AB Volvo said it had to stop its truck plant in Ghent, Belgium due to a shortage of semiconductor products.
According to the automaker, the supply situation remains volatile, so the disruptions will continue in the future, at least this quarter.
A shortage of microcircuits has hit global automakers, forcing them to cut or stop production. It is caused by the fact that automakers cut orders when the pandemic crisis began and were not ready for a recovery in demand. The capacities of semiconductor manufacturers have already been loaded with other orders.
IHS Markit estimates that a shortage of chips for automotive electronics in the current quarter will affect production of nearly 1 million passenger cars. However, analysts expect that by the end of the year most of the losses will be compensated.
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