chip shortage

Rental cars will stay expensive until automakers get more microchips

Posted in REVIEWS on September 15, 2021
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Just as with the microchip shortage, rental car prices have generated dueling headlines for most of the year. With chips, everyone agrees that the shortage is dire, and the disagreements center on how long it will take to get enough chips back in the system for automakers to return to reliable production. With rental cars, everyone agrees that prices have been breathtaking, and the disagreements center on when will it stop costing a house payment Read More »

GM idling 8 plants, Ford halting pickup line as chip shortage worsens

Posted in REVIEWS on September 2, 2021
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DETROIT — The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday that it will pause production at North American plants during the next two weeks, including two that make the company's top-selling Chevrolet Silverado pickup. The largest U.S. automaker will halt production next week at its Fort Wayne plant in Indiana and its Silao plant in Mexico, both Read More »

Mercedes Q3 sales will take a hit from chip shortage

Posted in REVIEWS on September 2, 2021
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BERLIN — Daimler expects significantly lower sales at its Mercedes unit in the third quarter compared to the previous one due to a global shortage in semiconductors, its chief executive told Automobilwoche weekly. "With the plant closings at semiconductor suppliers in Malaysia and elsewhere, the challenge has now become even greater, so that our sales in the third quarter will probably be noticeably below the second quarter," Ola Kaellenius said in an interview published on Read More »

Ford Mustang Mach-E hit with delay due to chip shortage

Posted in REVIEWS on August 12, 2021
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The chip shortage is continuing to take its toll on the automotive industry, and the Ford Mustang Mach-E is the latest big-name example to be delayed. According to an email from Ford posted on MachEForum.com, customers who placed orders for or are expecting a Mach-E to be delivered between July 5 and October 1 should expect their cars to be delayed. Ford is citing the “global semiconductor chip shortage” in the letter as the reason Read More »

Volvo shuts down Gothenburg plant due to chip shortage

Posted in REVIEWS on August 11, 2021
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STOCKHOLM — Volvo Cars, owned by China's Geely Holding, will temporarily stop production at its Swedish plant in Gothenburg due to the shortage of semiconductor chips, it said on Wednesday. A global chip shortage has hit manufacturing, with automakers cutting down on production and electronic device makers struggling to keep up with a pandemic-led surge in demand for phones, TVs and gaming consoles. "Production at Torslanda will be paused temporarily from this evening due to Read More »

Nissan's big Tennessee plant faces 2-week shutdown over chip shortage

Posted in REVIEWS on August 11, 2021
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DETROIT — Nissan says its huge factory in Smyrna, Tennessee, will close for two weeks starting Monday due to computer chip shortages brought on by a coronavirus outbreak in Malaysia. The shutdown is among the longest at any U.S. auto plant of this size since the semiconductor shortage, which has hobbled auto production worldwide, started to hit late last year. Nissan said Tuesday that it ran short of chips due to a COVID-19 outbreak at Read More »

Despite chip shortage, GM posts $2.8 billion profit, boosts its forecast

Posted in REVIEWS on August 4, 2021
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DETROIT — Despite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter. The earnings came even though GM plants cranked out 200,000 fewer vehicles than they did during the same period in 2019, the last comparable quarter before the coronavirus pandemic. The automaker told the same story as competitors Ford, Stellantis and others, saying that high prices and strong demand Read More »

Ford posts surprise profit as prices surge for scarce vehicles

Posted in REVIEWS on July 28, 2021
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Ford Motor Co. overcame a critical parts shortage and managed to post a surprise profit in the second quarter, thanks to surging prices on models that have become harder to find on dealer lots. The automaker on Wednesday also raised its full-year forecast for adjusted earnings to a range of $9 billion to $10 billion before interest and taxes. That’s an increase of about $3.5 billion from its previous projection and at least triple what Read More »

Tesla reaches milestone with first $1 billion quarterly profit

Posted in REVIEWS on July 26, 2021
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SAN RAMON, Calif. — Tesla's quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer's ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers. The financial milestone announced Monday extended a two-year run of prosperity that has erased questions about Tesla’s long-term viability raised during its early years of losses and production problems. Tesla now has cemented its position as the Read More »

Daimler racks up huge profit as chip shortage boosts car prices

Posted in REVIEWS on July 15, 2021
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Daimler AG posted far higher earnings than analysts expected by joining peers in commanding better pricing for vehicles in the midst of the global semiconductor shortage. Preliminary earnings before interest and taxes surged to 5.19 billion euros ($6.1 billion) in the second quarter, the Mercedes-Benz maker said late Wednesday, beating a company-compiled consensus of 4.11 billion euros. Profit margin at the cars and vans division reached double digits for a third straight quarter. Daimler joins Read More »

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