Advertisement
UK markets closed
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • CRUDE OIL

    83.06
    +1.71 (+2.10%)
     
  • GOLD FUTURES

    2,240.80
    +28.10 (+1.27%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • Bitcoin GBP

    56,057.40
    +1,476.79 (+2.71%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    16,379.46
    -20.06 (-0.12%)
     
  • UK FTSE All Share

    4,338.05
    +12.12 (+0.28%)
     

Porsche can not rule out production cuts over chip shortage -Handelsblatt

FILE PHOTO: A logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels

FRANKFURT (Reuters) - Volkswagen's luxury sports car unit Porsche AG might have to adjust production to reflect an ongoing shortage of crucial automotive chips, Handelsblatt reported.

"We cannot rule out that we will lower the volume of some models in the near future," the company was quoted as saying by Handelsblatt, without giving more details.

The lack of semiconductors, which has roiled the global car sector, caused General Motors Co to announce earlier on Thursday extended production cuts at some of its North America factories.

Porsche AG parent Volkswagen said it expects chip supply to remain tight in the coming months, adding it could not provide a visibility for the full year.

(Reporting by Christoph Steitz; Editing by Kirsten Donovan)