TURIN - Stellantis expects to be able to source computer chips from Europe and the U.S. within three to four years, CEO Carlos Tavares told a news conference on Thursday.
Tavares said the company had "lots of initiatives" in place to develop more local sourcing of semiconductors after shortages of imports from Asia weighed on the industry over the past year or so.
The news conference came after Tavares met local unions and assured them about the future of the automaker's Italian operations.
Tavares said none of the automaker's Italian factories would be shut down. He said the sites would be transformed rather than closed, according to the Fim Cisl union.
