Dodge, Jeep maker Stellantis to halt some auto production on chip shortage: report

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Auto maker Stellantis NV
STLA,
+1.69%,
formed by the merger between PSA Group and Fiat Chrysler Automobiles, will temporally close five North American plants next week, CNBC said late Friday, adding that the company confirmed the closures Friday afternoon. The plants are in Illinois and Michigan, and one Mexico and two in Ontario, Canada, and build several of Stellantis cars, including Ram 1500 pickup trucks, Jeep models and Dodge and Chrysler cars. The facilities, formerly part of Fiat Chrysler, are expected to be closed from Monday through early- or mid-April, CNBC said. Worldwide chip shortages have forced other auto makers to take similar measures in recent weeks, with industry observers saying that the shortages could last well through the end of the year.

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