VW’s Truck Unit Expects Significant Sales Hit From Chip Shortage

A visitor takes a smartphone photograph of a wafer sorting machine operating during the manufacturing process inside the new Infineon Technologies AG chip factory in Villach, Austria, on Thursday, Sept. 16, 2021. Infineon Chief Executive Officer Reinhard Ploss said the fully automated factory is expected to generate revenue of €2 billion per year. Photographer: Akos Stiller/Bloomberg , Bloomberg

Christoph Rauwald, Bloomberg News

Sep 22, 2021

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(Bloomberg) --

Volkswagen AG’s truck division Traton SE became the latest manufacturer to warn the global shortage of semiconductors chips has jeopardized its deliveries.

Unit sales in the third quarter will be significantly lower than planned, the truckmaker said in an emailed statement. Supply bottlenecks are expected to continue into and beyond the fourth quarter.

Traton’s parent VW, Daimler AG and rivals outside Germany including Toyota Motor Corp. have braced investors for a downbeat upcoming quarterly earnings season after Covid-19 outbreaks in Southeast Asia further crimped chip supplies. The chief executives of VW and Daimler recently warned shortages could continue for months or years to come.

Traton comprises the Scania and MAN vehicle brands as well as U.S. manufacturer Navistar International Corp. 

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