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VW says supply chain problems are becoming the norm

Europe’s largest carmaker downgrades delivery targets citing lack of parts

Volkswagen has warned that supply chain hold-ups are becoming a permanent problem and downgraded its delivery targets citing a lack of parts that has left it with 150,000 unfinished cars.

Europe’s largest carmaker on Friday said it would deliver as many cars this year as last, backtracking from a target of 5 to 10 per cent growth that it had announced in the summer.

“Challenges to our supply chains will become the rule, not the exception,” said chief executive Oliver Blume in his first earnings call since taking over nearly two months ago.

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