Stellantis Faces Delivery Snag; Stores Cars In Airfield: Report - Stellantis (NYSE:STLA)

  • Stellantis NV STLA is reportedly storing cars ready for delivery in an abandoned airfield in eastern France.
  • The move, Reuters reported, is due to extraordinary logistical issues.
  • The war in Ukraine and opening of businesses after COVID-19 pandemic have caused a shortage of truck and train capacity across Europe.
  • Stellantis’ bestsellers Peugeot 3008 and 5008, along with other cars ready to be shipped that are produced in its Sochaux factory, are being kept at the former military airfield.
  • Also ReadStellantis Plans Electric Version Of Fiat Minicar In US
  • The report cited a spokesperson saying Stellantis was “securing additional spaces and surfaces for the storage of cars.”
  • It is said that the automaker produces 1,100 cars per day with a shipping capacity of only about 800.
  • Price Action: STLA shares are trading lower by 1.61% at $14.94 on the last check Wednesday.
  • Photo Via Company

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