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Renault CEO: Chips shortage situation tougher than expected in Q3

Renault CEO: Chips shortage situation tougher than expected in Q3
Renault CEO: Chips shortage situation tougher than expected in Q3   -   Copyright  Thomson Reuters 2021
By Reuters

MUNICH – Renault CEO Luca De Meo said on Monday that the situation regarding the global chips shortage was tougher than expected during the current third quarter, adding the next quarter should bring some improvement despite a poor visibility.

In an interview with Reuters TV, De Meo said the French carmaker was sticking to its previous forecast for a cut to production of 200,000 cars in 2021 due to the shortage.