8/19/2021, 4:45 PM (Source: TeleTrader)
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Stellantis halts production in French plants over chip shortage

Stellantis N.V. will pause production in two of its manufacturing facilities in France due to a shortage of semiconductors, the company said on Thursday.

The plant in Rennes will be shut down over the next week, while the facility in Sochaux will partially halt production for three days.

Automakers around the globe have been struggling with shortages in semiconductors over the past year. Earlier today, media reported Toyota Motor Corp. is expected to manufacture 40% fewer vehicles in September than previously planned.

Baha Breaking the News (BBN) / MD