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Global chip shortage hits Apple, BMW, Ford as crisis worsens

Global chip shortage hits Apple, BMW, Ford as crisis worsens Peter Vercoe, Bloomberg News VIDEO SIGN OUT The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple Inc. and Samsung Electronics Co. in flagging production cuts and lost revenue from the crisis. In a dizzying stretch of 12 hours, Honda Motor Co. said it will halt production at three plants in Japan for around five to six days next month; BMW AG flagged it will pause Mini car production at its Oxford, England, factory for three days; and Ford Motor Co. reduced its full-year earnings forecast due to the debilitating chip shortage, which it sees extending into next year.

Soult ukpyolsiSouth koreaElon muskLuca maestriLee han joonBen stantonJohn lawlerCanalys researchMitsubishi motors corpJaguar land rover automotive plcSamsung electronics coFord motor coHana daetoo securities coInvestment securities coTesla incHonda motor co

Global chip drought hits Apple, Samsung, BMW, Ford as crisis worsens

The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple Inc. and Samsung Electronics Co. in flagging production cuts and lost revenue from the crisis. In a dizzying 12-hour stretch, Honda Motor Co. said it will halt production at three plants in Japan; BMW AG cut shifts at factories in Germany and England; and Ford Motor Co. reduced its full-year earnings forecast due to the scarcity of chips it sees extending into next year. Caterpillar Inc. later flagged it may be unable to meet demand for machinery used by the construction and mining industries.

Soult ukpyolsiSouth koreaLee han joonBen stantonJohn lawlerPekka lundmarkLuca maestriElon muskJean marc cheryNokia oyjCanalys researchJaguar land rover automotive plcMitsubishi motors corpSamsung electronics coFord motor coBloomberg television

Car firms, tech giants feel squeeze of worsening chip shortage

The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple Inc. and Samsung Electronics Co. in flagging production cuts and lost revenue from the crisis. In a dizzying stretch of 12 hours, Honda Motor Co. said it will halt production at three plants in Japan for around five to six days next month; BMW AG flagged it will pause Mini car production at its Oxford, England, factory for three days; and Ford Motor Co. reduced its full-year earnings forecast due to the debilitating chip shortage, which it sees extending into next year.

Soult ukpyolsiSouth koreaElon muskLuca maestriLee han joonBen stantonJohn lawlerCanalys researchMitsubishi motors corpJaguar land rover automotive plcSamsung electronics coFord motor coHana daetoo securities coInvestment securities coTesla incHonda motor co

Global Chip Drought Hits Apple, BMW, Ford as Crisis Worsens

Global Chip Drought Hits Apple, BMW, Ford as Crisis Worsens
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.

Soult ukpyolsiSouth koreaLee han joonBen stantonJohn lawlerPekka lundmarkLuca maestriElon muskJean marc cheryNokia oyjCanalys researchJaguar land rover automotive plcMitsubishi motors corpSamsung electronics coFord motor coHana daetoo securities co

Tata Motors Ltd (NYSE:TTM), Ford Motor Company (NYSE:F) - Land Rover To Temporarily Suspend UK Production Due To Chip Shortage

Tata Motors Ltd (NYSE:TTM), Ford Motor Company (NYSE:F) - Land Rover To Temporarily Suspend UK Production Due To Chip Shortage
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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