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HomeAutomobileRenault says chip scarcity means 300,000 much less automobiles in 2022

Renault says chip scarcity means 300,000 much less automobiles in 2022


Renault CEO Luca de Meo stated the French carmaker expects to make 300,000 fewer items in 2022 than it doubtlessly might have on account of the continued global chip shortage.

Renault made 500,000 fewer automobiles final 12 months on account of the chip scarcity. In September, consulting agency AlixPartners predicted the chip scarcity would price the auto trade $210 billion in income.

“The state of affairs proper now continues to be fairly sophisticated,” de Meo instructed CNBC’s Road Indicators Europe Friday.

De Meo stated that Renault expects the chip crunch to develop into much less extreme this 12 months, including {that a} “regular state of affairs” ought to resume within the second half of 2022.

His feedback got here as Renault reported an 888 million euro ($1 billion) web revenue for 2021 on Friday, beating estimates. The carmaker claims its working margin of three.6% places it two years forward of its personal “revolution revitalization” plan. “Renault is again on monitor,” de Meo stated.



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