According to Renault SA CEO Luca de Meo, the effects of the global shortage of semiconductors will continue into 2022. Major suppliers have cautioned Renault that the shortage is “a structural thing that will be with us through 2022,” de Meo said Wednesday on the sidelines of a French parliamentary hearing. “There will be tension in the system even if production capacity is improving.” Other OEMs including Daimler AG, Jaguar Land Rover, BMW and Mercedes-Benz have said recently their sales will be further impacted by supply shortages.

Read more at: https://www.bloombergquint.com/business/renault-ceo-warns-semiconductor-crunch-to-ripple-through-2022

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