Diess additionally mentioned that Europe faces large menace of upper inflation from extended battle in Ukraine.
VW didn’t instantly reply to a Reuters request for remark.
European automakers together with VW, Porsche, BMW, and Mercedes-Benz are struggling to acquire crucial wire harnesses as suppliers in western Ukraine have been shuttered by Russia’s invasion, forcing them to curtail manufacturing.
VW brought forward a production stop at its dwelling manufacturing facility in Wolfsburg because of components shortages.