Long waits for new cars and stripped-back equipment lists could be with us until 2024, according to one Volkswagen Group executive.

Speaking with Automotive News Europe, Volkswagen Group finance boss Arno Antlitz said the semiconductor shortage afflicting carmakers isn’t close to finishing up, due to “a structural undersupply in 2022, which is only likely to ease somewhat in the third or fourth quarter”.

“The situation should improve in 2023, but the structural problem will not yet have been fully resolved,” Mr Antlitz told Automotive News.

Carmakers are currently battling an unprecedented combination of challenges when it comes to production.

For more go to https://www.carexpert.com.au/car-news/chip-shortage-could-last-until-2024-according-to-volkswagen

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