The Auto Industry Is Once Again Begging The Government For Help msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Here s what they want from Biden.
Earlier this year, automakers manufacturing vehicles in the United States requested help securing a sufficient semiconductor chip supply from then-president-elect Joe Biden. A few months later, the situation has gotten worse as vital assembly plants have been forced to idle or dramatically scale back operations. Hot-selling vehicles like the Ford F-150 are directly affected, meaning automakers could potentially lose billions of dollars in sales. Dealership inventories are expected to begin dropping slowly without new stock arriving. What to do? Ask President Biden again for assistance, only do so with greater desperation.
The Alliance for Auto Innovation, a US-based auto industry lobbyist group that represents almost all major automakers with US facilities, including Ford, GM, VW, Toyota, and Hyundai, sent a letter earlier this week to Biden and the Commerce Department.
Car industry could take six months to recover from chip shortage
US industry body calls for more state support for manufacturing as production of 1.3m cars affected
6 April 2021 • 7:46pm
Carmakers have warned that the global microchip shortage that has brought automotive factories to a halt could continue to affect production for another six months as they called on the US government to step in.
The Alliance for Auto Innovation, an industry group that represents American car manufacturers, told the White House in a filing that the ongoing shortage could mean 1.3m fewer cars being made in the US than last year.
Auto Industry Requests U.S. Government Help With Chip Shortage
The Alliance for Auto Innovation (AAI) is hard at work begging the federal government for help while the world continues coping with the semiconductor chip shortage, though it’s hardly the first time the industry has asked for or received administrative assistance. With pandemic lockdowns throwing global supply chains into a tailspin, U.S President Joe Biden said his administration would be seeking $37 billion and new legislation to address the chip shortage while federal agencies were directed to see what could be done in the interim.
But there’s little to be done with the brunt of the relevant manufacturing taking place in Asia, hence the AAI lobby requesting U.S. Commerce Department set aside some cash for domestic chip production in a new bill.Â