By Markus Klausen 
 

Volkswagen AG is cutting production at its main plant in Wolfsburg due to a shortage of semiconductors, a spokesman for the German car maker said on Friday.

Volkswagen will only produce during one shift across all production lines at the site next week and introduce short-time work for all other shifts in Wolfsburg, said the spokesman.

"The ongoing strained supply situation of semiconductors continues to significantly disrupt global car production for all car makers," he said.

At 0742 GMT, preference shares in Volkswagen traded 2% lower at EUR191.00.

 

Write to Markus Klausen at markus.klausen@wsj.com

 

(END) Dow Jones Newswires

August 20, 2021 04:18 ET (08:18 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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