In its latest results Renault estimates that its vehicle production shortfall thanks to parts shortages for 2021 will reach around 500,000 units, above the 200,000 it previously forecasted for the year. However, the company is making efforts to meet its projected operating margin.
In its latest results Renault estimates that its vehicle production shortfall thanks to parts shortages for 2021 will reach around 500,000 units, above the 200,000 it previously forecast for the year.
The results show that impact of the semiconductor crisis on production cost it 170,000 units in lost vehicle production for the third quarter, adding to losses sustained in the first two quarters.
Thanks to those production losses, Renault Group sold just over 599,000 vehicles in the third quarter of this year, a decrease of 22.3% compared to 2020, with revenue down 13.4% to €9 billion ($10.4 billion).
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