Reuters exclusively reports Renault sees bigger production hit from chip shortage; market reacts - Reuters News Agency
Automotive

Reuters exclusively reports Renault sees bigger production hit from chip shortage; market reacts

Reuters exclusively reported that French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage in semiconductor chips, a much bigger hit than previously estimated. The supply problems would cost Renault, which is set to publish its third-quarter sales this week, over a third more than the 220,000 lost vehicles it forecast in early September.

Market Impact

The company’s Paris-listed shares fell on the news.



Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: Europe
Countries: France
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: The logo of carmaker Renault is seen at a dealership in Paris, France, August 15, 2021. REUTERS/Sarah Meyssonnier/File Photo
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