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05 May
18:43

Stellantis sees chip shortage crisis worsening this quarter

Stellantis said on Wednesday the semiconductor shortage crisis is likely to worsen in the second quarter before improving later in the year. The group reported a loss of 11% or 190,000 vehicles in its Q1 planned production due to the chip shortage and the need for temporary shutdowns. It says there’s “limited visibility of full year semiconductor shortage impact," but there should be some improvement in the second half of the year, Kallanish repo…
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