© Reuters. FILE PHOTO: Flags with CNH Industrial emblem are pictured outdoors CNH Industrial constructing in Turin, Italy, February 5, 2020. REUTERS/ Massimo Pinca/File Picture
(Reuters) – Italian-American automobile maker CNH Industrial (NYSE:) NV stated on Wednesday it would briefly shut a number of of its European agricultural, industrial automobile and powertrain manufacturing services as a result of disruptions of procurement of elements, together with semiconductors.
The maker of farm equipment, Iveco industrial autos, development tools and powertrains plans to close the involved crops for eight working days this month, it stated in a press release, including that it’s consistently reviewing its manufacturing schedules.
Automakers all over the world are grappling with the scarcity of semiconductor chips amid a post-pandemic rise in demand, forcing a number of corporations to cut back the tempo of manufacturing in latest months.
In addition to, some carmakers have warned the chip disaster will drag on into 2022 with earlier trade hopes of a fast decision lengthy since dashed.
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