Renault estimates production downtime at half a million cars

Released on 22.10. 2021

  • The Renault logo hangs on a company sign in front of a factory site. Photo: Christophe Ena

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The shortage of semiconductors is not only a problem for German car manufacturers. Renault also has to shut down its production significantly.

Boulogne-Billancourt (dpa) – The French car manufacturer Renault estimates the production downtime due to the lack of chips this year to be even more pronounced than before.

Estimated 500. 000 Vehicles would not roll off the assembly line as planned this year, the group announced on Friday in Boulogne-Billancourt near Paris. In July the company was still from around 200. 000 assumed missing cars.

In the third quarter alone, the carmaker’s production loss was around 170. 000 amount to the car, it was said by the company. Meanwhile, the group is not lacking in orders: the order book was as full at the end of September as it has been for 15 years not.

Renault sold across all group brands from July to September 599 . 027 vehicles – and therefore because of the problems with missing parts 22, 3 percent less than in the same period of the previous year. The French were able to contain the sales slump to 10, 4 percent and thus 9 billion euros, among other things because of rising prices.

Renault, under the new boss Luca de Meo, has decided to focus less on quantity and instead focus on returns. The group is maintaining the operating margin forecast for the year – it should be in the order of magnitude of the first six months, when it was 2.8 percent.

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