Today news
About the same in other media
Volkswagen and Stellantis take financial hit amid chip shortage
Reading now: 192
The carmakers Volkswagen and Stellantis suffered financial hits in the third quarter of 2021 as the automotive sector continued to struggle with the global shortage of computer chips caused by coronavirus pandemic disruption.
Operating profits at Volkswagen, the world’s largest carmaker by output, fell by €500m in the third quarter of 2021. It made €2.8bn (£2.4bn) before one-off items between July and September, down from €3.2bn in the same period last year.
Stellantis, formed from a merger of Fiat and Peugeot in January, reported a 14% decline in revenues as it produced 600,000 fewer vehicles than planned because of the chip shortage.
Car companies around the world have been badly hit by the persistent shortage of computer chips, which are
Read more on theguardian.comAbout this in other media
Cineworld revenues pass pre-Covid levels thanks to Bond, Dune and Venom theguardian.com /2 years ago
Shell to move HQ and tax home from Netherlands to UK theguardian.com /2 years ago
Half of Tory ex-ministers take jobs in sectors relevant to former department theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
