The automotive industry was badly damaged by the pandemic and the supply chain problems that followed. While waiting for this crisis, which has been going on for almost two years, to come to an end gradually, there are statements to the contrary from brands.
While a relief is expected in all sectors with the decrease of the effects of the pandemic, it seems that the chip crisis in the automotive industry will be with us for a while. According to Volkswagen’s statement, this crisis will continue in the coming years.
The chip crisis in the automotive industry will continue until 2025!
VW’s Chief Financial Officer Arno Antlitz stated in an interview that the semiconductor supply will improve this year and in 2023, but not fully until 2025. He said Antlitz believes the problems will continue into 2024 as chip manufacturers cannot cope with the increasing demand.
BMW CEO Oliver Zipse has recently made a similar move. had made a statement. The manager made the following statements in his statement:
I expect we will start to see improvements over the next year, but we will still have to deal with a fundamental shortcoming in 2023.
Both BMW and VW had to stop production for a few days recently due to supply shortages. Antlitz said suppliers are working in one shift, limiting supply. For this reason, the manager states that Volkswagen had to find alternative suppliers to meet the demand, but underlines that this is only a temporary measure.
In addition, European automobile manufacturers are looking for alternatives to fuels imported from Russia. Some automakers are worried about huge increases in energy costs. When energy costs are added to the chip crisis, it is not difficult to predict how automobile prices will be affected.
It seems that the problems in the automotive industry will not end anytime soon. So what do you think about these problems? You can share your views with us in the comments section or on the SDN Forum.
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