U.S. lawmakers should prioritize automotive chips needs: industry By Syndicated Content
May 7, 2021 9:08 AM
WASHINGTON (Reuters) – The U.S. auto industry and United Auto Workers union on Friday urged Congress to tie billions of dollars in government funding to boost semiconductor production to chip needs of automakers forced to slash production because of shortages.
Congress “should prioritize production of the semiconductors necessary to assemble vehicles here in the United States. This will ensure that motor vehicle manufacturers have a fair share of chips needed to meet consumer demand,” said the American Automotive Policy Council, Motor & Equipment Manufacturers Association and UAW on Friday in a joint statement. Tens of thousands of auto workers have faced layoffs because of production cuts due to chip shortages.
Auto sector urges U.S. Congress to help fund its computer chip needs
By David Shepardson
Reuters
WASHINGTON (Reuters) -The U.S. auto industry and United Auto Workers union on Friday urged Congress to tie billions of dollars in government funding to boost semiconductor production to help fill the needs of automakers forced to slash production because of chip shortages.
Congress should prioritize production of the semiconductors necessary to assemble vehicles here in the United States. This will ensure that motor vehicle manufacturers have a fair share of chips needed to meet consumer demand, said the American Automotive Policy Council, Motor & Equipment Manufacturers Association and UAW on Friday in a joint statement.
U S lawmakers should prioritize automotive chips needs -- industry reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Widespread Commodity Shortages Raise Inflation Fears
For products as diverse as lumber and microchips, price increases are filtering through the economy.
An apartment complex in Orlando, Fla., being built by Roger B. Kennedy Construction, which says many of its suppliers are raising their prices 10 to 20 percent.Credit.Octavio Jones for The New York Times
May 3, 2021, 5:00 a.m. ET
WASHINGTON In a normal year, Ron Whelan, vice president of Roger B. Kennedy Construction, receives one or two “Dear Valued Customer” letters from suppliers notifying him of price increases for certain materials. This year, a stack of 30 such warnings sits on his desk in Orlando, Fla., alerting him that things as diverse as lumber, drywall, aluminum and steel are going to cost 10 to 20 percent more.
Automotive News podcast hosted by
AN publisher Jason Stein. In this edition, Matt Blunt, president of the American Automotive Policy Council and former Missouri governor, says the semiconductor shortage highlights the need to build a more diverse network of suppliers in the U.S.
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