BERLIN — Volkswagen Group expects progress within the autos market subsequent yr regardless of the worsening financial outlook as order books confirmed ongoing excessive demand was being stifled by provide chain shortages, CEO Arno Antlitz stated.

The automaker had virtually absolutely compensated for the rising power and inflation prices this quarter by reducing fastened prices, Antlitz added, serving to it maintain its margin goal regardless of forecasting decrease deliveries than beforehand anticipated.

CEO Oliver Blume additionally stated that the corporate remained dedicated to Stage 4 autonomous driving regardless of exiting from its partnership in self-driving startup Argo AI and would determine within the coming month whether or not to proceed with a brand new accomplice is was at present testing out.