BERLIN — Volkswagen Group expects growth in the autos market next year despite the worsening economic outlook as order books showed ongoing high demand was being stifled by supply chain shortages, CEO Arno Antlitz said.
The automaker had almost fully compensated for the rising energy and inflation costs this quarter by cutting fixed costs, Antlitz added, helping it keep its margin target despite forecasting lower deliveries than previously expected.
CEO Oliver Blume also said that the company remained committed to Level 4 autonomous driving despite exiting from its partnership in self-driving startup Argo AI and would decide in the coming month whether to proceed with a new partner is was currently testing out.
This article was originally published by Autonews.com. Read the original article here.
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