Renault “relatively confident” for 2022 despite some chip supply worries
Written by on January 13, 2022
January 13, 2022
GUYANCOURT (France) (Reuters) – Renault is “relatively confident” about its business year but still sees some problems over chips supplies which it expects to be felt mostly in the first half of 2022, the French carmarker’s Chief Executive Officer said on Thursday.
“We are relatively confident for 2022 but we know that it’s a volatile and uncertain world,” CEO Luca de Meo told journalists at a company event, adding that the carmaker’s restructuring efforts were running ahead of their schedule.
Renault’s finance chief at the same event said that the carmaker was hoping to pay back as soon as possible the remainder of a 3 billion euros ($3.44 billion) loan backed by the French state, Renault’s biggest shareholder.
($1 = 0.8724 euros)
(Reporting by Gilles Guillaume; Writing by Tassilo Hummel; Editing by Sudip Kar-Gupta)