Stuck By Chip Shortage, Stellantis Halts Production In Sochaux Plant: Reuters

by Shivani Kumaresan, Benzinga Staff Writer

August 25, 2022 7:50 AM | 1 min read | Make a Comment

Stellantis NV STLA is suspending car production in its Sochaux car plant in France until August 27, 2022, Reuters reported.
The reason for the halt is semiconductor shortages, the report added.
In June, Stellantis had to halt production at its Peugeot site in France as component shortages affected one of its main suppliers.
Automakers, including Honda Motor Company, Ltd. HMC and Toyota Motor Corp TM, are being hit by supply chain snags, hampering production.
Price Action: STLA shares are trading higher by 0.28% at $14.11 in premarket on the last check Thursday.
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