Volkswagen has secured chip supply for now, brand boss says

BERLIN (Reuters) -Volkswagen has secured sufficient chips for its production, the head of the carmaker's VW brand said on Tuesday, as other automotive firms still struggle with a supply shortage triggered by a trade dispute over manufacturer Nexperia.

Thomas Schaefer, head of the Volkswagen brand and member of the carmaker's management board, said that Europe's largest automaker had learned a lot from the chip crisis following the COVID-19 pandemic.

"We're secure at present," he said on the sidelines of an industry event when asked about the current shortage of Nexperia chips.

(Reporting by Rachel More; Writing by Christoph Steitz; Editing by Jan Harvey)