Stellantis Says Due To Unprecedented Global Microchip Shortage, Production At Belvidere, Illinois Assembly Plant Will Be Down Through Memorial Day
Portfolio Pulse from Benzinga Newsdesk
Stellantis announced that its Belvidere, Illinois assembly plant will halt production through Memorial Day due to a global microchip shortage.
May 19, 2021 | 3:09 pm
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Stellantis is facing production halts at its Belvidere plant due to a global microchip shortage, potentially affecting its short-term stock performance.
The production halt at the Belvidere plant due to the microchip shortage is likely to negatively impact Stellantis' short-term stock performance as it may lead to reduced output and potential revenue loss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90