The chip crisis is gaining momentum and production is limited to two or even three weeks by Mercedes-Benz in Hungary and BMW in Germany. There is no indication that the semiconductor shortage situation should improve this year.

One of the world's top car managers and the head of Stellantis was also skeptical about the chip crisis. He assumes that the global shortage of chips, which significantly reduced car production this year, an will persist even in 2022. The Volkswagen Group is also doubtful. He claims that the crisis is not improving. According to the group's representatives, the shortage of chips and semiconductors could even intensify in the coming months. Representatives of the group also pointed out the difficulties with solving this problem and the associated increase in the prices of raw materials and new cars.

Analysts estimate that the chip crisis, or rather the shortage of semiconductors, will cause approximately 4 to 5 million fewer cars to be produced globally this year than the carmakers planned. They will have to count billions of euros in damage at the end of the year.

Performance of Volkswagen (Source: Investing.com)