Volvo Expects Up To A Month Of Chip Shortage Downtime

Sweden's Volvo AB (OTC: VLVLY) expects to take two to four weeks of manufacturing downtime this quarter as a shortage of microchips worsens. Ironically, a strike by 2,900 workers at Volvo's only manufacturing plant in North America could help the company move chips to other plants and forestall downtime. The first United Auto Workers walkout at the Volvo Trucks North America plant in Dublin, Virginia, since 2008 began last Saturday. No talks are expected until next Monday at the earliest.