Benzinga | Sep 30, 2021 09:32AM EDT

Stellantis' Opel Halts A Plant Production Due To Chip Crisis: Reuters

* Stellantis NV's (NYSE:STLA) carmaker Opel will close one of its German plants due to a chip crisis until the end of the year, Reuters reports.

* The production at the Eisenach plant, which manufactures internal combustion engines and hybrid electric cars, will likely begin in 2022.

* It will temporarily lay off around 1,300 workers employed at the plant, with a different plant in France picking up some production.

* Stellantis has halted production at other plants, including Europe and Canada, forecasting to manufacture 1.4 million fewer vehicles in 2021 due to the crisis.

* Price Action: STLA shares traded lower by 0.52% at $19.17 in the market session on the last check Thursday.