Stellantis hit by chip shortage: short stop for two French plants

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Stellantis announced that the scarce amount of semiconductors from Asia will have; an impact on the production of two of its factories in France next week. The car manufacturer born from the merger between PSA and FCA has indicated that the production of the Rennes plant (Ile-et-Vilaine) will be & agrave; stop for five days , while that of the Sochaux (Doubs) factory will undergo; a partial stop for three days.

At the beginning of August, Stellantis released the financial data for the first half of 2021 which showed a pro-forma net revenue of 75.2 billion euros, equal to an increase in 46%.

The Group achieved a profitability; record in North America with a record first half of sales for RAM in the United States and globally. The market share in the EU30 perimeter of the first half of the year is; climbed to 23.1%, with a leadership in LCV at 34.4%. Stellantis expects to close 2021 with an adjusted operating margin in the order of 10% as long as they no longer occur. lockdown and that there is no further worsening of the chip crisis.

As reiterated during the EV Day event last July, the Group intends to invest 30 billion euros by 2025 in electrification and software. Stellantis aims to become one of the leaders in the low-emission vehicle (LEV) market. L & rsquo; goal & egrave; that LEVs come to represent over 70% of sales in Europe and more; 40% of those in the United States by 2030.

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