Renault Battles Daily for Enough Chips to Keep Car Plants Open
- French carmaker expects bottleneck to cut its 2021 output
- GM, Ford are among manufacturers that see earnings affected
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Renault SA Chief Executive Officer Luca de Meo warned that a global shortage in semiconductors could result in more plant closures and dent the French carmaker’s production this year.
Securing enough chips is “a daily fight,” de Meo said Friday when presenting the company’s full-year results. The semiconductor bottleneck is expected to peak in the second quarter and could shave 100,000 cars off Renault’s output this year, the company said. Renault sold 2.95 million vehicles in 2020.