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Volkswagen Group warned that semiconductor shortages, supply bottlenecks, high commodity prices and the Russia-Ukraine conflict could hit growth in 2022, as the challenges facing the auto industry mount.

"The war in the Ukraine has put our existing outlook into question," CEO Herbert Diess said at the automaker's annual press conference on Tuesday.

Diess warned that commodity markets are likely to remain volatile until 2026.

He said VW had become more resilient through the coronavirus pandemic and under normal circumstances would have reason for optimism for 2022.



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Semiconductor Shortage And War Cool Volkswagen's Outlook for 2022

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