Shortage to Last Into 2024

Delivery delays and plant stoppages are not about to end according to Volkswagen

  • The shortage has, at one point or another, forced automakers to idle production.

  • The situation should steady in 2023 and might return to business as usual come 2024.

The global microchip supply problem has wreaked havoc in the automotive industry. It has forced all automakers to cancel shifts, stop production, and even delay deliveries of new vehicles for roughly 18 months. Based on Volkswagen’s CFO’s predictions, we’re not out of the woods yet.

Volkswagen Will Severely Cut ICE Output in Favour of Quality

The Volkswagen Auto Group (Volkswagen, Audi, Seat, Porsche, etc) has had to disrupt new vehicle production in Europe and North America due to the chip shortage. This year will continue to be a mess with some improvements in 2023. The scale of the current situation means that a resolution will not come until 2024.

“We see a structural undersupply in 2022, which is only likely to ease somewhat in the third or fourth quarter,” said Arno Antlitz, Volkswagen’s Chief Financial Officer, as reported by Automotive News. “The situation should improve in 2023, but the structural problem will not yet have been fully resolved. We are still in the height of the chip shortage,” Zipse was quoted as saying. “I expect us to start seeing improvements at the latest next year, but we will still have to deal with a fundamental shortage in 2023.”

The war in Ukraine is also disrupting part supplies.

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Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


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