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(Adds Nissan accumulation cuts)
WASHINGTON, March 26 (Reuters) – Stellantis NV and Chinese electric agent maker Nio became the latest carmakers to advertise new accumulation cuts as a aftereffect of a all-around semiconductor dent shortage.
Stellantis said on Friday it will briefly arrest accumulation at bristles North American plants abutting anniversary because of the all-around dent shortage: two accumulation plants in Canada, one in Mexico and two in the United States. The accumulation halts will alpha abutting anniversary through aboriginal to mid-April.
The plants afflicted are the company’s Toluca, Mexico facility, area it produces the Jeep Compass; Windsor Accumulation in Ontario area it builds Chrysler Pacifica minivans; a bulb in Illinois that builds the Jeep Cherokee SUV; a Michigan bulb that builds the Ram 1500 Classic auto and addition Ontario bulb that builds the Chrysler 300, Dodge Charger and Dodge Challenger.
Stellantis did not specify how continued the shutdowns would last, but a abutment bounded in Windsor said the minivan bulb would arrest accumulation for four weeks starting on Monday.
Nissan Motor Co said Friday it will arrest accumulation for two canicule starting April 1 at its Smyrna Agent and Canton Agent Accumulation Plants and Mexico Aguascalientes plant. Normal accumulation will resume April 6.
Nio, one the capital challengers to Tesla, which dominates the electric agent (EV) bazaar in China, said it would arrest accumulation for bristles alive canicule at its Hefei bulb and cut its first-quarter commitment anticipation by as abundant as 1,000 vehicles.
Shares of Nio, which makes the ES8 and ES6 electric sport-utility vehicles, concluded the day bottomward 4.8% on the New York Stock Exchange.
Ford Motor, Honda Motor, General Motors and Volkswagen were amid the automakers bent off bouncer by the shortage, banishment abounding to authority aback accumulation alike as car appeal best up during the pandemic.
Chip shortages accept amount the all-around auto industry 130,000 cartage in absent production, analysis close AutoForecast Solutions estimates, with the heaviest appulse in North America, with 74,000 units lost, and Western Europe, with 35,000 lost.
The dent absence is additionally a aftereffect of an added appeal from the customer electronics industry as bodies formed from home and played added video amateur during the crisis. Sanctions adjoin Chinese technology companies accept additionally played a role.
Nio, which additionally faces antagonism from acquaintance rivals such as Xpeng Inc, now expects to bear 19,500 cartage in the aboriginal quarter, bottomward from a 20,000 to 20,500 ambit previously.
Ford had warned the curtailment could hit its 2021 accumulation by up to $2.5 billion, while beyond U.S. automaker GM expects the crisis to barber up to $2 billion off its full-year profit.
Ford, which was until now accumulated its awful assisting F-150 after assertive parts, said on Thursday it would abandoned accumulation of the trucks at a bulb in Michigan through Sunday.
GM and Japan’s Honda both said this anniversary they would abide accumulation abeyance at plants in North America for the advancing weeks.
Swedish barter maker Volvo AB, meanwhile, said on Tuesday the dent curtailment would accept a “substantial” appulse on its second-quarter earnings, and it would apparatus stop canicule beyond its sites globally alpha in April. (Reporting by David Shepardson in Washington, Sarah Morland in Gdansk, Josh Horwitz in Shanghai, Ankit Ajmera in Bengaluru and Paul Lienert in Detroit; Editing by Peter Graff, Arun Koyyur, Alexander Smith and Jonathan Oatis)
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