President Biden and his closest allies are largely ignoring Cornel West, the third-party progressive challenger, even as some Democrats warn about his possible effect on the 2024 race. West is running against Biden as a Green Party candidate, criticizing him for failing to deliver on a sweeping leftist agenda. His candidacy comes amid signs in…
Ford Shuts Down, Cuts Production At 8 Plants Amid Chip Shortage By Dawn Geske
on May 20 2021 9:56 PM The fifth generation of the Ford family are due to take their place on the automaker s board of directors GETTY / SCOTT OLSON
The chip shortage continues to bear down on the auto industry, with more temporary plant shutdowns affecting Ford (F).
Ford said in an internal memo obtained by CNBC that it will temporarily pause or cut production at eight of its North American plants for a period of time through June due to the chip shortage.
The chip shortage has been impacting the auto industry due to the pandemic, which shifted the product toward tech devices when the automotive sector was at a standstill, and consumers were clamoring for computers and home devices to facilitate remote work.