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CNH Industrial to temporarily shut several plants in Europe on supply disruptions


Oct 13 (Reuters) – Italian-American car maker CNH Industrial NV (CNHI.MI) mentioned on Wednesday it would temporarily shut several of its European agricultural, business car and powertrain manufacturing amenities due to the disruptions of procurement of parts, together with semiconductors.

The maker of farm equipment, Iveco business automobiles, building tools and powertrains plans to shut the involved plants for eight working days this month, it mentioned in a press release, including that it’s continuously reviewing its manufacturing schedules.

Automakers world wide are grappling with the scarcity of semiconductor chips amid a post-pandemic rise in demand, forcing several firms to cut back the tempo of manufacturing in current months. learn extra

Besides, some carmakers have warned the chip disaster will drag on into 2022 with earlier business hopes of a fast decision lengthy since dashed. learn extra

Reporting by Anirudh Saligrama in Bengaluru; Editing by David Gregorio

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