Stellantis to delay production of its Ram 1500 Classic pickup trucks due to global chip shortage

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  • Production at Stellantis assembly plants in Michigan and Mexico will be impacted, the statement said.
  • The pandemic caused a disruption in the supply chain of semiconductor chips used in cars and electronics.
  • The computer chips make up around 40% of a new car’s cost, according to a report by Deloitte.
  • See more stories on Insider’s business page.

Stellantis will delay the production of its Ram 1500 Classic pickup trucks due to the global chip shortage.

The company is currently building the trucks but delaying the completing production for a “number of weeks” at the Warren Truck Assembly Plant in Michigan and the Saltillo Truck Assembly Plant in Mexico, a company spokesperson said in a statement to Insider.

The truck will be completed when the chips become available, the statement added.

“We continue working closely with our suppliers to mitigate the manufacturing impacts caused by the various supply chain issues facing our industry,” the statement said.

Earlier in March, Stellantis CEO Carlos Tavares said that problems caused by the chip shortage may not be fully resolved by the second half of 2021, Reuters reported.

Stellantis is the world’s fourth-largest automaker created by the merger of Fiat Chrysler Automobiles and PSA Group.

The pandemic caused a disruption in the supply chain of semiconductor chips used in the manufacturing of cars and electronics. The chips are used in vehicles’ navigation systems, Bluetooth, and collision-detection systems and make up around 40% of a new vehicle’s cost, according to a report by Deloitte.

Due to the global computer chip shortage, a production slowdown in the auto industry surfaced earlier this year as some car companies changed their manufacturing plans while others searched for new suppliers.

On Thursday, Ford said in a statement that it will build F-150 trucks and Edge SUVs in North America without specific parts including some electronic modules that contain semiconductors.

The impact extends to other carmakers such as Volvo that decided to adjust its production plans temporarily for some periods in March while General Motors said it will lengthen its production cuts at three North American plants.

Automakers could lose as much as $61 billion in revenue due to the chip shortage, Bloomberg reported citing estimates from Alix Partners.

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Volvo’s second-ever EV just debuted without any leather – see the new C40 Recharge

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2022 Volvo C40 Recharge.

  • The 2022 C40 Recharge is a new, all-electric compact SUV from Volvo.
  • It has an estimated 261 miles of range and a completely leather-free interior.
  • No pricing was announced at this time, but we expect it to start at around $54,000.
  • Visit the Business section of Insider for more stories.

You can now count the 2022 Volvo C40 Recharge on the list of upcoming electric vehicles.

Unveiled on Tuesday, the C40 Recharge is the Swedish automaker’s second EV destined for the US market, following the XC40 Recharge that launched at the end of 2019. The C40 Recharge is part of Volvo’s larger goal of becoming a purely electric brand by 2030, according to a press release.

Sized lower and sleeker than the XC40, the C40 Recharge is a compact SUV that uses two electric motors and a leather-free interior – a first for Volvo.

No pricing was announced at this time, but Volvo said that production is scheduled to begin this fall. 

Keep reading to see more.

The 2022 C40 Recharge is an all-electric compact SUV from Volvo.

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2022 Volvo C40 Recharge.

It’s the second all-electric vehicle from the Swedish automaker.

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2022 Volvo C40 Recharge.

The first was the XC40 Recharge, which launched in 2019.

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2022 Volvo C40 Recharge.

Source: Insider

The C40 Recharge is built on Volvo’s Compact Modular Architecture – or CMA – platform.

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2022 Volvo C40 Recharge.

Others built on that platform include the Volvo XC40 and Polestar 2.

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2022 Volvo C40 Recharge.

However, Volvo said the C40 Recharge is its first car to be “designed as pure electric only.”

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2022 Volvo C40 Recharge.

Source: Volvo

The front of the car wears the new official design for electric Volvos.

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2022 Volvo C40 Recharge.

The familiar Thor’s Hammer headlights now have “state-of-the-art pixel-technology.”

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2022 Volvo C40 Recharge.

Two electric motors, one for each axle, power the car.

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2022 Volvo C40 Recharge.

There’s a 78 kWh battery.

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2022 Volvo C40 Recharge.

Power comes to a claimed 402 horsepower and 486 pound-feet of torque.

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2022 Volvo C40 Recharge.

Source: Roadshow

Volvo said it takes about 40 minutes to fast-charge to 80%. Range is an estimated 420 kilometers, or 261 miles.

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2022 Volvo C40 Recharge.

Volvo noted that the C40 Recharge hasn’t been rated by the EPA yet.

There’s a new, attractive rear-end design.

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2022 Volvo C40 Recharge.

Overall, the car is much sleeker and slightly lower than the XC40.

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2022 Volvo C40 Recharge.

Inside, the C40 Recharge comes natively with Google’s Android operating system.

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2022 Volvo C40 Recharge.

Customers will have access to Google Assistant, the Google Play Store, and Google Maps.

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2022 Volvo C40 Recharge.

Customers will also have a choice of color and decorative options.

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2022 Volvo C40 Recharge.

There’s also a high seating position, which should make visibility and ingress and egress much easier.

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2022 Volvo C40 Recharge.

The car can receive software updates over the air.

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2022 Volvo C40 Recharge.

And! It’s the first Volvo car to be leather-free.

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2022 Volvo C40 Recharge.

The C40 Recharge is part of Volvo’s plan to only sell electric cars by 2030.

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2022 Volvo C40 Recharge.

It’ll only be sold online, which Volvo believes will make the car-buying process much less complex.

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2022 Volvo C40 Recharge.

Volvo will build the new C40 Recharge at its plant in Ghent, Belgium, beginning in the fall.

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2022 Volvo C40 Recharge.

No pricing was announced at this time, but expect it to be around the price of the XC40 Recharge, which starts at $53,990.

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2022 Volvo C40 Recharge.

Source: Volvo

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