Porsche expects another record year for sales despite chip shortage

© Reuters. FILE PHOTO: The Porsche logo is seen on a wheel of the 2020 Porsche 911 Speedster as it is revealed at the 2019 New York International Auto Show in New York City, New York, U.S, April 17, 2019. REUTERS/Brendan McDermid

BERLIN (Reuters) – Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche.

“When I look at the current orders, I’m confident for 2022. Growth in sales could reach a similarly high level this year as in 2021,” Detlev von Platen said in an interview with the magazine.

Sales at Porsche, part of Volkswagen (DE:), rose 11% last year to 301,915 which would mean they could reach more than 335,000 this year if growth maintains the same pace.

Van Platen said Porsche wanted to hire 400 more workers. The carmaker has a workforce of nearly 40,000.

The high demand was leading to longer delivery times, he said.

“Wait times can last several months, in some cases up to a year,” von Platen said.

Carmakers around the world have been hit by a shortage of semiconductors caused by COVID-19 supply-chain disruptions as well as soaring semiconductor demand at consumer electronic companies.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*