AGL 38.45 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 197.95 Decreased By ▼ -5.07 (-2.5%)
BOP 10.09 Decreased By ▼ -0.08 (-0.79%)
CNERGY 6.34 Decreased By ▼ -0.20 (-3.06%)
DCL 9.38 Decreased By ▼ -0.20 (-2.09%)
DFML 39.40 Decreased By ▼ -0.62 (-1.55%)
DGKC 98.25 Increased By ▲ 0.17 (0.17%)
FCCL 35.50 Increased By ▲ 0.54 (1.54%)
FFBL 87.00 Increased By ▲ 0.57 (0.66%)
FFL 13.64 Decreased By ▼ -0.26 (-1.87%)
HUBC 130.51 Decreased By ▼ -1.06 (-0.81%)
HUMNL 13.95 Decreased By ▼ -0.07 (-0.5%)
KEL 5.31 Decreased By ▼ -0.30 (-5.35%)
KOSM 7.42 Increased By ▲ 0.15 (2.06%)
MLCF 45.50 Decreased By ▼ -0.09 (-0.2%)
NBP 61.60 Decreased By ▼ -4.78 (-7.2%)
OGDC 215.99 Decreased By ▼ -4.77 (-2.16%)
PAEL 39.42 Increased By ▲ 0.94 (2.44%)
PIBTL 8.59 Decreased By ▼ -0.32 (-3.59%)
PPL 194.05 Decreased By ▼ -3.83 (-1.94%)
PRL 39.26 Increased By ▲ 0.23 (0.59%)
PTC 25.70 Increased By ▲ 0.23 (0.9%)
SEARL 104.98 Increased By ▲ 1.93 (1.87%)
TELE 8.73 Decreased By ▼ -0.29 (-3.22%)
TOMCL 36.26 Decreased By ▼ -0.15 (-0.41%)
TPLP 13.88 Increased By ▲ 0.13 (0.95%)
TREET 24.90 Decreased By ▼ -0.22 (-0.88%)
TRG 56.91 Decreased By ▼ -1.13 (-1.95%)
UNITY 33.25 Decreased By ▼ -0.42 (-1.25%)
WTL 1.64 Decreased By ▼ -0.07 (-4.09%)
BR100 11,779 Decreased By -110.9 (-0.93%)
BR30 36,773 Decreased By -583.7 (-1.56%)
KSE100 109,868 Decreased By -1202.8 (-1.08%)
KSE30 34,552 Decreased By -357.3 (-1.02%)

BERLIN: Volkswagen has produced just 300,000 cars at its main Wolfsburg plant so far this year, a company source with knowledge of the matter said, the lowest figure since 1958 and far behind its average output before the pandemic.

The plant, which makes cars from the Golf, Tiguan, and Seat brands among others, produced an average of 780,000 vehicles per year in the past decade and the company said in 2018 it aimed to boost this figure to a million.

But supply chain problems meant just under 500,000 vehicles made it off the assembly line in 2020. This year's output, first reported by Die Zeit weekly, is set to be even lower as the chip crisis sets in.

Volkswagen has previously said it would have a production shortfall in the high hundreds of thousands due to a lack of semiconductors, a problem plaguing automakers worldwide which the company expects to last well into 2022.

Volkswagen Plant Construction to start in Pakistan

A spokesperson said last week that discussions were underway to address the competitiveness of the Wolfsburg plant, which does not yet produce fully electric vehicles, particularly in the face of growing competition from new entrants such as Tesla.

The comments followed reports that Volkswagen CEO Herbert Diess had said at a supervisory board meeting in September that a delay in the transition to electric vehicles could cost the company 30,000 jobs - one in four of its current employees.

Comments

Comments are closed.