Stelantis CEO Carlos Tavares said the number of troubled suppliers was now small and he expected further improvement next year.
The head of carmaker Stelantis does not expect the semiconductor supply chain to improve before next year, he said on Friday.
At an event in Como to promote Alfa Romeo’s new sport utility vehicle (SUV), chief executive Carlos Tavares said, “Semiconductor supply is still very low, the situation is the same as in 2021. I would say that 2022 is a big improvement. Won’t bring it.” ), Tonley.
However, he said the forecasts involving the carmaker’s recent business were “conservative” and would remain unchanged.
Tavares said the main difference with last year was that the number of troubled suppliers was now smaller, with many having better control over their operations and supply chains.
“At the moment Stelantis is hurt by the small number of chip suppliers, at most three or four,” he said, adding that he expects an improvement in 2023.
The CEO reiterated that the impact of Russia’s invasion of Ukraine has so far been “very, very modest” on the group’s revenue. He added that the conflict is making the business environment more difficult for not only Stelantis, but all carmakers.
Stelantis, which has brands including Fiat and Peugeot, said it had not been affected so far by Russia’s decision to halt natural gas distribution in Poland, where the group operates three plants.
(Reporting by Giulio Piovacari; Editing by Keith Weir and David Goodman)
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