Tag: Chip supply shortages

High Prices, Steady Supply Chain Protect BMW From Industry Woes

November 6, 2021
auto showBMWBusiness & EconomyChip supply shortagesCompaniesEuropeInternationalMunichsupply chainWorld
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BERLIN—BMW beat analysts’ forecasts on Wednesday with a 42.4 percent increase in third quarter net profits to 2.58 billion euros ($2.99 billion) as higher prices and strong electric vehicle (EV) sales offset lower deliveries due to scarce chips. In an earnings call, finance chief Nicolas Peter said the company was confident of topping its target…

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No GM Plants Will Be Closed Due to Chip Shortage on Nov. 1

October 26, 2021
Business & EconomyChip supply shortagesEconomieseconomyGeneral MotorsMarketsUS
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DETROIT—For the first time in eight months, the global shortage of computer chips won’t force General Motors to close any North American factories. The company said Friday that starting Nov. 1, all plants that had been closed on and off since February because of the shortage will be cranking out vehicles. The nation’s largest automaker…

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