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Renault CEO: problems remain regarding supplies of semiconductor chips

Published 10/18/2022, 04:12 AM
Updated 10/18/2022, 04:15 AM
© Reuters. Renault's Chief Executive Luca De Meo speaks next to the unveiled Renault 4 electric at 2022 Paris Auto Show, France October 17, 2022. REUTERS/Stephane Mahe
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PARIS (Reuters) - Renault (EPA:RENA) and other carmakers are still facing problems regarding the global shortage of semiconductor chips needed in the car industry, Renault Chief Executive Luca de Meo told the Paris Automotive Summit.

© Reuters. Renault's Chief Executive Luca De Meo speaks next to the unveiled Renault 4 electric at 2022 Paris Auto Show, France October 17, 2022. REUTERS/Stephane Mahe

"We are still pretty much in trouble with this kind of thing," said de Meo.

"It might get better but problems are here to stay for a while," he added.

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