The boss of the Stellantis group, Carlos Tavares, expects the semiconductor chip supply chain to remain complex until the end of next year.
Carlos Tavares said this in an interview published on Sunday (2/10/2022) in the French newspaper Le Parisien.
“The situation will remain very complicated until the end of 2023, then it will subside a bit,” Tavares said.
“Semiconductor chip manufacturers are interested in doing business with us again, mainly because they are raising prices,” he added.
Over the past few years, a shortage of semiconductor chips, caused in part by the Covid-19 pandemic, has forced global automakers to cancel plans to produce millions of cars.
The shortfall has now been reduced, but at a new and permanent cost to car companies. In France, scarcity continues to weigh on manufacturers’ sales.
Even though new car registrations increased 5 percent last month, according to industry figures published on Saturday (1/10/2022), they are still down nearly 12 percent since the start of the year.
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