Stellantis boss expects chip supply to remain ‘complicated’ until end 2023

The top of carmaker Stellantis, Carlos Tavares, expects the semiconductor supply chain to stay tight till the tip of subsequent 12 months, he mentioned in an interview printed on Sunday in French newspaper Le Parisien.

“The scenario will stay very sophisticated till the tip of 2023, then will ease a bit,” mentioned Tavares, including that “semiconductor producers have an curiosity in making enterprise with us once more, particularly as they’re elevating costs”.

Over the previous couple of years, shortages of semiconductor chips, due amongst different elements to the affect of the Covid-19 pandemic, have pressured world automakers to scrap manufacturing plans for thousands and thousands of automobiles. Shortages are actually easing, however at a brand new and everlasting value to the automotive firms.

In France, shortages preserve weighing on producers’ gross sales. Whereas new automotive registrations elevated by 5% final month, in keeping with trade figures printed on Saturday, they remained down almost 12% for the reason that begin of the 12 months.

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