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.
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Aptera and its solar car are back from the dead
And so is the government program that killed it
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A decade ago, a small electric vehicle startup died. But now it’s back from the dead and so is the government program that helped kill it.
This zombie company, called Aptera, is once again trying to sell people on a curious idea: an ultra-efficient three-wheeled electric vehicle powered, in part, by solar panels. And like a bad sequel, one of the villains from the first go-round is back, too: the Department of Energy’s Advanced Technology Vehicles Manufacturing program. The same program that famously saved Tesla from an early collapse also helped deliver the death blow to Aptera and a number of other startups along the way.
Liberty News Now
A scandal-plagued “green” auto program that’s fleeced American taxpayers out of huge sums just got another $58 million from the Obama administration to support the development of advanced technology vehicles that meet higher efficiency standards.
The experimental program is known as Advanced Technology Vehicles Manufacturing (ATVM) and it’s one of the president’s many disastrous green-energy investments. The public funds are funneled through the Department of Energy (DOE), which is handing out cash like candy on Halloween. In all, the administration has set aside an astounding $25 billion for the cause and a chunk of it has already been lost on initiatives that have failed miserably.