Global chip shortage will easily drag into 2022 – Stellantis CEO

The global semiconductor chip shortage that has hit automakers around the world and constrained vehicle production will easily drag into next year, the chief executive of the world’s No. 4 automaker, Stellantis, said on Wednesday.

The comments by Carlos Tavares at an Automotive Press Association event in Detroit echoed those made by Daimler AG earlier in the day.

“The semiconductor crisis, from everything I see and I’m not sure I can see everything, is going to drag into ’22 easy because I don’t see enough signs that additional production from the Asian sourcing points is going to come to the West in the near future,” Tavares said.