Page 13 - மிட்‌ஸ்யூபீஶி மோட்டார்கள் கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Synopsis The shortfall of critically needed semiconductors has forced the entire auto industry to cut output, leaving thin inventories at dealerships just as consumers emerge from Covid-19 lockdowns. iStock Ford expects a $2.5 billion hit to earnings due to scarce chip supplies. 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 researchMitsubishi motors corpJaguar land rover automotive plcSamsung electronics coFord motor coBloomberg television