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Volkswagen and Stellantis take financial hit amid chip shortage
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The carmakers Volkswagen and Stellantis suffered financial hits in the third quarter of 2021 as the automotive sector continued to struggle with the global shortage of computer chips caused by coronavirus pandemic disruption.
Operating profits at Volkswagen, the world’s largest carmaker by output, fell by €500m in the third quarter of 2021. It made €2.8bn (£2.4bn) before one-off items between July and September, down from €3.2bn in the same period last year.
Stellantis, formed from a merger of
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