The shortage of semiconductors is not just a problem for German car manufacturers. Renault also has to significantly reduce its production.
The French car manufacturer Renault estimates the production downtime due to the lack of chips this year to be even more pronounced than before.
An estimated 500,000 vehicles would not roll off the assembly line as planned this year, the group announced on Friday in Boulogne-Billancourt near Paris. In July, the company had assumed there were around 200,000 missing cars.
In the third quarter alone, the carmaker’s production loss was around 170,000 vehicles, the company said. Meanwhile, the group is not lacking in orders: the order book was as full at the end of September as it has not been for 15 years.
Renault sold 599,027 vehicles across all group brands in the months from July to September – 22.3 percent fewer than in the same period of the previous year because of the problems with missing parts. The French were able to contain the slump in sales to 13.4 percent and thus 9 billion euros, partly because of rising prices.
Under the new boss Luca de Meo, Renault has decided to focus less on quantity and instead focus on returns. The group also maintains the operating margin forecast for the year – it should be in the order of magnitude of the first six months, when it was 2.8 percent.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
