BMW's CEO expects chip shortage to last into 2023


FILE PHOTO: BMW CEO Oliver Zipse speaks during a visit of the German Economic and Climate Protection Minister Robert Habeck at the BMW plant in Munich, Germany, January 20, 2022. REUTERS/Lukas Barth

BERLIN (Reuters) - A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW's Chief Executive Oliver Zipse said in an interview with newspaper Neue Zuercher Zeitung (NZZ) published on Monday.

"We are still in the height of the chip shortage," Zipse was quoted as saying. "I expect us to start seeing improvements at the latest next year, but we will still have to deal with a fundamental shortage in 2023."

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