Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Daimler plans to cut work hours and halt production at two of its plants in Germany from Apr 23, as the chip shortage continues. Stellantis plans to replace digital speedometers with analogue variants for its Peugeot 308 models to counter short supply.


Daimler’s Mercedes Benz units in Bremen and Rastatt will have shorter working hours for about 18,500 employees. The cutback will halt production, however, employees will continue to work on special projects, noted the carmaker to the media on Wednesday. This  is Daimler’s third global cutback after it halted production in Brazil in March and slashed production in the same two Mercedes Benz plants in Germany back in January this year.


Stellantis, meanwhile, has decided to go the analogous route for its Peugeot 308 models to deal with the global semiconductor chip crunch. The company is planning to phase this particular series later this year, and it needs a supply of digital speedometers for its more popular cars like the Peugeot 3008SUV, according to media reports on Wednesday. The company had shut its Sochaux (Doubs) plant for three consecutive weeks in April this year in a fallout of the ongoing chip crisis.

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