MUNICH (Reuters) - BMW expects supply chains to remain tight well into 2022, Chief Executive Oliver Zipse said on Monday, squashing hopes that a painful shortage of crucial semiconductors will end soon.
"I expect that the general tightness of the supply chains will continue in the next 6 to 12 months," he said at the IAA (NYSE:IAA) Munich car show.
Zipse, who like other car executives is battling lower production due to a lack of semiconductors, said he saw no issues in the long-term, adding that the automotive industry was an attractive client for chipmakers.