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The chip shortage is expected to cost the global automotive industry US$210 billion in revenue in 2021. [ 51 ] [ 52 ] [ needs update ] Despite lower sales, some manufacturers increased profits over 2020, as Toyota and General Motors, for example, saw record profits for 2021, due to resilient demand and decreased financial incentives offered to ...
A global semiconductor chip shortage continues to affect the automotive industry on both sides of the United States-Mexico border. General Motors Co. (NYSE: GM) recently said it has extended ...
Aug.20 -- The global shortage of semiconductors will cut worldwide auto production by as many as 7.1 million vehicles this year, and pandemic-related supply disruptions will hobble the industry ...
A U.S. auto industry group on Monday urged the government to help as it warned the global semiconductor shortage could result in 1.28 million fewer vehicles built this year and disrupt production ...
From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. Pang has bought 62,000 ...
Chip shortages can have a major effect on the electronics industry where manufacturers change their sourcing of chips and suffer major loss of profits, such as when PC manufacturer Gateway switched from Intel to AMD microprocessors in 2000. Some manufacturers may find themselves having to redesign their products to account for the shortage of ...
Tesla CEO Elon Musk called out two of the world's largest auto chip suppliers, saying on Twitter their supply chains were "problematic." Explore: Looking to Buy a Tesla Car? You May Want to Price...
Volkswagen AG's Americas chief sees the global chip shortage lasting into the third quarter of next year, but believes the auto industry will maintain the discipline that has led to strong vehicle ...