27.2 C
New York
Tuesday, July 5, 2022

Buy now

spot_img

BMW’s CEO expects chip shortage to last into 2023


 A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s Chief Executive Oliver Zipse said in an interview with newspaper Neue Zuercher Zeitung (NZZ) published on Monday.

“We are still in the height of the chip shortage,” Zipse was quoted as saying. “I expect us to start seeing improvements at the latest next year, but we will still have to deal with a fundamental shortage in 2023.”

BMW said during its annual press briefing in mid-March that it expected the chip shortage to last throughout 2022.

Zipse’s comments echoed similar statements by Volkswagen’s CFO Arno Antlitz on Saturday who said he expected that supply of chips would not be able to meet demand until 2024. 



Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
3,380FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles