The global semiconductor chip shortage that has hit automakers around the world and constrained vehicle production will easily drag into next year, the chief executive of the world's No. 4 automaker, Stellantis (STLA.MI), said on Wednesday.
"The semiconductor crisis, from everything I see and I'm not sure I can see everything, is going to drag into '22 easy because I don't see enough signs that additional production from the Asian sourcing points is going to come to the West in the near future," Tavares said.
Some carmakers have adapted to the chip shortage by dropping features from their models, while others have built vehicles without the necessary chips and then parked them until their assembly can be finished later. Tavares said Stellantis will continue to prioritize its highest profit models with the chips it is receiving, echoing an approach taken by rivals.
Tavares also said on Wednesday Stellantis could, if needed, boost planned spending on electrification beyond the more than 30 billion euros through 2025 it previously outlined. He added it also could raise the number of battery plants it plans to build beyond five, or raise those plants' planned capacity.Stellantis will build three of the battery plants in Europe and two in North America, Tavares said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
JPMorgan is ‘bullish again’ and picks a new list of its top global stocksFor CNBCPro subscribers: JPMorgan is 'bullish again' and picks a new list of its top global stocks.
Leer más »
How Global Brands Like TikTok And Anheuser-Busch Are Approaching The Metaverse And NFTsFrom social video sharing app TikTok to American beer company Anheuser Busch, companies across sectors are dipping their toes in the realm of NFTs.
Leer más »
This is the age of global gender equality — if we want it to be.morningmika: There are many ways to define gender equality, but pay equity, equal representation in positions of power and having the authority to call the shots are all vital facets of this key global metric. MSNBC25
Leer más »
Billboard's 2020 Global Money Makers: The 5 Top Highest Paid Musicians.QueenWillRock are the champions of the world when it comes to 2020 earnings, according to Billboard’s first ranking of the top five acts’ international income.
Leer más »
Worldwide 'Dance' Party: BTS Debuts Atop Billboard Global Charts.BTS_twt boasts the biggest song in the world, as 'Permission to Dance' launches at No. 1 on both the Billboard Global 200 and Global Excl. U.S. charts.
Leer más »
How Jitters About the Global Economy Are Rippling Through MarketsStocks, bond yields and oil prices fell, with the Dow logging its steepest decline since October. Behind the rout, investors say, is a growing list of concerns about the strength of the global economic recovery.
Leer más »