By Cristina Roca 
 

Stellantis NV's luxury-car brand Maserati will postpone the launch of a new model by several months because a global semiconductor shortage. The company said Monday that it wouldn't be able to make enough cars to meet the anticipated demand.

The Maserati Grecale SUV was set to launch on Nov. 16. This has now been pushed to spring 2022.

Separately on Monday, Volkswagen AG's Skoda brand said it is shutting down all but one production line for the next two weeks as it, too, contends with a shortage of critical car parts.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

October 18, 2021 09:26 ET (13:26 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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