Traton hit by supply chain shortages, expects problems next year

Visitors stand at the stand of the truck unit of Volkswagen Traton Group, formerly Volkswagen Truck & Bus AG, in Hanover, Germany, September 19, 2018. REUTERS / Fabian Bimmer // File Photo

BERLIN, Sept. 22 (Reuters) – German truck maker Traton (8TRA.DE) said on Wednesday that September sales were hit particularly hard by a global shortage of chips and other auto parts, and that the company is ‘expected the shortage to continue over the next year.

“Global supply chains are running out of not only chips, but many other products… the situation is expected to continue this year and into the next year,” CEO Mattias Grundler said in a statement, adding that the lockdowns in Malaysia, a key supplier of chips, were the main cause of his troubles.

The warning follows a similar statement by Daimler (DAIGn.DE) CEO Martin Daum last Friday that stocks of unfinished vehicles were piling up as he struggled to get parts to fill orders. Read more

Automakers have struggled for months with shortages in the global supply chain forcing them to halt production and declining future revenue forecasts, with no clear sign of emerging from the crisis.

Reporting by Victoria Waldersee Editing by Tomasz Janowski

Our Standards: Thomson Reuters Trust Principles.

Source link

Comments are closed.