Germany’s ZF confirms capacity adjustment, says it’s not linked to chip shortage

German automotive supplier ZF (ZFF.UL) has secured a stable short-term supply of chips but is adjusting operations at its Schweinfurt site due to shifts in customer demand, a company spokesperson said on Friday.

Bloomberg earlier reported, citing people familiar with the matter, that the company was cutting production at the site because of a semiconductor shortage linked to a dispute involving its supplier Nexperia and China.

The ZF spokesperson clarified that production could slow or halt if customer supply chain issues lead to reduced orders, or if the company faces disruptions in its own supply.

“We are prepared for such scenarios and can adjust our production capacity accordingly,” the spokesperson said.

They confirmed changes to shift schedules in Schweinfurt but emphasized that these are “not currently related to any chip shortage, but rather to changing customer demand.”