Global Chip Shortage Sparks Industry Concerns and Production Risks
Volkswagen's CEO Oliver Blume announced that the company currently has enough chip supply, despite ongoing global shortages and a Chinese export ban on finished products from Nexperia, which affects European automakers. Blume emphasized the fragility of the current chip crisis and called for a swift political solution. Meanwhile, Porsche faces significant challenges with declining sales in China and U.S. tariffs, leading to a substantial third-quarter loss, but expects a positive trend from 2026. Blume also plans to step down as Porsche CEO in 2026, with Michael Leiters as his successor.
