VW, Ford, Daimler fear chip shortage could persist for some time

Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021.

Matthias Rietschel | Reuters

Car manufacturers including Ford, Volkswagen and Daimler are still struggling to deal with the impact of the global chip shortage, with executives from each of the companies warning a lack of silicon is likely to remain a problem.

Volkswagen CEO Herbert Diess, Daimler CEO Ola Kallenius and Ford Europe chairman of the management board Gunnar Herrmann told CNBC’s Annette Weisbach at the Munich Motor Show on Monday that it’s hard to tell when the complex issue will be resolved.

Germany’s Volkswagen, Europe’s largest carmaker, has lost market share in China as a result of the chip shortage, Diess said.

“We are relatively weak because of semiconductor shortages,” he said. “We are hit more in China than the rest of the world. That’s why we are

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Widespread uncertainty causes 20% July drop in UK car production

A car salesman shows customers vehicles in a Vauxhall dealership in London on June 4, 2020, as showrooms in England reopened. Photo: Justin Tallis/AFP via Getty Images
A car salesman shows customers vehicles in a Vauxhall dealership in London on June 4, 2020, as showrooms in England reopened. Photo: Justin Tallis/AFP via Getty Images

The collapse in global demand for new cars caused by the coronavirus pandemic continued to drag on the UK automotive sector in the month of July, with car production down 20.8% compared to July 2019.

The latest data released by the Society of Motor Manufacturers and Traders (SMMT) shows that 85,686 vehicles were manufactured last month.

While production lines at nearly all of the UK’s car plants were rolling again, severe economic uncertainty surrounding the pandemic and social distancing measures at dealerships put a dampener on demand.

“As key global markets continue to re-open and UK car plants gradually get back to business, these figures are a marked improvement on the previous three months, but the outlook remains deeply uncertain,” said SMMT chief

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