TOLEDO, Ohio—Back in the spring, a shortage of computer chips that had sent auto prices soaring appeared, finally, to be easing. Some relief for consumers seemed to be in sight. That hope has now dimmed. A surge in COVID-19 cases from the Delta variant in several Asian countries that are the main producers of auto-grade…
New York Auto Show Canceled Amid Delta Variant Worries
August 4, 2021
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automakersBusinesscanceledcoronavirusCOVID-19EconomiesLocal NewsManhattanNew Yorknew york auto showRegional-Local NewsUSvehiclesWashington
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WASHINGTON—Organizers on Wednesday canceled the New York Auto Show that had been set for later this month amid rising COVID-19 cases caused by the more infectious Delta variant of the coronavirus. The 10-day public show and press previews that had been set to start Aug. 19 typically draw thousands of journalists from around the world…
US Automakers to Reinstate Mask Mandates at All Plants
WASHINGTON—Detroit’s Big Three automakers and the United Auto Workers (UAW) union said on Tuesday that they will reinstate the wearing of masks at all U.S. plants, offices, and warehouses, regardless of vaccination status, beginning on Wednesday. General Motors Co, Ford Motor Co, and Stellantis NV said in a joint statement with the union the move is…
Chips Shortage Limits Auto Production in Brazil, Automakers Association Says
SAO PAULO—Automaker’s plants in Brazil have reached a “production ceiling” after the first five months of the year, below pre-pandemic levels, due to a shortage of computer chips, the South American nation’s automakers association said on Tuesday. A semiconductor shortage has been affecting the production of chips and may reduce the global number of automobiles…
Jaguar Land Rover Parent Company Logs Surprise Loss on $2 Billion Restructuring Charge
BENGALURU—India’s Tata Motors posted a surprise quarterly loss and took a $2.05 billion charge at the luxury Jaguar Land Rover (JLR) unit, warning that a global chip crunch and surging COVID-19 cases in the country would hurt its business. Like other carmakers in India, Tata Motors was navigating the pandemic’s impact on sales when a…
US Commerce Department Presses Taiwan for More Chips to Automakers
May 6, 2021
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Asia & PacificautomakersBusinessCompaniesEconomieseconomyMarketsMore ChipsTaiwanU.S. Commerce Dept.USWorld
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WASHINGTON—The U.S. Commerce Department is pressing Taiwan Semiconductor Manufacturing Co Ltd and other Taiwanese firms to prioritize the needs of U.S. automakers to ease chip shortages in the near term, Commerce Secretary Gina Raimondo said. Raimondo told a Council of the Americas event on Tuesday that longer term, increased investment was needed to produce more…
US Automakers Post Higher Quarterly Sales Even as Chip Shortage Bites
Automakers on Thursday reported a rebound in first-quarter U.S. sales from a coronavirus-induced slump last year, but volumes were capped by a global chip scarcity that forced many companies to cut production. The need for increased personal safety during the COVID-19 pandemic has boosted sales for automakers, as people prefer traveling by their own cars…
Massive Chip Shortage Fuels Calls for Bringing Production Back to US
WASHINGTON—The pandemic has exposed the fragility of global supply chains and the shortage of computer chips is the latest incident that forced many automakers across the world to halt production. Western governments are learning hard lessons from these disruptions, pushing to create more resilient and diverse supply chains. The Biden administration has also pledged to…
Massive Chip Shortage Fuels Calls to Bring Production Back to US
WASHINGTON—The pandemic has exposed the fragility of global supply chains, with the latest disruption being a global shortage of computer chips that has forced some automakers to cut or halt production. Western governments are learning hard lessons from these disruptions, pushing to create more resilient and diverse supply chains. The Biden administration has pledged to…
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