Stellantis CEO shares gloomy expectations about chip shortage

Persistent problem

The global shortage of microchips has gripped the car industry for over a year and a half. There is a good chance that it will continue for such a period. Stellantis CEO Carlos Tavares does not expect any rapid improvement.

At the beginning of 2021, after the production stops due to corona, a new problem emerged for the car industry: a shortage of microchips. Since then, worldwide car production has been cut considerably and some car manufacturers have even delivered incomplete cars to meet part of the demand. Anyone who has ordered a new car somewhere in the past year and a half has probably had to wait longer than hoped. Carlos Tavares has no good news for the coming period in that light.

The Portuguese CEO explains, according to Le Parisien that the chip shortage will keep the car industry in its grip next year. In fact, he suspects that it will only ‘improve slightly’ after 2023. Tavares thus confirms the suspicion that experts already made statements in June. Previously, competitor Volkswagen Group also shared a similarly gloomy expectation. Tavares does see that the suppliers of the chips are once again looking more at the car industry than before. In 2020 and 2021, a large part of the chip production was focused on electronics, because people were at home a lot and ordered a new game console or television, for example. At the time, car sales were lagging behind.


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