VW’s chief of finance expects inflation to ease and the chip shortage will drag on

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The outlook comes as the automotive industry is ramping up production of electric vehicles that require raw materials and an array of semiconductors to control a car’s core systems and infotainment components, and connect them to the internet. The computer-chip shortage has left many auto makers unable to meet consumer demand for new cars, limiting their ability to grow and pushing up the price of new and used vehicles.