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Stockholm (dpa) - The Swedish commercial vehicle manufacturer Volvo has warned of massive production problems due to the lack of semiconductors.
The rival of Daimler and the Volkswagen holding Traton will have to stop production in the truck plants starting in the second quarter due to the global shortage of chips, as the Swedes announced on Monday evening.
Overall, depending on the plant, the closing days probably added up to two to four weeks.
Volvo expects the glitches will weigh on results.
The supply chain for chips and other parts is very difficult to estimate and the further development is uncertain, said Volvo.
The situation also affects other businesses.
The price of the Volvo share fell by around 7 percent.
Other stocks like those of Daimler or Traton also suffered.
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The day before, Traton CFO Christian Schulz pointed out risks due to the pandemic and possible problems with chips.
Nevertheless, the VW Holding is aiming for a strong increase in sales and turnover.
Daimler also wants to significantly increase sales and revenue in the truck business.
In the past year, the market for new commercial vehicles almost came to a standstill due to the corona pandemic.
Incoming orders picked up again in the second half of the year.
© dpa-infocom, dpa: 210323-99-935173 / 2
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