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.