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The Wall Street Journal: Empty lots, angry customers: chip crisis throws wrench into car business
Americans are shopping for cars in near-record numbers, but the world’s computer-chip shortage has left dealers with the fewest offerings in decades......»»
Saturday links: a lot like dating
On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check... AutosHow the chip shortage has rippled through the auto industry. (wsj.com)USPS delivery vehicles should .....»»
The ongoing chip shortage is expected to cost the auto industry $110 billion this year, almost double analysts" estimate from January
A consulting firm projects that nearly 4 million fewer vehicles will be sold this year, up from an expected shortfall of 2.2 million. Workers build Ford F-150 trucks at one of the automaker's assembly plants.....»»
The chip shortage that"s wreaking havoc on supplies of cars, computers, and more could last another 2 years, experts say
IBM, which licenses microprocessor technology to the world's leading chip makers, says it wi.....»»
Samsung to boost logic chip investment to KRW171 trillion by 2030
Samsung Electronics has announced plans to invest a total of KRW171 trillion (US$151 billion) in its system LSI and foundry businesses through 2030, an increase of KRW38 trillion from the KRW133 trillion targeted previously......»»
Global chip shortage to persist until 2Q22, says Gartner
The worldwide semiconductor shortage will persist through 2021, and is expected to recover to normal levels by the second quarter of 2022, according to Gartner......»»
: Chip maker Alphawave tumbles on London debut after raising $1.2 billion in IPO
Shares in Canadian chip maker Alphawave fell as much as 20% on the company's trading debut in London, despite its IPO being viewed as well-timed amid the global semiconductor shortage......»»
NIO notes chip shortage remains key production constraint, says Citi
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Toyota Sees EVs Accounting For 80% of Global Sales By 2030, Says Chip Shortage A Small Risk
Toyota Motor Corporation (NYSE: TM), which i.....»»
Shortage bottlenecks are showing up in the lack of hiring, JPMorgan says
Shortages of key materials left US factories struggling to meet surging consumer demand. A similar problem is now emerging as firms look to hire. Shelves with toilet paper a.....»»
Tesla could rally to $1,000 this year as demand from China remains strong and the global chip shortage subsides, Wedbush says
Wedbush reiterated its outperform rating and $1,000 price.....»»
Chip shortage delays KC Ford plant"s reopening again
Ford Moto Co.’s Kansas City assembly plant will not reopen on May 17 as expected. The company announced Wednesday that the plant will remain shuttered for the weeks of May 17 and May 24. In addition, the plant’s transit line will operate on one s.....»»
Ford tells Bloomberg to shut Bronco-Ranger plant for two weeks on chip shortage
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
: Jeep and Maserati maker Stellantis warns of worsening chip shortage
A fire at a Renesas Electronics plant in Japan, as well as serious outages in Texas after the storms in March, have exacerbated the tensions on the global semiconductor market, and new problems are appearing......»»
Rental car companies are turning to used car auctions to regrow fleets amid a massive shortage sending prices skyrocketing
The global chip shortage is hindering rental-car companies from being able to quickly regrow fleets as demand continues to rise. A Hertz car rental location in New Jersey in May 2020. AP Photo/Ted Shaffrey, File There's a rental-car sho.....»»
GM optimistic in full year earnings, even with chip shortage
GM CEO Mary Barra says the automaker can deliver for investors in 2021 despite production challenges......»»
The sell-off in chip stocks on supply worries is overshadowing reasons to buy them, says Bank of America
Chip stocks are sliding on worries about the shortage of semiconductors, but Bank of America says there .....»»
ON Semiconductor reports record automotive revenue as chip shortage drags on
ON Semiconductor saw increa.....»»
Intel"s CEO Says Chip Shortage Could Last "A Couple Of Years" In New "60 Minutes" Interview
Intel's CEO Says Chip Shortage Could Last "A Couple Of Y.....»»
VW warns chip shortage to curb output in coming months, Bloomberg reports
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»