Overview
- Germany’s economy ministry held a crisis meeting with automakers and suppliers and is coordinating with the Netherlands and EU partners on semiconductor shortages.
- Volkswagen is preparing to halt production of the Golf and then the Tiguan next week and is arranging short-time work, though it says near-term material stocks are sufficient.
- Mercedes-Benz says it does not expect short-term disruptions due to supplier coordination and safeguards put in place after the prior chip crisis.
- The Netherlands removed Nexperia’s CEO and placed most shares under an independent administrator using a special ‘availability of goods’ law, and the Dutch prime minister said the measures target the CEO’s unreliability.
- Bloomberg has reported Chinese export restrictions on Nexperia’s China operations and some subcontractors, with partial production slowdowns reported and analysts warning supply-chain impacts could spread within 10–20 days and persist for months.