COMO, Italy (Reuters – Stellantis head stated on Friday that he doesn’t see any improvements in the supply chain of semiconductors before next year.

Carlos Tavares Chief Executive stated, “Semiconductor supplies are still very limited, the situation remains very similar to that in 2021. I would suggest 2022 wouldn’t bring about a significant improvement.”

“My belief is that there will a significant improvement by 2023,” he stated at an Alfa Romeo Sport Utility (SUV), Tonale event in Como, Italy, where he spoke.