Stellantis encountered a delivery problem; Cars Stored at Airfields: Report – Stellantis (NYSE: STLA)

  • Stellantis NV STLA reportedly storing cars ready for delivery at an abandoned airfield in eastern France.
  • The move, Reuters reported, is due to extraordinary logistical issues.
  • The opening of businesses following the war in Ukraine and the COVID-19 pandemic has resulted in reduced truck and train capacity across Europe.
  • Stellantis’ bestsellers the Peugeot 3008 and 5008 are ready to ship, along with other cars that are produced at its Sochaux factory, which is being housed in a former military airfield.
  • read this also, Stellantis plans electric version of Fiat minicar in the US
  • The report quoted a spokesperson as saying that Stellantis was “securing additional space and surfaces for the storage of cars.”
  • The automaker is said to produce 1,100 cars per day with a shipping capacity of around 800.
  • Price Action: Shares of STLA are trading down 1.61% at $14.94 at last check on Wednesday.
  • photo via company

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