Stellantis' Opel Halts A Plant Production Due To Chip Crisis: Reuters

September 30, 2021 9:32 AM | 1 min read |

Stellantis NV's STLA carmaker Opel will close one of its German plants due to a chip crisis until the end of the year, Reuters reports.
The production at the Eisenach plant, which manufactures internal combustion engines and hybrid electric cars, will likely begin in 2022.
It will temporarily lay off around 1,300 workers employed at the plant, with a different plant in France picking up some production.
Stellantis has halted production at other plants, including Europe and Canada, forecasting to manufacture 1.4 million fewer vehicles in 2021 due to the crisis.
Price Action: STLA shares traded lower by 0.52% at $19.17 in the market session on the last check Thursday.