Renault Expects Tough 3Q on Semiconductors

By François Schott and Kim Richters

Renault SA said Monday that it anticipates a "very difficult" third quarter on the semiconductor-shortage front, before an improvement in the last three months of the year.

The French car maker said in July that the shortage of electronic components could cut 2021 production by 200,000 vehicles.

The worsening pandemic situation in southeast Asia over the summer has led to a deterioration in the semiconductor supply situation, a Renault spokeswoman said Monday.

"At this stage, we lack visibility on the coming months and keep a crisis unit up to date daily to best manage the evolution of the situation," she added.

Renault's comments come after Daimler AG's Chief Executive Ola Kallenius said in an interview with Automobilwoche last week that the German car maker expects sales at its Mercedes-Benz Cars unit in the third quarter to be noticeably lower than in the second due to the shortage.

This story was translated in whole or in part from a French-language version initially published by L'Agefi-Dow Jones.

Write to Kim Richters at [e-mail]

(END) Dow Jones Newswires

September 06, 2021 08:26 ET (12:26 GMT)

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