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$110 billion in revenue and 3.9 million production vehicles this year due to the semiconductor shortage. Fordannounced shift reductions and additional downtime for two plants in Michigan and Kentucky for the week of May 24, impacting production of the F-150, and the Escape and Lincoln Corsair SUVs. A record 10% increase in used vehicle prices between March and April accounted for approximately one-third of the overall rise in the most recent Consumer Price Index. The Mexican Labor Ministryinvalidated a union vote at a GM plant in Silao after United States Trade Representative Katherine T...

$110 billion in revenue and  3.9 million production vehicles this year due to the semiconductor shortage. Ford announced shift reductions and additional downtime for two plants in Michigan and Kentucky for the week of May 24, impacting production of the  F-150, and the Escape and Lincoln Corsair SUVs. A record 10% increase in  used vehicle prices between March and April accounted for approximately one-third of the overall rise in the most recent Consumer Price Index. The  Mexican Labor Ministry invalidated a union vote at a GM plant in Silao after  United States Trade Representa...

Statement in response to the 2021-22 Federal Budget There is no change to appropriation funding for CSIRO, following the Government’s additional funding commitment in October’s budget of $459 million over four years, to address any reduction to CSIRO’s external revenue resulting from the impact of COVID-19. There are, however, a number of new initiatives that CSIRO will be central to: A Digital Economy Strategy investment of $1.2 billion covering a range of measures including: An investment of $53.8 million over four years to create the National Artificial Intelligence Centre that will ...

Date Time QRC welcomes tech-driven approach to reducing emissions The Queensland Resources Council (QRC) has welcomed the Federal Government’s technology-driven approach to reducing emissions announced in last night’s budget, saying it will drive new investment into this crucial area for resources. $1.2 billion has been allocated towards establishing international partnerships on low-emissions technology projects and to support hydrogen and carbon capture use and storage initiatives. A further $1.6 billion over 10 years will encourage investment in technologies (identified in its Technolo...

This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Key Developments - LMC...