> Stellantis has halted production at other plants, including in Europe and Canada, forecasting that it would make 1.4 million fewer vehicles this year due to the chip shortage.
For perspective:
> Combined sales of FCA and PSA totaled 6,206,000 units in 2020, down by 22% compared to 2019 figures. When the two companies announced their decision to merge, they became the world’s 4th largest automaker by sales volume. It was only outsold by Volkswagen Group, Toyota and Renault-Nissan-Mitsubishi alliance. With 7,907,000 vehicles sold in 2019, FCA-PSA (which was not called Stellantis by then), was bigger than GM and Hyundai-Kia. One year later, these two outperformed Stellantis.
If I'm reading this right, pre-pandemic sales were ~8 million. So a cut 1.4 million due to chip shortages represents an 18% drop. But compared to 2020, the drop is 23%.
That's disastrous hit for any company to withstand.
I'm curious how much of this is actually due to chip supply vs. how much could be due to other factors, but blamed on chip supply.
> If I'm reading this right, pre-pandemic sales were ~8 million. So a cut 1.4 million due to chip shortages represents an 18% drop. But compared to 2020, the drop is 23%.
But it's a low margin industry. They can now charge above MSRP. If they aren't stuck paying for parts (or labor) of the units they can't make, they might come out ahead. Fewer units, waaaay more profit per unit.
For perspective:
> Combined sales of FCA and PSA totaled 6,206,000 units in 2020, down by 22% compared to 2019 figures. When the two companies announced their decision to merge, they became the world’s 4th largest automaker by sales volume. It was only outsold by Volkswagen Group, Toyota and Renault-Nissan-Mitsubishi alliance. With 7,907,000 vehicles sold in 2019, FCA-PSA (which was not called Stellantis by then), was bigger than GM and Hyundai-Kia. One year later, these two outperformed Stellantis.
https://fiatgroupworld.com/2021/02/14/stellantis-sold-6-2-mi...
If I'm reading this right, pre-pandemic sales were ~8 million. So a cut 1.4 million due to chip shortages represents an 18% drop. But compared to 2020, the drop is 23%.
That's disastrous hit for any company to withstand.
I'm curious how much of this is actually due to chip supply vs. how much could be due to other factors, but blamed on chip supply.