VW sees sales decline by one quarter amid microchip shortage

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DPA

German car company VW published disappointing numbers on Friday amid continuing issues with microchip supply. In May, the company sold 658,000 cars across the world, 23.5% fewer than in the same month of the year before. In the first five months of the year the company sold 3.07 million cars, a quarter less than last year. A lack of microchips is causing problems and sales in the important Chinese market are only now beginning to recover after Covid-19 lockdowns. However, VW manager Herbert Diess said he expects both the microchip situation and China sales to improve in the course of the year….

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