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Stellantis' Tavares sees chip supply still very short this year

Stellantis' Tavares sees chip supply still very short this year

reuters.com · 04/29/2022 04:24
Stellantis' Tavares sees chip supply still very short this year

- The head of carmaker Stellantis STLA.MI said on Friday he did not see an improvement in the semiconductor supply chain before next year.

"Semiconductor supply is still very short, the situation is very similar to that of 2021, I would say 2022 would not bring a major improvement," Chief Executive Carlos Tavares said.

"My idea is that there will be an improvement in 2023," he said at an event to promote the new Alfa Romeo sport utility (SUV) Tonale, in Como, near Milan.


(Reporting by Giulio Piovaccari
Editing by Keith Weir)

((giulio.piovaccari@thomsonreuters.com))