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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16683789" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3756649-renaults-cuts-production-outlook-by-500000-cars-due-to-chip-shortage" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3756649-renaults-cuts-production-outlook-by-500000-cars-due-to-chip-shortage" target="_blank">Renaults cuts production outlook by 500,000 cars due to chip shortage</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">Renault (<a href="https://seekingalpha.com/symbol/RNSDF" target="_blank">OTC:RNSDF</a>) <a href="https://en.media.renaultgroup.com/news/third-quarter-2021-priority-given-to-value-over-volume-optimized-revenues-in-a-context-strongly-marked-by-the-semiconductor-crisis-434b-989c5.html" target="_blank">lowers</a> its output forecast for this year after group revenues fell 13.4% and global unit sales fell 22.3% in the third quarter.</li> <li data-xf-list-type="ul">Renault produced 170,000 fewer units in Q3 than it originally planned and the Group now anticipates production losses of 500,000 vehicles for the year due to the global chip shortage. CFO Clotlide Delbos said visibility surrounding the chip shortage was "still very poor because the information coming from suppliers is very unreliable" but that he expects chip production to remain constrained through 2022.</li> <li data-xf-list-type="ul">When asked about raw materials, Delbos said that the company wasn't experiencing any shortages but was encountering higher material costs.</li> <li data-xf-list-type="ul">Renault has been focusing on higher margin cars amid the chip shortage and it expects operating margins and profit to remain around the same as H1 2021. The lower decline in revenues, limited to -13.4%, "confirms the positive impact of the Group's commercial policy oriented towards better value from sales," writes the automaker.</li> <li data-xf-list-type="ul">SA contributor The Value Pendulum assigns a Neutral rating to Renault and believes headwinds <a href="https://seekingalpha.com/article/4453886-renault-sa-mixed-outlook-for-potential-corporate-actions" target="_blank">will continue to hurt the stock.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16683789, member: 137766"] [URL='https://seekingalpha.com/news/3756649-renaults-cuts-production-outlook-by-500000-cars-due-to-chip-shortage'] Renaults cuts production outlook by 500,000 cars due to chip shortage[/URL] [LIST] [*]Renault ([URL='https://seekingalpha.com/symbol/RNSDF']OTC:RNSDF[/URL]) [URL='https://en.media.renaultgroup.com/news/third-quarter-2021-priority-given-to-value-over-volume-optimized-revenues-in-a-context-strongly-marked-by-the-semiconductor-crisis-434b-989c5.html']lowers[/URL] its output forecast for this year after group revenues fell 13.4% and global unit sales fell 22.3% in the third quarter. [*]Renault produced 170,000 fewer units in Q3 than it originally planned and the Group now anticipates production losses of 500,000 vehicles for the year due to the global chip shortage. CFO Clotlide Delbos said visibility surrounding the chip shortage was "still very poor because the information coming from suppliers is very unreliable" but that he expects chip production to remain constrained through 2022. [*]When asked about raw materials, Delbos said that the company wasn't experiencing any shortages but was encountering higher material costs. [*]Renault has been focusing on higher margin cars amid the chip shortage and it expects operating margins and profit to remain around the same as H1 2021. The lower decline in revenues, limited to -13.4%, "confirms the positive impact of the Group's commercial policy oriented towards better value from sales," writes the automaker. [*]SA contributor The Value Pendulum assigns a Neutral rating to Renault and believes headwinds [URL='https://seekingalpha.com/article/4453886-renault-sa-mixed-outlook-for-potential-corporate-actions']will continue to hurt the stock.[/URL] [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Frying Pan Into the Fire -- Chip Shortage
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