VW CEO Expects 2022 to Be ‘Much Better Year’ Than 2021
Volkswagen AG sales dropped to the lowest in a decade last year after the global semiconductor shortage hampered the German manufacturer’s auto output.
Group deliveries fell 4.5 per cent to 8.88 million vehicles -- the fewest since 2011 -- after the components shortage battered production despite robust orders, Volkswagen said Wednesday. The company is worse off than many of its peers including BMW AG, which took the luxury-sales crown from Daimler AG’s Mercedes-Benz after better navigating the bottlenecks.
Automakers from Volkswagen to Stellantis NV are hoping the supply-chain snarls will gradually ease this year but have warned chip supply will remain tight in the first half. Mercedes said last week it will keep in place a task force to help ease any bottlenecks that risk disrupting production.
Volkswagen’s weak sales in Europe and Asia overshadowed growth in North America, where deliveries jumped 16 per cent after demand roared back from the initial onslaught of the pandemic. Sales in China, Volkswagen’s largest market, dropped 14 per cent.
Battery-powered cars were a rare bright spot. Volkswagen’s electric-vehicle deliveries nearly doubled to 452,900 units, with the company saying it’s the market leader in Europe and the No. 2 in the U.S.