VW Executive Warns Car Industry as China-Netherlands Chip Dispute Threatens Production
A key executive at Volkswagen AG has urged a swift diplomatic solution to a trade stand-off between China and the Netherlands involving chipmaker Nexperia BV. The dispute stemmed from the Dutch government seizing control of Nexperia on national-security grounds. In response, China banned exports of the company’s chips, which carmakers like Volkswagen rely on. Olaf…