VW Group can contain the consequences of the chip crisis: high profit
Created: 03/11/2022, 18:54
The Volkswagen logo on an electric car.
© Sina Schuldt/dpa/symbol image
The Volkswagen Group was able to contain the financial consequences of the 2021 chip crisis and earned significantly more.
The bottom line is that, based on preliminary figures, the profit of Europe's largest car group rose by almost 75 percent to 15.4 billion euros compared to 2020 - despite serious difficulties at times due to the lack of semiconductors.
As the Wolfsburg company announced on Friday evening, sales also increased after the corona-related sales problems of the previous year.
Wolfsburg - It grew by 12.3 percent to 250.2 billion euros.
In contrast, the number of vehicles handed over to customers within the Group and worldwide slipped by 4.5 percent to just under 8.9 million.
The entire Toyota group managed about 10.5 million, taking the lead again in terms of sales.
However, the demand for all-electric and hybrid cars developed well for the VW brands.
Bottlenecks in the supply of electronic components have weighed heavily on the industry in recent months.
The shortage is likely to continue for a while.
Even after the first two months of this year, the VW Group reported a decline in deliveries - it went down by around a sixth to 1.24 million cars.
The core brand had to impose an order freeze for plug-in hybrids.
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dpa