Volvo warns chip stortage, supply-chain snarl will curtail truck production

Volvo Group said the chip shortages and supply-chain snarls will continue to cap truckmaking, leaving the Swedish manufacturer with little choice but to turn away some customers.

Disruptions and stoppages in the production of trucks and in other parts of the group will continue, Volvo said Thursday. The company reported third-quarter adjusted operating profit of 9.4 billion Swedish kronor ($1.1 billion), beating the average analyst estimate.

The supply situation that’s characterized by “disruptions, unpredictability and a lack of freight capacity” is delaying deliveries to customers, Volvo Chief Executive Officer Martin Lundstedt said in a phone interview.

“We are talking about a couple of