MILAN (Reuters) - A slow but steady improvement in the chip supply situation over the next year will eventually limit automakers' pricing power that has been boosting earnings across the industry in recent quarters, Stellantis CEO Carlos Tavares said on Thursday.
In a media call presenting the automaker's results in the first half of the year, Tavares said the industry was in a "very specific sweet spot right now".
"We have a significant unbalance between the offer and the demand of automobiles, which gives us a transaction price opportunity," he said.
Tavares said the chip supply situation would improve slowly but would not get back to pre-COVID levels before the end of next year.
(Reporting by Giulio Piovaccari; editing by Agnieszka Flak)
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Carlos Tavares is a Portuguese businessperson who has been at the head of 7 different companies and holds the position of Chief Executive Officer & Executive Director at Stellantis NV and Chairman at Peugeot Citroën Automobiles SA (a subsidiary of Stellantis NV). Mr. Tavares is also on the board of Airbus SE and Airbus Holding SA and Chairman at Fondation PSA Peugeot Citroën. Mr. Tavares previously held the position of President of European Automobile Manufacturers Association, Chief Operating Officer of Renault SA, Director at Nissan Motor Co., Ltd. and Chairman & President for Nissan North America, Inc. (a subsidiary of Nissan Motor Co., Ltd.), General Manager-Micro Enterprise at Bed & Breakfast Association of Kentucky, Member-Managing Board at Renault-Nissan-Mitsubishi Alliance, Chairman-Supervisory Board at Opel Automobile GmbH and Chairman-Management Board at Peugeot SA. Mr. Tavares received an undergraduate degree from École Centrale Paris.
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Stellantis Auto SAS
 Stellantis Auto SAS Motor VehiclesConsumer Durables Peugeot Citroën Automobiles SA engages in industry and motor trade services. It specializes in the design, development, maintenance, and repair of Peugeot and Citroën motor vehicles. The company was founded on February 11, 1999 and is headquartered in Vélizy-Villacoublay, France. | Chairman |
Stellantis España SL
 Stellantis España SL Motor VehiclesConsumer Durables Part of Stellantis NV, Stellantis España SL is a car manufacturer based in Figueruelas, Spain. Stellantis España SL offers a range of car models at competitive prices and deals, as showcased on their official website. The CEO of the Spanish company is Carlos Tavares. | Chief Executive Officer |
