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MILAN (Reuters) -A global crisis in microchip supply was hitting the automotive industry “hard and strong,” Stellantis CEO said on Wednesday, and carmakers would have to completely rethink semiconductor supply chains.
Carmakers across the world have had to curb output due to a shortage of chips used in everything from computer management of engines to driver assistance systems, which is hampering their recovery from the pandemic.
“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 an FT web conference.
Stellantis, the world’s fourth largest car maker, last week said the chip shortage should improve in the second half of this year, but said the