Tavares: Chip crunch easing could weigh on pricing power, says Stellantis CEO Carlos Tavares 

A slow but steady improvement in the chip supply situation over the next year will eventually limit automakers' pricing power, which has been boosting earnings across the industry in recent quarters, Stellantis CEO Carlos Tavares said.

In a media call presenting the automaker's results in the first half of the year, Tavares said the industry was in a "very specific sweet spot right now."

"We have a significant unbalance between the offer and the demand for automobiles, which gives us a transaction price opportunity," he said.

Tavares said the chip supply situation would improve slowly but would not get back to pre-COVID levels before the end of next year.

IT research firm Gartner predicts chip sales to further slow down in 2022

Taiwan chipmaker UMC expects industry to continue grow further in 2023

( Details and picture courtesy from Source, the content is auto-generated from RSS feed.)

Join our official telegram channel for free latest updates and follow us on Google News here.