Stellantis says car chip shortage worsening, disruption could linger into 2022



The Irish Times

Stellantis expects a global semiconductor chip shortage will take a bigger bite out of production in the second quarter and warned the disruption to the auto industry could last into 2022.

Carmakers across the world have had to curb output, hampering their attempts to recover from the Covid-19 pandemic, due to a shortage of vital chips used in everything from computer management of engines to driver assistance systems.

“We do expect it (the shortage) to improve in the second half, but clearly I think it would be naive to expect it to just disappear,” Stellantis’ Chief Financial Officer Richard Palmer told reporters on a conference call on Wednesday.

“It is possible that it will leak into 2022,” he added.

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