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HT Auto

Jeep maker splits with economists, seeing inflation clearly

Jeep maker splits with economists, seeing inflation clearly
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Stellantis NV Chief Executive Officer Carlos Tavares warned the auto giant is feeling the strain from rising raw material prices and expects semiconductor shortages to stretch into next year.

"I see the inflationary pressure very clearly," he said on a webinar organized by the Detroit-based Automotive Press Association. "I see inflation coming from many different areas."

There's a "disconnect" between the view among some economists that price increases aren't structural and what Tavares said he's seeing in the day-to-day operations of the company.

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