Exclusive-Renault sees bigger production hit from chip shortage – sources

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Reuters

PARIS (Reuters) – French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to a global shortage in semiconductor chips, three sources close to firm told Reuters on Wednesday, a much bigger hit than previously estimated. The supply problems would cost Renault, which is set to publish its third-quarter sales on Friday, over a third more than the 220,000 lost vehicles it forecast in early September. A Renault spokesperson declined to comment. The company’s Paris-listed shares were down around 4% by 1228 GMT. “The forecasts change all the time, but the shortfall wil…

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