Stellantis CEO says semiconductor crisis hitting carmakers "hard and strong"

MILAN (Reuters) - Stellantis chief executive said on Wednesday a global crisis in microchip supply was hitting the automotive industry "hard and strong" and that carmakers would have to completely rethink their semiconductor supply chain.

"The longer the chip crisis lasts, the harder it will be to sustain the auto industry's current business model," Stellantis boss Carlo Tavares told an FT web conference.

(Reporting by Giulio Piovaccari and Nick Carey, editing by Maria Pia Quaglia)

05/12/2021 10:58

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