Russian car manufacturing facility to shut attributable to components scarcity



Stellantis Chief Govt, Carlos Tavares mentioned that one of many firm’s van factories in Russia will likely be closed as components are operating out. Based on Reuters, Stellantis has introduced a suspension of shipments to Russia following the Russian-Ukrainian battle. Stellantis expects to have the ability to supply pc chips from Europe and america inside 3-4 years, Tavares mentioned. Individually, Tavares claims that the know-how to help the transition to electrical automobiles remains to be in transistion. That is making it troublesome for automakers to plan and safe future provide of uncooked supplies.

“We’re shifting down the availability chain, for instance, we’ve an settlement to guard lithium, however we nonetheless have to do extra. It’s not clear what the endpoint of the battery chemistry is. When the know-how is pretty sure, we will lock within the provide of uncooked supplies by investments, transactions, mergers, and acquisitions,” Tavares defined.