Tag: chip shortage

July 26, 2022

General Motors Co. reported weaker second-quarter profit than analysts’ estimates as semiconductor shortages kept production volumes in check. The automaker also warned it is bracing for tougher times ahead. Noting “concerns about economic conditions,” CEO Mary Barra said in a […]

May 23, 2022

The past few years have proved challenging for the auto manufacturing industry. Automakers faced a slew of obstacles amid the COVID-19 pandemic, but few were as far-reaching and disruptive as the chip shortage. Median semiconductor inventories fell from 40 days […]

January 11, 2022

China’s car market snapped a three-year decline last year, helped by strong sales of electric vehicles, though the global chip shortage and Covid-19 outbreaks in the country disrupted some production. Sales of passenger cars in 2021 rose 4.4% from a […]

November 8, 2021

Since 1989, Microchip Technology has operated in an unglamorous backwater of the electronics industry, making chips called microcontrollers that add computing power to cars, industrial equipment and many other products. Now a global chip shortage has elevated the company’s profile. […]

August 19, 2021

The global semiconductor shortage has finally started to bite at Toyota Motor Corp., highlighting how a resurgence in Covid-19 infections from the Delta variant is now stifling chip manufacturing in Southeast Asia, worsening a parts crisis for car companies. Japan’s […]

July 29, 2021

Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors. Toyota’s unit sales in June rose 20% from a year earlier to […]

July 16, 2021

U.S. factory output slid last month as a shortage of computer chips disrupted auto production. Manufacturing production dipped 0.1% in June — the third drop in five months, the Federal Reserve reported July 15. Overall, industrial production — including output […]

May 18, 2021

The Senate will include $52 billion to bolster domestic semiconductor manufacturing in a broader bill to enhance U.S. competitiveness with China, Senate Majority Leader Chuck Schumer said. Schumer called it “a historic and immediate infusion of federal money” to restore […]

May 13, 2021

Japanese car maker Nissan is planning to make half a million fewer vehicles in 2021 as the global chip shortage continues to wreak havoc on the automotive industry. Nissan Chief Executive Makoto Uchida told CNBC’s “Squawk Box Europe” on Thursday […]

May 6, 2021

Volkswagen AG raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the industry will become more pronounced in the second quarter. Operating return on sales is forecast at 5.5% to […]

April 22, 2021

LONDON – The global chip shortage is continuing to wreak havoc at some of the world’s biggest carmakers. Britain’s Jaguar Land Rover announced Thursday that it has been forced to stop car production for a “limited period” at its Castle […]

April 12, 2021

Clarence E. Brown has experienced union strikes, plant shutdowns and layoffs due to parts shortages during his 47 years working for General Motors. But Brown, president of a United Auto Workers local chapter in Kansas, describes the ongoing semiconductor chip […]

April 9, 2021

General Motors announced a halt in production at several North American plants and Ford announced additional downtime at two plants, the latest disruptions to the auto supply chain because of a chip shortage. Shares for GM were down 1% on […]

March 24, 2021

SEOUL — A widespread chip shortage affecting automakers is expected to disrupt production at Hyundai Motor Co. from April, the Financial Times reported on Wednesday, citing a person with direct knowledge of the situation. Hyundai had been able to avoid […]