Tuesday, May 4, 2021
This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.
Key Developments
U.S. new light-vehicle sales in April predict a
In an earnings call last week,
Ford warned of a potential volume loss approaching
1.1 million vehicles for the full year’s planned production due to the ongoing global semiconductor shortage.
Due to the semiconductor shortage,
GM announced additional downtime for
five North American plants; Volkswagen’s Mexico unit will stop production for certain vehicles in Puebla this month, and
Nissan announced several days of downtime in May for its North American plants.
Chipmaker Chief Says Automakers Won t Get Full Demand Met Until Q3 thedetroitbureau.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedetroitbureau.com Daily Mail and Mail on Sunday newspapers.
$57.65
By comparison, shares of GM’s cross-town rival, Ford Motor Company, fell 5.5 percent, or $0.68, during the same timeframe.
GM Stock Factors
GM stock value was stable this week after several weeks of minor losses and gains. The recent activity follows a dramatic 10-percent gain last month, during which GM stock values crossed the $60-per-share mark on March 17
th, an all-time high for the “new GM,” as well as consistent growth in January that put GM stock value above the $50 per share mark.
The gains seen earlier in April were driven primarily by confirmation of an upcoming all-electric iteration of the popular Chevy Silverado pickup truck. GM stock value hit a record high of $63.44 per share following the announcement.
autoevolution 28 Apr 2021, 13:18 UTC ·
by
A crisis that has wiped out hundreds of millions of dollars in potential income across the automotive industry, the microchip shortage has wreaked havoc on General Motors since the beginning of 2021. But on the upside, the biggest of the Big Three in Detroit is restarting production at the Lansing Grand River assembly plant, thanks to better chip availability. 8 photos
According to Automotive News, the manufacturing facility will return to normal output levels by the end of May. Spanning over 3.4 million square feet in Michigan, the Lansing Grand River complex is responsible for some of the automaker’s worst-selling products, including the Chevrolet Camaro.
Not a single Camaro has been built since mid-March.
While dealerships report record profits due to high demand, automakers are continuing to struggle with semiconductor chip shortage, a critical component for vehicle systems like navigation and Bluetooth. The shortage is highly unlikely to end this year. This has resulted in production downtime at numerous manufacturing facilities across the country as automakers attempt to conserve chip supplies for more profitable models.
Less profitable models, like the Chevrolet Camaro, are typically the first to see their assembly lines grind to a halt. Not a single Camaro has been built since March 15. But today there s some good news.