April 26, 2024

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The Ultimate Driving Machines

Volvo CEO warns of ‘big risk’ in Q1 from chip shortage

STOCKHOLM — Volvo Cars and trucks has not endured from the world semiconductor scarcity, but the automaker’s CEO claimed threats linger from a difficulty that has now forced many automakers to quickly cut output.

CEO Hakan Samuelsson claimed Volvo’s semiconductor offer has been secured for the future 4 months.

“So, short-term no disturbance … But there is of course a huge threat that it could occur here for the duration of the very first quarter. But it is incredibly tricky to forecast,” Samuelsson instructed Reuters.

Talks on a potential merger with sister organization Geely Auto are continue to on maintain as Geely operates to record its shares on Shanghai’s New Star Market place, Samuelsson claimed, incorporating he predicted to occur back again with additional details in the very first quarter.