- Volkswagen AG VLKAF VWAGY expect a production hit for three segments of its Mexican unit from June onward due to the semiconductor chip crisis joining the likes of General Motors Co GM, Ford Motor Co F and Toyota Motor Corp TM, Reuters reports.
- Nissan Motor Co Ltd NSANY, Suzuki Motor Corp SZKMY, and Mitsubishi Motors Corp MMTOF have also met with a similar fate.
- Volkswagen will initiate maintenance work at its installations during the slack period.
- The German automaker expects the crisis to ensue in the upcoming months.
- Price action: VWAGY shares closed at $33.55 on Friday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
