Recall, we last wrote about Stellantis at the beginning of May, after the auto maker said there was "no end in sight" to the ongoing semi chip shortage. 

The company said in its report earlier this month that it lost production of 190,000 vehicles due to the shortage. The world’s fourth largest carmaker said that 8 of its 44 plants were affected by the shortage, ultimately resulting in reductions in shifts and slowing, or shuttering, of vehicle lines. 

The company had been making changes to its lineup, including changing the dashboard of the Peugeot 308, to try and adapt to the crisis. 

“We don’t have great visibility. As such it would be imprudent to assume the issue is going to go away,” Palmer continued, sounding less like the issue is "still very controlled". 

Recall, Intel’s CEO, speaking on 60 Minutes earlier this month, said: “We have a couple of years until we catch up to this surging demand across every aspect of the business.” Days prior, we wrote that Morgan Stanley had also suggested the shortage could continue "well into 2022". 

Stellantis was created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot.