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VW Executive Warns Car Industry as China-Netherlands Chip Dispute Threatens Production

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…

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Volkswagen is preparing staff for temporary plant closures due to the ongoing global semiconductor chip shortage.

Volkswagen Prepares Workers for Temporary Plant Shutdowns Amid Global Production Woes

German automaker Volkswagen (VW) is warning its employees about possible temporary plant closures. German newspaper Bild was the first to report this news. This move signals continuing trouble in the global car industry. The primary reason for the potential shutdowns is a severe shortage of semiconductor chips. VW’s production has been hit hard by these…

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