Volkswagen expects tight chip supply in coming months, sees a better 2nd half on 2021

Volkswagen AG, the Wolfsburg-based German automotive industry giant which had sold off the highest volume of passenger cars despite a global-scale demand-crunch for two successive years before the onset of pandemic outbreak, said on Saturday that the German carmaker was expecting a current chip shortage to linger further deep into the year, however, had forecasted a somewhat better second-half of the year.