MUNICH (Reuters) – The global shortage of semiconductor chips will last throughout this year and into 2023, the top executive at premium German carmaker Mercedes-Benz said on Wednesday.
Mercedes-Benz Chief Executive Ola Kaellenius said at the Reuters Automotive Europe conference in Munich that it will take a decade to transition the carmaker’s engine plants to making only fully-electric cars, but he said he was confident it could be managed in an orderly fashion.
(Reporting by Ilona Wissenbach, writing by Nick Carey; Editing by Louise Heavens)
