Volkswagen, which has withdrawn from the Russian market, is reportedly working on a new growth plan. It is stated that the reason behind this decision is the effect of war and problems in the supply chain.
After Russia’s invasion of Ukraine, many global companies decided to leave the Russian market in order to show their reaction; One of these companies is the automobile giant. Volkswagen (VW) had happened. However, as you can imagine, exiting the market of a country like Russia, where a large amount of income comes from, is beneficial for companies. very severe economic consequences it can happen.
Accordingly, Volkswagen, which stopped production in its factories in Russia, now has a new growth plan reportedly working on it. According to a recent LinkedIn post by VW Group CEO Herbert Diess, the decision was made after Volkswagen left the Russian market. supply chain issues is located.
Geopolitical changes and chip shortages push VW to new growth plans
In the post in question, Diess said that the recent geopolitical changes and the devastating effects of the war, especially across the USA, the global fragility expresses that. All these developments have deeply shaken the automotive industry as it affects every sector, and companies are looking for new solutions to this problem.
VW, not only because of the occupation of Ukraine, but also semiconductor chip shortage has been experiencing supply chain problems recently. Compared to the previous year, deliveries in March 37 percent The fact that it was reported to have fallen also shows the serious dimensions of the problem.
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While the situation in Ukraine delayed the launch of the ID.5 by a month due to VW’s reliance on some parts made in Ukraine; The tense relationship with China, the sales in the East makes it difficult to increase. For this reason, VW’s target of 100,000 electric vehicle sales is 20 percent It is stated that this ratio cannot be achieved. Considering that China accounts for 40 percent of all VW sales and people here are much more willing to embrace electric cars, that’s good for the company. a great loss means.
Noting that VW’s plan is not ready yet, Diess said that in the coming weeks more details says it will be shared.
Source :
https://carbuzz.com/news/vw-has-a-plan-to-reduce-the-impact-of-future-wars