Large automakers fear that the global chip shortage could continue for some time and the Shortage is said to have been exacerbated by the switch to electric vehicles. In addition, now there are other shortages of raw materials that automakers have to cope with. This also has an increasing effect on the Shares of automakers from. Bosch, the world’s largest automotive supplier, considers semiconductor supply chains in the automotive industry no longer up-to-date.

Automakers such as Ford, Volkswagen and Daimler still struggling with the impact of global chip scarcity, with the executives of each of the companies warning that a Lack of silicon is likely to remain a problem.

Ad

Volkswagen CEO Herbert Diess, Daimler CEO Ola Kallenius and Ford Europe CEO Gunnar Herrmann told CNBC’s Annette Weisbach on Monday at the Munich Motor Show that it it is difficult to say when the complex problem will be solved.

Volkswagen loses market share in China

Volkswagen (Europe’s largest carmaker) has lost market share in China due to the chip shortage, said Herbert Diess.

“We are relatively weak due to the semiconductor shortage. We are more affected in China than the rest of the world. That’s why we’re losing market share.“

Herbert Diess went on to say that his colleagues in China had pushed for more semiconductors and described the shortage of chips as “really big concern“.

Volkswagen logoAfter the summer holidays, the Wolfsburg-based company expected a Improvement of the semiconductor situation, but that was not the case. Malaysia, where many of Volkswagen’s suppliers are based, has been hit hard by the coronavirus in recent weeks, leading to several plant closures led to.

Herbert Diess believes that the problems with the chip shortage will gradually dissolveif countries continue to reduce the transmission of Covid – 19, but he assumes that it for some time there will be a general shortage of semiconductors.

“We will face a general shortage of semiconductors because the Internet of Things is growing so fast that there will be limitations that we are trying to cope with”

The commodity crisis and automakers

Volkswagen ExhaustGunnar Herrmann of Ford Europe, meanwhile, estimates that the Chip shortage could last until 2024, and adds that it is difficult to say exactly when it will end. The shortage is said to have been exacerbated by the switch to electric vehicles. For example, a Ford Focus typically uses about 300 chips, during one of the new Electric vehicles from Ford can have up to 3,000 chips.

Apart from chips, there are now other bottlenecks to fight with. Ford is facing a “new commodity crisissaid Gunnar Herrmann.

It’s not just semiconductorshe said, adding that Lithium, plastics and steel are relatively scarce. „You find bottlenecks or restrictions everywhere.“

Gunnar Herrmann is convinced that car prices will increase with rising raw material prices. Despite the imbalances, however, he said that the order intake of Ford Europe “fantastic“be and “the demand is actually extremely strong“.

The supply chain of chips for the automotive industry is no longer fit for purpose

Ola Kallenius from Daimler hopes that the third quarter of the “Low point“of disturbances. „This seems to be the quarter that will be most affected by thishe said. He continued::

We hope to rise again in the fourth quarter. But there is a certain uncertainty that we have to deal with in our production system. It must remain flexible.“

Car from the future-Future Concept-E autoWhich Chip shortage has affected the automotive industry like no other. Assembly lines were shut down and some Cars are now shipped without features based on semiconductors.

Porsche delivery could be due to chip shortage up to a “half year“ last, says the CEO. In the United Kingdom, the Car production hits a new low in July and thus marked the worst July performance for the industry since 1956.

The German technology and mechanical engineering group Bosch, the world’s largest automotive supplier, considers semiconductor supply chains in the automotive industry no longer up-to-date.

Harald Kröger, a member of the Bosch board of Management, told CNBC last month that the Supply chains collapsed last year as demand for chips in cars, PlayStation 5 and electric toothbrushes increased globally.

Porsche, Skoda and Seat and the chip shortage

Porsche E-CarThe CEOs of Porsche, Skoda and Seat said on Tuesday that they too in semiconductors, feel the pinch. Porsche CEO Oliver Blume told CNBC that the Chip squeeze leads to delays in the production line and he hopes that the problem will be solved soon. „We have the situation of semiconductors and therefore the waiting time is longer than normalsaid Flower, adding that some customers would wait half a year or more.

Thomas Schäfer, CEO of Skoda, told CNBC that Skoda is aware of the closures of the semiconductor factory in Malaysia “enormously affected“ be. „Once this is done, hopefully in the next 4-5 weeks, there is also a fundamental shortcoming that will probably continue until 2022he continued.

Wayne Griffiths, CEO of Seat, told CNBC that the Semiconductor shortage currently a challenge for all brands. „We prioritize our Cupra models and our electric cars with semiconductors, to ensure that delivery times remain acceptable theresaid Griffiths.

Last updated on September 8, 2021

Top Brokers for buying and trading cryptocurrencies

  • Buy Real Bitcoin or Bitcoin CFDs
  • Wallet and Exchange in one
  • 14 + Cryptos
  • Excellent Trading Tools
  • Large knowledge and training database
  • Very good spreads

4.7/5

76.8% of CFD accounts lose money.

Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.