Chips curb Renault production – Al Ittihad Newspaper

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Paris (agencies)

The French car company Renault expected its production of cars to decline this year, compared to previous expectations, in light of the continuing crisis of semiconductor shortages that impede the car industry worldwide.
Renault said in a statement, reported by Bloomberg News, that the company’s production will decline by about 500,000 cars during 2021 due to the lack of production components.
Last July, the company expected a decrease in production by 200,000 cars.
Renault sales fell during the third quarter by 13 percent to nine billion euros ($10.5 billion).
The crisis in semiconductors, needed to make new cars, has forced producers around the world, forcing them to close factories and delay the launch of new models. Car sales in Europe are expected to fall this year to their lowest levels in 2020, when the restrictions of the Corona pandemic limited sales.
Renault CEO Luca de Meo had expressed optimism in July that the semiconductor crisis would abate during the second half of the year, and announced at the time that Renault was still firmly on its way back, with its transformation plan in place.





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