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Volkswagen keeps outlook despite supply chain woes

Volkswagen, Europe's top carmaker, has today stuck to its outlook for the current year after its global production network helped it offset supply chain disruptions caused by the war in Ukraine and the coronavirus pandemic.
Business • 04 May 22

Strong demand lets Mercedes-Benz hike prices

Mercedes-Benz said it expects strong demand for high-end cars to allow it to offset rising raw material and transport costs with higher prices, forecasting a pick-up in deliveries once chip shortages ease.
Business • 27 Apr 22

Record low January car sales in European Union

New car registrations in the European Union hit a record low for the month of January, according to industry data released today, as the sector continues to be hamstrung by a lack of semiconductors.
Business • 17 Feb 22

Volvo Cars reports 30% sales drop as chip shortage hits

Geely-owned Volvo Car Group's monthly sales fell 30.2% from a year ago in September, dented by the global component shortage, the Sweden-based automaker said today.
Business • 04 Oct 21

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