CNH Industrial to temporarily shut several plants in Europe on supply disruptions By Reuters
© Reuters. FILE PHOTO: Flags with CNH Industrial brand are pictured exterior CNH Industrial constructing in Turin, Italy, February 5, 2020. REUTERS/ Massimo Pinca/File Photograph
(Reuters) – Italian-American car maker CNH Industrial (NYSE:) NV stated on Wednesday it can briefly shut a number of of its European agricultural, industrial car and powertrain manufacturing services as a result of disruptions of procurement of parts, together with semiconductors.
The maker of farm equipment, Iveco industrial automobiles, development tools and powertrains plans to close the involved crops for eight working days this month, it stated in a press release, including that it’s always reviewing its manufacturing schedules.
Automakers world wide are grappling with the scarcity of semiconductor chips amid a post-pandemic rise in demand, forcing a number of corporations to cut back the tempo of manufacturing in current months.
Apart from, some carmakers have warned the chip disaster will drag on into 2022 with earlier trade hopes of a fast decision lengthy since dashed.
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