Volvo Cars’s chief executive officer offered an unusually candid take on the chip shortage stifling the global auto industry, airing frustration about the supply issue before a potential stock listing.
The Chinese-owned Swedish carmaker reported record first-half results Friday, including a 41% surge in vehicle sales. While CEO Hakan Samuelsson expects deliveries to be roughly flat in the second half, he said scarce semiconductor supplies are to blame for the lack of growth.
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July 23, 2021 at 02:13PM
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'Really Annoying' Chip Shortage Constrains Volvo Before IPO - Bloomberg
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