Why Is Stellantis (BIT:STLAM) Halting EV Production At Four French Plants?
10 Articles
10 Articles
Automotive giant Stellantis has announced it will temporarily suspend production at four of its major factories in France in October due to supply chain disruptions and market conditions.
The automaker is questioning the supply problems of its ACC supplier's electric batteries, but is also looking to reduce its inventory to maintain its cash flow.
Stellantis will suspend production of four of its French factories for several days in October. "It's not up to the employees to pay," the unions are worried.
The group has been forced to make unprogrammed stoppages on several lines due to a lack of components.
Stellantis is forced to halt production at several plants in France and Italy. The decision also affects Peugeot, Citroën and Fiat models.
Why Is Stellantis (BIT:STLAM) Halting EV Production At Four French Plants?
Stellantis (BIT:STLAM) temporarily halted production at four French plants in October due to a shortage of EV batteries. The affected sites include key facilities that assemble electric models for the European market, disrupting planned output schedules. Union representatives in France have raised concerns about the impact of the stoppages on shift patterns and worker income [...]
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