VW’s chief financial officer speaking with the Wall Street Journal (may be gated)
- higher prices weren’t yet translating into higher wages at the company
- expected the rate of inflation would ease later this year
- “We don’t see significant pressure on wages”
- “Currently, the high inflation we see will be temporary."
Not so sanguine on the semiconductor chip shortage:
- "The ability to grow in 2022 will be based on the ability to get more chips"
- said there was a structural undersupply of chips that is likely to last throughout the year
