Tesla Recalls Hundreds of Thousands of Vehicles in US – 12/30/2021 at 2:46 PM

(AOF) – Tesla is recalling more than 475,000 vehicles in the United States due to technical faults that could increase the risk of an accident. This recall includes more than 350,000 Model 3 vehicles produced between 2017 and 2020. In pre-opening of Wall Street, this Thursday, the title of the manufacturer of electric vehicles fell by 1.2%.


Automotive – Manufacturers: A recovering sector

The French car market has not yet recovered from the Covid. Only 141,041 registrations of private vehicles were recorded in May, according to the Committee of French Automobile Manufacturers (CCFA). This is 27.3% below the level of May 2019.

Born in January from the merger between PSA and Fiat Chrysler, Stellantis became the leading car manufacturer in Europe in the first quarter, thus ahead of the Volkswagen group (Volkswagen, Audi, Seat, Skoda, Porsche, Lamborghini, etc.).

A recovery that is long overdue

Over the first five months of the year, cumulative registrations totaled 723,258 for passenger cars, or 22.7% below their 2019 level, before the health crisis.

Stellantis marketed around 44,000 new vehicles in May 2021, nearly 40% less compared to May 2019. The group suffered from a lack of components, which penalizes all manufacturers in the world. Stellantis could not produce 190,000 vehicles in the first quarter and mid-March the Volkswagen group estimated that 100,000 vehicles could not be produced.

At 36,000 units, Renault group sales in May 2021 fell 27.8% from their pre-pandemic level.

Electric cars continued their development in France and posted a maintenance of their market share at 8% in May, with 11,562 registrations.

A sector penalized by the shortage of semiconductors

This shortage is mainly linked to the consequences of the Covid-19 pandemic. The German semiconductor maker Infineon estimates that around 2.5 million cars worldwide cannot be produced in the first half of 2021. He predicts that the imbalance between supply and demand will persist and could last until 2022.

However, automotive manufacturers do not suffer from this shortage of electronic components in the same way. Those who have developed close relationships with their suppliers are less affected. This is the case with Toyota. On the other hand Ford announced that its production would be reduced by 50% in the second quarter and by 1.1million vehicles for the whole year.

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