By Victoria Waldersee and Christina Amann
LEIPZIG (Reuters) – BMW production chief Milan Nedeljkovic expects stabilising supply chains to lead to a clear improvement in profitability next year, he said in an interview at the carmaker’s Leipzig plant.
From a production perspective, Nedeljkovic said he did not expect margins to fall.
“Repeated undersupply and needing to re-plan production brought a certain turmoil. A clear improvement in our margins should result purely from the stabilisation we are seeing on this front,” he said.
The shortage of semiconductors would likely impact the carmaker until at least the middle of next year, Nedeljkovic added.
(Reporting by Victoria Waldersee and Christina Amann, editing by Rachel More)
