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Automakers

Chip shortage will easily drag into 2022, Tavares says

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Stellantis CEO Carlos Tavares said it takes 18 months to re-engineer a vehicle to use a different chip. (BLOOMBERG)
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By:
Reuters
July 21, 2021 03:41 PM

DETROIT -- The global semiconductor chip shortage that has hit automakers around the world and constrained vehicle production will easily drag into next year, Stellantis CEO Carlos Tavares said.

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