Stellantis Establishes 'War Room' to Address Nexperia Chip Crisis, According to CEO
Stellantis' Response to Chip Shortages: Stellantis has established a "war room" to manage potential chip shortages due to issues at Nexperia, exacerbated by U.S.-China trade tensions, as stated by CEO Antonio Filosa.
Monitoring Production Impact: The company is closely monitoring the chip situation daily and is actively implementing measures to avoid production stoppages, unlike Volkswagen, which has indicated possible short-term production halts.
Industry-Wide Concerns: The Dutch government's control over Nexperia and China's export restrictions on essential products have raised alarms within the automotive industry regarding potential production impacts.
U.S.-China Trade Developments: Recent announcements suggest a potential easing of U.S.-China trade tensions, with a deal involving tariff reductions in exchange for China's cooperation on various trade issues, which may influence semiconductor supply chains.
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