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“Renault expects to make 300,000 fewer cars in 2022 as global chip shortage rumbles on”

Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage.

Renault made 500,000 fewer cars last year as a result of the chip shortage. In September, consulting firm AlixPartners predicted the chip shortage would cost the auto industry $210 billion in revenue…”

https://www.cnbc.com/2022/02/18/renault-says-chip-shortage-means-300000-less-cars-in-2022-.html

Expect total sales and revenue to be down as well. That’s my take on the matter.

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