ROME – Renault expects the lack of semiconductors to cost the company about 200,000 vehicles this year. The French auto group effectively doubled its lost production estimate due to the global chip shortage, signaling that supply chain problems and rising commodity prices could hold back profitability recovery this year.
The De Meo variant: “Hybrid until 2035 and incentives for used vehicles”
by Valerio Berruti
The French carmaker reported a net profit of 368 million in the half year from a loss of 7.4 billion recorded last year and gave guidance, for the first time this year, by forecasting an operating margin for the full year. in the same order of 2.8% achieved in the first half, below the more long-term objectives.
The results are the fruit of Renault’s strategy “focused on profitability”, said CEO Luca de Meo, adding that “they are only the first step in our breakthrough, which should accelerate with the arrival of new vehicles in preparation”.
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