New EV models are offsetting a slump in demand but Europe’s carmakers are bracing for shutdowns New EV models are offsetting a slump in demand but Europe’s carmakers are bracing for shutdowns Volkswagen has signalled that its annual profit targets are at risk without sufficient computer chips, in the latest sign that an expected shortage of semiconductors from China could hit carmakers across Europe . The struggling German automotive firm said a series of cost cuts and new model launches were