Volkswagen assessing risks amid Nexperia dispute

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Reuters

The Volkswagen AG (VW) logo sits on display at the car maker's headquarters in Wolfsburg, Germany, on Thursday, March 12, 2020. The outlook is darkening for everyone from market leader Volkswagen AG to Tesla Inc. and smaller local contenders that were already battling an unprecedented slump before the coronavirus outbreak.
Volkswagen is working to identify potential risks in its supply chain resulting from a trade and intellectual property row over the Chinese-owned computer chip maker Nexperia, a spokesperson for the German carmaker said on Thursday. (Krisztian Bocsi/Bloomberg via Getty Images)

Volkswagen is working to identify potential risks in its supply chain resulting from a trade and intellectual property row over the Chinese-owned computer chip maker Nexperia, a spokesperson for the German carmaker said on Thursday.

The spokesperson said Nexperia was not a direct supplier of Volkswagen Group but some of the company’s parts are used in its vehicle components.

“At this time, our production is unaffected. We are in close contact with all relevant stakeholders in light of the situation to identify potential risks at an early stage and to be able to make decisions regarding any necessary measures,” the spokesperson said.


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