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

(Fixes typo in 2nd paragraph, no changes to text)

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 Carlos Tavares told a FT web conference.

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

05/12/2021 11:41

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