Chip shortage hurts Stellantis output
Print Edition
A GLOBAL semiconductor shortage hit production at US-European auto giant Stellantis in the first quarter but the owner of 14 brands including Peugeot, Fiat and Chrysler still booked strong sales, the company said yesterday.
The coronavirus pandemic sparked huge demand for computers and electronic devices as people were stuck at home, leading to a shortage in chips that are also essential in cars. The shortages have affected automakers across the globe, including Ford, General Motors, Volkswagen, and Stellantis, which was created by the merger of Peugeot-Citroen and Fiat-Chrysler.
Stellantis said the 鈥渉eadwinds from the global semiconductor crisis鈥 led to a shortfall in output of around 190,000 units in the first quarter.
The figure represents 11 percent of planned production for the period from January to March at a car manufacturer whose diverse brands include Jeep, Maserati and Alfa Romeo. And while there was 鈥渓imited visibility鈥 with regard to the full-year impact of the microchip shortage, Stellantis expected the second quarter to be worse than the first.
Out of Stellantis鈥 44 factories in Brazil, France and the United States, some eight sites have suspended some assembly lines or introduced short-time work in the face of shortages, chief financial officer, Richard Palmer, said.
Nevertheless, the company posted 鈥渟trong鈥 revenues in the January-March period, Palmer insisted.
鈥淲ith the diverse brand portfolio driving increased volumes, positive pricing and improved product mix,鈥 group revenues rose by 14 percent to 37 billion euros (US$44 billion) and overall shipments were up 11 percent at 1.6 million units, the carmaker said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
