FILE PHOTO: The logo of carmaker Renault is seen at a dealership in Paris, France, August 15, 2021. REUTERS/Sarah Meyssonnier
October 20, 2021
PARIS (Reuters) – French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage in semiconductor chips, three sources close to firm told Reuters on Wednesday, a much bigger hit than previously estimated.
The supply problems would cost Renault, which is set to publish its third-quarter sales on Friday, over a third more than the 220,000 lost vehicles it forecast in early September.
A Renault spokesperson declined to comment.
(Reporting by Gilles Guillaume Writing by Sarah Morland; Editing by Mark Potter)
Source: One America News Network
