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Chip Shortage Gets Worse for Car Giant, With No End in Sight

  • Carmaker reports first-quarter output took 11% hit on shortage
  • CFO cautions that shortage effect may linger into next year
Peugeot And Citroen Automobile Showrooms Ahead Of Stellantis NV Earnings
Photographer: Cyril Marcilhacy/Bloomberg
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Stellantis NV warned the global semiconductor shortage will deteriorate further from the first three months of the year, when the crunch curbed planned output by 11%.