Chip Shortage

Global chip shortage is severely impairing automakers, as evidenced by an announcement from Chinese EV maker NIO Limited (NYSE: NIO) Friday. What Happened: Nio is temporarily halting vehicle production activity in the JAC-NIO manufacturing plant in Hefei for working days starting March 29, the...

U.S. auto sales are expected to rise in March, despite brutal weather conditions and semiconductor chip shortages that have forced automakers to cut production, auto industry consultants J.D. Power and LMC automotive forecast on Friday. What Happened: Retail sales of new vehicles are estimated to...

Ford Motor Co (NYSE: F) is idling production at the Dearborn, Michigan plant — where it makes the highly profitable F-150 pickup trucks— from Friday to Sunday due to the global semiconductor chip shortage, Reuters reported on Thursday. What Happened: A global...

The global semiconductor chip shortage continues to cripple automakers as Ford Motor Co (NYSE: F) idles two assembly plants alongside Nissan Motor Co (OTC: NSANY) becoming the latest Japanese automaker to cut production in the United States. What Happened: Ford will assemble its highly profitable F...

Hyundai Motor Company (OTC: HYMTF) has managed to evade a chip crunch that has affected other automakers worldwide. What Happened: The South Korean automaker managed to avoid the shortage by stockpiling semiconductors last year and even purchasing more towards the end of 2020, people familiar with...