Volkswagen is sounding an alarm about 2023.
Yesterday they reported a 6.8% drop in sales in 2022 and warned that they expect the effects of the chip shortage to persist through 2023.
Not for lack of trying or demand. Order books are up 18% in Europe, and VW is working to deliver, but the invasion of Ukraine has added complications to complications across the continent.
At home in Germany, Volkswagen is facing a possible court case.
Sending a message? A Greenpeace lead suit would demand the automaker tighten its emission reduction targets to include a ban on ICE cars and cut emissions by 65% from 2018 levels by 2030. A German district court said the case was admissible but unlikely to succeed.
