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Topic

chip shortage

Volkswagen China sees chip supply shortage easing

Volkswagen China sees chip supply shortage easing

Published 16 Jul, 2021 07:52pm
  • "We hope the chip supply crisis will bottom out this summer and expect to see an improvement in this situation within the second half of the year," Woellenstein, told.
Germany ready to double state aid for semiconductor industry

Germany ready to double state aid for semiconductor industry

Published 01 Jul, 2021 06:10pm
  • He has already earmarked 5 billion euros ($5.9 billion) in government money to support chip makers under a European Union-backed scheme.
  • Citing "high interest from significant investors from outside Germany", Altmaier told.
Global chip shortage might impact vehicle production in Pakistan

Global chip shortage might impact vehicle production in Pakistan

Updated 27 Apr, 2021 04:08pm
  • Reports highlighting the gravity of the situation revealed that the shortage could last for almost an entire year.
  • Several technical features in most new vehicles heavily rely on these computer chips to function properly. Therefore, the shortage is directly impacting production lines.
AutoNation profit almost triples as chip shortage boosts vehicle prices

AutoNation profit almost triples as chip shortage boosts vehicle prices

Published 20 Apr, 2021 05:41pm
  • "Demand continues to exceed supply for new vehicles, and we expect this to continue throughout 2021, in part due to the production disruption," Chief Executive Officer Mike Jackson said.
  • AutoNation's gross profit per new vehicle at stores that have stayed open for at least a year jumped 61% to $2,739 in the first quarter from a year earlier. The company's gross profit per used vehicle jumped 17% to $1,744.
GM extends North America production cuts due to chip shortage

GM extends North America production cuts due to chip shortage

Published 08 Apr, 2021 08:58pm
  • The move's impact has been baked into GM's prior forecast that the shortage could shave up to $2 billion off this year's profit.
  • The plant makes Chevrolet Camaro sports car and Cadillac CT4 and CT5 sedans. It has been out of action since March 15.
US automakers post high quarterly sales even as chip shortage bites

US automakers post high quarterly sales even as chip shortage bites

Published 01 Apr, 2021 09:24pm
  • The need for increased personal safety during the COVID-19 pandemic has boosted sales for automakers, as people prefer to travel by their own cars to using public transportation.
  • The No.1 US automaker said it estimates that the seasonally adjusted annual sales pace for the first quarter of the year was around 16.7 million units.
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