© Reuters. Stellantis (STLA) adopts airfreight strategy as Red Sea attacks disrupt supply routs
A spokesperson for Fiat-parent Stellantis (NYSE:) announced Friday that the automaker would temporarily utilize airfreight to address supply disruptions arising from changes in international transport routes due to attacks on vessels in the Red Sea.
“Stellantis has taken appropriate measures to compensate for the temporary extension of some rerouted vessels by using some limited airfreight solutions,” said the carmaker.
On Thursday, the United States and Britain initiated a series of strikes in Yemen targeting the Iran-backed Houthi militia. This military action is a response to the Houthi militia’s attacks on international shipping, which have caused significant disruptions to one of the world’s most crucial shipping routes.
Rival carmaker Tesla (NASDAQ:) has decided to suspend a majority of car manufacturing at its Berlin, Germany factory from January 29 to February 11 due to the Red Sea attacks.
Shares of STLA are down 2.13% in afternoon trading on Friday.
