Volkswagen says supply jams here to stay as earnings stagnate

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German automaker Volkswagen reported stagnated earnings in the third quarter and warned of supply bottlenecks, blaming barriers to technology transfers between East and West

Expects deliveries in line with 2021, keeps margin outlooksaid supply chain troubles were the new norm as it reported stagnated earnings in the third quarter, but the carmaker still expects growth in the autos market next year as some bottlenecks look likely to ease.

But a planning round scheduled for November had been postponed because of changing "economic realities", Chief Financial Officer Arno Antlitz said, with the next strategy updates to come in March 2023. No brand is specifically being readied for an IPO, Blume added, stating this was simply a strategy to highlight value hidden in the conglomerate.

 

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