volkswagen ag expects inflation to ease later this year but warned there would be no significant improvement in the global semiconductor shortage chief financial officer arno antlitz told the wall street journal in an interview the german carmaker was wellhedged against inflation antlitz told the journal on monday adding that the company had mitigated the impact of raw material and component price increases through rigorous costcutting according to the report he said the current high inflation will be temporary but the company would continue to struggle with a tight supply of chips throughout the year advt volkswagen in december had said the chip crunch would continue to pose challenges to europes largest carmaker during at least the first half of 2022 while the year as a whole should show a slight improvement the tight chip supply has led automakers around the world to curtail vehicle production but has also driven up profit as vehicle prices risealso readomicron will extend chip shortage to 2022 although supply chain management has improved moodysover the past year capital expenditure from chip manufacturers has grown 15 and prices have also soared with annual price growth in double digits for many chip types helping to moderate demandsee more details reuters published on jan 11 2022 at 0730 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app volkswagen ag volkswagen cfo arno antlitz chip shortage impact on auto industry chip supply semiconductors crisis supply issues auto demand chip demand homenewsvolkswagen cfo expects inflation to ease and chip shortage to drag on