Volkswagen Says Chip Shortage Will Likely Extend to 2023

German vehicle manufacturer Volkswagen has said it does not anticipate chip shortages ending in 2023 and is instead gearing up for a “new normal” of supply-chain disruptions.Murat Aksel, head of procurement on the Volkswagen board, gave the bleak outlook in an interview with the German weekly Automobilwoche.
Aksel said that while the situation has improved somewhat, and “investments for new capacity are now on track,” there likely will “still be a structural shortfall in semiconductors up to and including 2023.”
Aksel noted tha …

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