The lack of semiconductor chips has caused Stellantis to stop producing 190,000 vehicles during the first quarter of the year. The shortage has made it manufacture 11% less than it had initially planned, as detailed yesterday by the industrial giant that emerged from the merger between Fiat and Peugeot. In Spain, the situation has forced the first manufacturer in the country to activate ERTEs at its Vigo and Figueruelas plants.
In its first operating quarter since the merger, the company posted a turnover of 34.3 billion euros, with deliveries of 1.48 million vehicles. Comparing with the pre-merger figures, this would represent a 12% increase in deliveries and a 14% increase in turnover.
“In our first quarter since the merger, Stellantis posted strong revenues with a diverse brand portfolio that drove higher volumes, positive pricing and an improved product mix, despite headwinds from the global semiconductor crisis,” said the financial manager of the consortium, Richard Palmer.
In a statement, Stellantis outlined the “strong demand” for vehicles, although he warned of the “limited visibility»On the impact of the semiconductor crisis in the remainder of the year. The company is preparing for a second quarter worse than the first, although it expects some relief in the second half of the year. Still, he did not rule out that its effects will be felt until 2022.
For this year the group expects to reach an operating margin on sales of between 5.5 and 7.5%. It also foresees a recovery in vehicle sales in all the markets in which it operates, with increases for the market as a whole of 20% in South America, 15% in the Middle East and Africa, 10% in Europe and 8% in The US, while China expects an increase of 5%.