The Volkswagen Group is expecting further disruption to production as a result of Russia’s invasion of Ukraine and is considering expanding production on continents, it has said at its annual conference.
The German automotive giant – whose revenue grew by 12.3% in 2021 despite it selling 2.3 million fewer vehicles year on year – has been heavily impacted by the war creating shortages of Ukrainian-made parts.
Volkswagen said it's building a ”taskforce” of 150 people, which is working hard to mitigate the current situation and select alternative parts suppliers.
