IHS Markitestimates a
global production loss of 1.3 million units in Q1 2021 resulting from the ongoing semiconductor shortage, as well as shortages of steel and polypropylene, and transit delays at ports. IHS notes the “
impact on new vehicle sales remains to be seen at this stage, as inventory levels remain healthy enough to meet today s demand.”
Due to the semiconductor shortage, production of Ford’s highly profitable F-150 is affected by shutdowns scheduled for
Dearborn Truck Plant the weeks of April 5 and April 12, and the truck side of
Kansas City Assembly the week of April 5. Production of various crossover models is affected by shutdowns of Ford’s Louisville Assembly Plant the weeks of April 12 and April 19, as well as production shutdowns at Oakville Assembly in Ontario the weeks of April 12, 19 and 26; the automaker has cut overtime at multiple plants.
AdBlocker Detected! We know, advertisements are annoying and slow down the internet. Unfortunately, this is how we pay the bills and our authors.
We would love for you to enjoy our content, we ve worked hard on providing it. Please whitelist our site in your adblocker, refresh the page, and enjoy!
GM And Auto Industry Pressing Government To Help Solve Microchip Shortage
We are currently looking for experienced automotive journalists and editors to join our team. Make $60k-$80k per year doing what you love. We are also looking for an experienced forum moderator to join our team. See details here.
by Tyler Durden
Tuesday, Apr 06, 2021 - 12:05 PM
The global chip shortage, which has forced automakers to dial back production, or in some cases, suspend production, is the latest example of supply chain bottlenecks. The shortage is so impactful on the US auto sector that an industry group Monday urged lawmakers on Capitol Hill for support. Chip disruptions could result in 1.28 million fewer vehicles produced this year, and bottlenecks may persist well into the second half of the year. Given the importance of chips to current auto production and future automotive innovation, it would be regrettable if none of the funding under the CHIPS for America Act, once appropriated, was used to increase the resiliency of automotive supply chains through the construction of new facilities that produce or can produce auto-grade chips, John Bozzella, president and chief executive officer of the Alliance for Automotive Innovation, said in written responses to the US Department of Commerce
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.