Don’t expect a sudden turnaround on supply chain problems

Renault’s CEO said Friday that there will be no sudden let up in the supply chain shortages that have dogged the autos industry, even as the carmaker dubbed its “emergency” period over.

Luca de Meo told CNBC that that the sourcing of raw materials was likely to continue to be an issue for automakers, but added that the company was now better placed to handle such disruptions.

“We don’t anticipate a sudden, complete improvement of the situation. But, in the meantime, we have learned to manage this complexity,” de Meo told CNBC’s Charlotte…