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06Apr2021 Midday Update: Oil Rises On Strong Economic Growth Signals, WTI Steady At 59 58, DOW Down 50 Points At 1 ET, Nasdaq Up 0 4%, A Global Helium Shortage Is Now Looming

06Apr2021 Midday Update: Oil Rises On Strong Economic Growth Signals, WTI Steady At 59 58, DOW Down 50 Points At 1 ET, Nasdaq Up 0 4%, A Global Helium Shortage Is Now Looming
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Automotive Industry: Supply Chain Shortages; EV Infrastructure

Tuesday, April 6, 2021 This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.  Key developments IHS Markit predicts a  global production loss of 1.3 million vehicles in Q1 2021 due to supply chain challenges that include shortages of semiconductors, steel and polypropylene. Due to the semiconductor shortage,  F-150. Preliminary estimates for  U.S. new light-vehicle  inventories have declined by 21% industrywide compared to the same period one year ago. potential shift away from the just-in-time production model for certain critical components. The  Biden administration will host a meeting with automotive and semiconductor companies on April 12 to discuss the global chip shortage.

Industry Group Pushes Biden to Spend on Chip Production

Industry Group Pushes Biden to Spend on Chip Production CEO pushes administration to ensure production for U.S. companies. Automakers keep pressuring the Biden administration to find a way to resolve the semiconductor shortage and ensure it doesn’t happen again. The chorus of voices calling for the Biden administration to assist with the ongoing semiconductor shortage got another member today. The Alliance for Automotive Innovation implored the U.S. Commerce Department to secure dedicated funding to expand U.S. semiconductor production, in particular to address the needs of the automotive industry. The prolonged battle automakers have waged trying to secure chips to keep production lines rolling as the country emerges from the COVID-19 pandemic has been a seesaw affair. U.S.-based auto plants have been forced to eliminate overtime, slow down and shut down production at facilities across the country.

Biden aims to juice EV sales, but would his plan work? | News, Sports, Jobs

Biden aims to juice EV sales, but would his plan work? | News, Sports, Jobs
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Chargers Everywhere : Biden Maps $174 Billion Path for EV Boom

(Bloomberg) Try refreshing your browser, or Chargers Everywhere : Biden Maps $174 Billion Path for EV Boom Back to video The U.S. auto industry sees President Joe Biden’s infrastructure package as accelerating a global shift toward electric vehicles, thanks to the $174 billion proposed for charging stations, planned consumer rebates for American-made EVs and a pledge to electrify the government’s fleet. The proposal, which requires congressional approval, is likely to be targeted by progressives as too little in scope and by Republicans as unfairly using taxpayer funds to help the alternative energy sector while harming others, such as the oil industry. Market researchers, oil-energy advocates and other critics warn that it may not be enough to make a dent in the sale of gas guzzlers in the U.S. any time soon.

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