For the second quarter, Volvo Cars sees the situation increasingly critical. Production in many plants will be temporarily cut back. The reason for this is a lack of semiconductor components, which not only affects Volvo. Other Swedish brands are also suffering from it, sometimes more so than the manufacturer from Gothenburg.
The semiconductor crisis
Volvo is Sweden's largest private employer and so far it has come through the semiconductor crisis well. While production has already been reduced for the plants in China, Belgium and the USA, the Swedish plants have not yet been affected.
But the situation is becoming increasingly critical, as CEO Håkan Samuelsson im Interview said. Volume adjustments in the next few weeks will be inevitable for individual models. It is still assumed, however, that Swedish production will not come to a standstill.
So far, not every manufacturer has come through the crisis so well that there seems to be no quick end in sight. AB Volvo, manufacturer of trucks, has announced a complete production stop that will last two to four weeks. A hard blow for the producer. Meanwhile, Scania AB has been navigating safely through the problematic environment. Production is currently continuing undisturbed.
Samuelsson does not expect the crisis to end quickly. The plans are short-term and can only be made a few weeks in advance. It alone seems certain that Volvo will produce fewer cars than planned and perhaps requested by the customer.