Daimler, Volkswagen cutting working hours at some of their plants - chip shortage

Reuters and the report on Tuesday (Europe/US time) so its not 'breaking', posting as an FYI.

Daimler reducing working hours this week at its Bremen and Rastatt plants

Volkswagen will cut working hours at its Wolfsburg factory next week

Last week the head of VW sai the firm was in "crisis mode" over the shortage

• the impact would intensify
• would hit profits this quarter