No, it's not the fault of the coronavirus crisis.
Well, yes, but not directly, and not the fault of a collapse of the order book in any case.
Renault is simply a victim, like other companies in the sector, of the semiconductor crisis, whose production is still struggling in Asia, and in China in particular.
As a result, the diamond brand could not produce 170,000 vehicles in the third quarter of 2021, some of its factories having had to close for lack of supply of components.
Over the year, the group estimates the loss of production at 500,000 vehicles, in a context where the sale of hybrid cars now exceeds that of diesel cars in Europe.
Limited impact on turnover
Renault sold 599,027 vehicles in the third quarter of 2021, a decrease of 22.3% compared to a third quarter of 2020 which marked the recovery of the automotive industry after the paralysis of the first months of the Covid.
But the drop in turnover was limited to -13.4%.
"The actions taken to continue to lower costs and optimize the valuation of our production allow us to confirm our guidance for the year despite the deterioration in the availability of components in the third quarter and reduced visibility for the fourth quarter. », Declared the group's chief financial officer, Clotilde Delbos.
Justice
Carlos Ghosn case: Rachida Dati asks for the statute of limitations of the prosecutions that led to his indictment
Production
Eco-mobility and you
Production
China
Coronavirus
Renault
Automotive
Economy