Renault CEO Luca de Meo mentioned the French carmaker expects to make 300,000 fewer devices in 2022 than it doubtlessly can have on account of the continuing international chip scarcity.
Renault made 500,000 fewer vehicles final 12 months on account of the chip scarcity. In September, consulting company AlixPartners predicted the chip scarcity would price the automobile trade $210 billion in income.
“The placement at this time continues to be lovely difficult,” de Meo informed CNBC’s Boulevard Indicators Europe Friday.
De Meo mentioned that Renault expects the chip crunch to transform much less serious this 12 months, including {that a} “customary scenario” will have to resume in the second one part of 2022.
His feedback got here as Renault reported an 888 million euro ($1 billion) internet benefit for 2021 on Friday, beating estimates. The carmaker claims its running margin of three.6% places it two years forward of its personal “revolution revitalization” plan. “Renault is again on course,” de Meo mentioned.