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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: 16662462" data-attributes="member: 137766"><p>These are some pretty long plant closures.</p><p></p><p><a href="https://seekingalpha.com/news/3736061-renault-to-extend-spanish-production-halt-due-to-ongoing-chip-shortage" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3736061-renault-to-extend-spanish-production-halt-due-to-ongoing-chip-shortage" target="_blank">Renault to extend Spanish production halt due to ongoing chip shortage</a></p><ul> <li data-xf-list-type="ul">Renault (<a href="https://seekingalpha.com/symbol/RNSDF" target="_blank">OTC:RNSDF</a>) will continue the production halt at its three assembly plants in Spain due to the global shortage of semiconductor microchips, a spokeswoman for Renault Spain tells Reuters.</li> <li data-xf-list-type="ul">French carmaker plans to extend partial stoppages to the end of this year, which will see its plant in Palencia, where it assembles its Kadjar and Megane models, on halt for as many as 61 days. Its Valladolid factory, where it makes Capture SUV crossovers, will slash production for up to 40 days.</li> <li data-xf-list-type="ul">As the shortage continues, Renault had already approved a plan to idle the factories in Spain for up to about 30 days each between April and July and decided to set up a new plan for the last four months, <a href="https://www.reuters.com/business/autos-transportation/renault-partly-halt-production-spain-until-dec-31-microchip-shortage-2021-08-31/" target="_blank">report</a>.</li> <li data-xf-list-type="ul">Last week, Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) announced production <a href="https://seekingalpha.com/news/3734625-ford-cuts-f-150-pickup-production-because-of-chip-shortage" target="_blank">cut for its </a><a href="https://seekingalpha.com/news/3734625-ford-cuts-f-150-pickup-production-because-of-chip-shortage" target="_blank">F-150 pickup truck</a> due to ongoing chip shortage. Other car companies like Toyota (NYSE:<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a>) also have had to lower production forecasts as <a href="https://seekingalpha.com/news/3732241-auto-stocks-slump-as-chip-shortage-headaches-continue?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">the shortage continues.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16662462, member: 137766"] These are some pretty long plant closures. [URL='https://seekingalpha.com/news/3736061-renault-to-extend-spanish-production-halt-due-to-ongoing-chip-shortage'] Renault to extend Spanish production halt due to ongoing chip shortage[/URL] [LIST] [*]Renault ([URL='https://seekingalpha.com/symbol/RNSDF']OTC:RNSDF[/URL]) will continue the production halt at its three assembly plants in Spain due to the global shortage of semiconductor microchips, a spokeswoman for Renault Spain tells Reuters. [*]French carmaker plans to extend partial stoppages to the end of this year, which will see its plant in Palencia, where it assembles its Kadjar and Megane models, on halt for as many as 61 days. Its Valladolid factory, where it makes Capture SUV crossovers, will slash production for up to 40 days. [*]As the shortage continues, Renault had already approved a plan to idle the factories in Spain for up to about 30 days each between April and July and decided to set up a new plan for the last four months, [URL='https://www.reuters.com/business/autos-transportation/renault-partly-halt-production-spain-until-dec-31-microchip-shortage-2021-08-31/']report[/URL]. [*]Last week, Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) announced production [URL='https://seekingalpha.com/news/3734625-ford-cuts-f-150-pickup-production-because-of-chip-shortage']cut for its [/URL][URL='https://seekingalpha.com/news/3734625-ford-cuts-f-150-pickup-production-because-of-chip-shortage']F-150 pickup truck[/URL] due to ongoing chip shortage. Other car companies like Toyota (NYSE:[URL='https://seekingalpha.com/symbol/TM']TM[/URL]) also have had to lower production forecasts as [URL='https://seekingalpha.com/news/3732241-auto-stocks-slump-as-chip-shortage-headaches-continue?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']the shortage continues.[/URL] [/LIST] [/QUOTE]
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Frying Pan Into the Fire -- Chip Shortage
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