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CNH to temporarily shut several plants in Europe

Eight-day shutdown due to supply disruptions

cnh engine plant
File photo from CNH-owned FPT Industrial's Bourbon-Lancy engine manufacturing plant in eastern France. (Photo courtesy CNH Industrial)

Reuters — Italian-American vehicle maker CNH Industrial said Wednesday it will temporarily shut several of its European agricultural, commercial vehicle and powertrain manufacturing facilities due to the disruptions of procurement of components, including semiconductors.

The maker of farm machinery, Iveco commercial vehicles, construction equipment and powertrains plans to shut the concerned plants for eight working days this month, it said in a statement, adding that it is constantly reviewing its production schedules.

Automakers around the world are grappling with the shortage of semiconductor chips amid a post-pandemic rise in demand, forcing several companies to reduce the pace of production in recent months.

Besides, some carmakers have warned the chip crisis will drag on into 2022 with earlier industry hopes of a quick resolution long since dashed.

— Reporting for Reuters by Anirudh Saligrama in Bangalore.

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