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Investing.com -- German automaker BMW welcomed "positive signals" from political leaders regarding the Nexperia chip dispute on Wednesday, though the company cautioned that production conditions remain uncertain.
"Production at our plants is continuing, but the situation remains volatile," a BMW spokesperson said. "We explicitly welcome the positive signals from the political sphere on this issue. We are continuously monitoring this development but cannot comment further at this time."
The statement comes as the Dutch government announced it was suspending its intervention at computer chip maker Nexperia following discussions with China over the dispute that has created shortages of chips needed by car manufacturers.
The chip shortage has affected automotive production globally, with many manufacturers forced to adjust production schedules due to supply constraints.
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