New gabs will be in production

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2021-09-16

New gabs will be in production in 2023

Volkswagen Says Chip Crisis Won’t Ease Until Second Half of 2022

The head of Volkswagen AG’s Americas business doesn’t see U.S. auto production returning to normal l

Volkswagen Says Chip Crisis Won’t Ease Until Second Half of 2022

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It’s also preparing the Tennessee plant to produce the ID.4, its debut electric SUV, next June.</p>\n<p>The Chattanooga facility has been running at full capacity -- when it has chips -- and is planning to add more workers to further boost production, according to Johan De Nysschen, the chief operating officer of Volkswagen’s Americas business.</p>\n<p>The pandemic exposed a “structural gap” between chip production and demand, and the disruption from the virus has only exacerbated the imbalance, Keogh said. But it hasn’t been all bad for automakers.</p>\n<p>Tight inventory has led to soaring prices and minimal incentive spending, padding the companies’ bottom lines. That helped Volkswagen’s U.S. business turn a profit in 2020 for the first time in eight years, Keogh said, following a revamp of its lineup from sedans to SUVs.</p>\n<p>When semiconductor shortages eventually ease, Volkswagen plans to keep fewer cars on dealer lots, because it has proved to be more profitable for manufacturers and dealers, Keogh said.</p>\n<p>“Going back to the days of having 100 to 120 days’ supply is not going to happen,” he said. “Now, people have 30 to 40 days’ supply and it’s working quite fine. 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It’s also preparing the Tennessee plant to produce the ID.4, its debut electric SUV, next June.\nThe Chattanooga facility has been running at full capacity -- when it has chips -- and is planning to add more workers to further boost production, according to Johan De Nysschen, the chief operating officer of Volkswagen’s Americas business.\nThe pandemic exposed a “structural gap” between chip production and demand, and the disruption from the virus has only exacerbated the imbalance, Keogh said. But it hasn’t been all bad for automakers.\nTight inventory has led to soaring prices and minimal incentive spending, padding the companies’ bottom lines. That helped Volkswagen’s U.S. business turn a profit in 2020 for the first time in eight years, Keogh said, following a revamp of its lineup from sedans to SUVs.\nWhen semiconductor shortages eventually ease, Volkswagen plans to keep fewer cars on dealer lots, because it has proved to be more profitable for manufacturers and dealers, Keogh said.\n“Going back to the days of having 100 to 120 days’ supply is not going to happen,” he said. “Now, people have 30 to 40 days’ supply and it’s working quite fine. 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