[ICYMI] Carmakers warn chip shortage putting brakes on recovery
Carmakers and suppliers have turned in strong results that beat expectations for the first half of the year, but they warned that a lack of semiconductors had crimped production.
That left carmakers in a tight situation as demand returned, with many slowing or even temporarily halting production at factories. "The risk of bottlenecks and disruption in the supply of semiconductor components has intensified throughout the industry," the German automaker said.VW said one way it was coping with the shortage was by favouring high-end vehicles, which bring in more money.
Nissan has been forced to push back the launch of its new all-electric crossover, the Ariya, due to the shortage of chips, which some news outlets have dubbed a"chiptastrophe" or"chipaggedon"."We've reached the peak of the crisis," said Ferdinand Dudenhoeffer, head of the Center for Automotive Research in Germany.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE weakened by miners amid Delta concernsNaspers and Prosus closed weaker on Friday after staging strong recoveries on Wednesday and Thursday
Read more »
MARKET WRAP: JSE weakened by miners amid Delta concernsNaspers and Prosus closed weaker on Friday after staging strong recoveries on Wednesday and Thursday
Read more »
Nearly R4bn recovery fund set up to help businesses after lootingTrade, industry and competition minister Ebrahim Patel announced the recovery fund for businesses affected by violent looting in July
Read more »
Covid-19 update: More than 13k cases reported overnightThe country currently has a recovery rate of 90.7%, with Gauteng making up the vast majority of new cases and deaths.
Read more »
Akani Simbine primed for 100m medal: I want to fight to be the fastest man in the worldTo say AkaniSimbine has unfinished business with major championship finals is putting it mildly. By Ashfakmohamed IOLSport Olympics Tokyo2020 TeamSA
Read more »
No need to panic about coffin supply in KZN after looting incidentsSafpa deputy president Ndabezinhle Ngcobo admitted that there was a shortage, but stressed that this was limited to Gauteng which had been hit hard by the third wave of Covid-19. unrestSA covid19 coffins PostKZN
Read more »