Stock Market News

BMW’s CEO expects chip shortage to last into 2023

2022.04.11 07:11

BMW's CEO expects chip shortage to last into 2023
FILE PHOTO: BMW CEO Oliver Zipse speaks during a visit of the German Economic and Climate Protection Minister Robert Habeck at the BMW plant in Munich, Germany, January 20, 2022. REUTERS/Lukas Barth

BERLIN (Reuters) – 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 (DE:VOWG_p)’s CFO Arno Antlitz on Saturday who said he expected that supply of chips would not be able to meet demand until 2024.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,051.27 4.18%
ethereum
Ethereum (ETH) $ 3,488.38 2.66%
tether
Tether (USDT) $ 0.999856 0.11%
xrp
XRP (XRP) $ 2.29 1.88%
bnb
BNB (BNB) $ 701.74 1.42%
solana
Solana (SOL) $ 198.13 3.63%
dogecoin
Dogecoin (DOGE) $ 0.331757 3.30%
usd-coin
USDC (USDC) $ 1.00 0.02%
staked-ether
Lido Staked Ether (STETH) $ 3,486.40 2.83%
cardano
Cardano (ADA) $ 0.916537 2.04%
tron
TRON (TRX) $ 0.256404 2.11%
avalanche-2
Avalanche (AVAX) $ 40.92 6.28%
chainlink
Chainlink (LINK) $ 24.78 3.76%
the-open-network
Toncoin (TON) $ 5.85 4.51%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,150.48 2.87%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 3.66%
sui
Sui (SUI) $ 4.54 1.59%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,624.16 3.94%
hedera-hashgraph
Hedera (HBAR) $ 0.30723 2.80%
stellar
Stellar (XLM) $ 0.385928 4.40%
polkadot
Polkadot (DOT) $ 7.40 2.46%
weth
WETH (WETH) $ 3,485.24 2.48%
hyperliquid
Hyperliquid (HYPE) $ 29.18 0.23%
bitcoin-cash
Bitcoin Cash (BCH) $ 463.26 1.47%
leo-token
LEO Token (LEO) $ 9.50 0.92%
uniswap
Uniswap (UNI) $ 14.15 1.99%
litecoin
Litecoin (LTC) $ 107.73 1.63%
pepe
Pepe (PEPE) $ 0.000019 3.65%
bitget-token
Bitget Token (BGB) $ 5.37 17.29%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,682.94 2.60%
near
NEAR Protocol (NEAR) $ 5.49 1.32%
ethena-usde
Ethena USDe (USDE) $ 0.999687 0.06%
aave
Aave (AAVE) $ 381.20 1.29%
internet-computer
Internet Computer (ICP) $ 11.26 5.27%
usds
USDS (USDS) $ 1.00 0.02%
aptos
Aptos (APT) $ 9.63 2.32%
crypto-com-chain
Cronos (CRO) $ 0.159904 0.30%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.517302 2.72%
mantle
Mantle (MNT) $ 1.26 5.66%
vechain
VeChain (VET) $ 0.051982 8.44%
ethereum-classic
Ethereum Classic (ETC) $ 27.48 1.58%
render-token
Render (RENDER) $ 7.67 0.35%
bittensor
Bittensor (TAO) $ 499.94 1.36%
monero
Monero (XMR) $ 197.39 4.76%
whitebit
WhiteBIT Coin (WBT) $ 24.91 2.02%
mantra-dao
MANTRA (OM) $ 3.72 0.60%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.36 0.94%
dai
Dai (DAI) $ 1.00 0.15%
arbitrum
Arbitrum (ARB) $ 0.800535 0.68%
filecoin
Filecoin (FIL) $ 5.33 3.41%