auto supplier novaresparis french auto supplier novares is claiming tens of millions euros in damages from its customers after a global shortage in semiconductor chips has forced many carmakers to halt production and cancel orders novares which makes plastic components used in one in three vehicles worldwide is seeking compensation for the cancellations that have left its stocks piling up we have counted 2000 sudden customer production halts since the start of the year easily one hundred with less than 48 hours notice novares ceo pierre boulet told reuters without saying whether the company was pursuing legal action advt the situation has been especially tense in europe he added highlighting the firm could not be responsible for carmakers financial constraints the global chips shortage and supply chain snags have forced carmakers still recovering from last years coronavirus disruptions to again pause production as they compete for supplies with the sprawling consumer electronics industry toyota said earlier on friday it would cut its november production by as much as 15 while volkswagens skoda auto warned it would significantly cut or even suspend its production from monday the automotive sector had hoped for improvement by the fourth quarter but issues in supplying components from asia could last into early 2022 some of our clients are very polite they warn us in advance and are ready to compensate the extra costs but some only want a power struggle said boulet we are in a macho and somewhat selfish world also readpricol aims to be debtfree in 12 months here is how it charts the growth planthecoimbatore headquartered driver information system major is looking to diversify into automotive sensors and electronics and coolant pumps through joint ventures and technical alliances see more detailsrock tech plans battery metals plant near berlinthe plant described as europes first by rock tech would produce around 24000 tonnes of lithium hydroxide a year the equivalent needed to equip 500000 electric cars with batteries it saidsee more details advt reuters published on oct 15 2021 at 0818 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app novares plastic supplier auto supplier car productions automotive sector global chips shortage supply chain snags homenewsauto componentssupplier novares seeks damages from carmakers over cancelled orders