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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16661599" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3735247-stellantis-extends-european-production-shutdowns-as-chip-woes-continue" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3735247-stellantis-extends-european-production-shutdowns-as-chip-woes-continue" target="_blank">Stellantis extends European production shutdowns as chip woes continue</a></p><ul> <li data-xf-list-type="ul">Stellantis N.V. (<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a> -1.2%) will extend shutdowns at several auto manufacturing plants in Europe due to the continuing global microchip shortage, reports <a href="https://www.reuters.com/business/autos-transportation/stellantis-extends-output-halts-several-european-car-plants-chip-shortage-2021-08-30/" target="_blank">Reuters</a> today.</li> <li data-xf-list-type="ul">On Friday, the company <a href="https://europe.autonews.com/automakers/stellantis-will-halt-output-europes-biggest-van-plant-chip-shortage" target="_blank">announced</a> that production would be suspended next week at the company's Sevel plant in Italy, which is Europe's largest van manufacturing plant with a daily production of ~1,200 vans.</li> <li data-xf-list-type="ul">A Stellantis worker's union in Italy was warned that the chip shortages will also impact other plants operated by the Stellantis group.</li> <li data-xf-list-type="ul">The chip shortage does not appear to be ending soon, as Stellantis CEO Carlos Tavares thinks the shortages could continue into next year and Intel warned that the chip shortage would get worse in the back half of the year and <a href="https://seekingalpha.com/news/3728940-evidence-gathers-of-extended-chip-shortage-with-lead-times-up-in-july" target="_blank">supplies won't normalize for another year or two.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16661599, member: 137766"] [URL='https://seekingalpha.com/news/3735247-stellantis-extends-european-production-shutdowns-as-chip-woes-continue'] Stellantis extends European production shutdowns as chip woes continue[/URL] [LIST] [*]Stellantis N.V. ([URL='https://seekingalpha.com/symbol/STLA']STLA[/URL] -1.2%) will extend shutdowns at several auto manufacturing plants in Europe due to the continuing global microchip shortage, reports [URL='https://www.reuters.com/business/autos-transportation/stellantis-extends-output-halts-several-european-car-plants-chip-shortage-2021-08-30/']Reuters[/URL] today. [*]On Friday, the company [URL='https://europe.autonews.com/automakers/stellantis-will-halt-output-europes-biggest-van-plant-chip-shortage']announced[/URL] that production would be suspended next week at the company's Sevel plant in Italy, which is Europe's largest van manufacturing plant with a daily production of ~1,200 vans. [*]A Stellantis worker's union in Italy was warned that the chip shortages will also impact other plants operated by the Stellantis group. [*]The chip shortage does not appear to be ending soon, as Stellantis CEO Carlos Tavares thinks the shortages could continue into next year and Intel warned that the chip shortage would get worse in the back half of the year and [URL='https://seekingalpha.com/news/3728940-evidence-gathers-of-extended-chip-shortage-with-lead-times-up-in-july']supplies won't normalize for another year or two.[/URL] [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Frying Pan Into the Fire -- Chip Shortage
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