Tuesday, April 20, 2021
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President Biden meeting with execs sparks semiconductor chip recovery, but...

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On Monday, President Joe Biden met with executives virtually in the auto, tech, consumer electronics, and biotech industries to discuss the semiconductor chip shortage that’s affecting manufacturing and supply not just nationwide, but globally. In attendance were key industry participants including GM’s Mary Barra, Ford’s Jim Farley, and Intel’s Pat Gelsinger. The virtual CEO Summit […]
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Toyota

Toyota makes a robust update to profit forecast

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The world’s best-selling automakers has now updated their full-year profit expectations after realizing a net profit increase of 50% in the third quarter of their fiscal year. Toyota Motor Corp increased their yearly earnings by 54% on the news – a surprising move as other automakers worldwide continue to fall behind in production.  After announcing a Q2 […]
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chip

As semiconductor chip shortage deepens, new solutions come to light

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A semiconductor chip shortage continues to vex the auto industry worldwide. Several factories across nameplates such as Ford, Subaru, Toyota, Volkswagen, Audi, Nissan, Chrysler, and Dodge have been significantly throttled down as semiconductor chips are in short supply. These shortages have become a worldwide concern with Ford of India and VW’s operations in China just a couple of […]
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semiconductor

Additional factories idled due to semiconductor chip shortages

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Many of the major car manufacturers in the United States are feeling the pinch as parts suppliers are unable to provide the necessary microchips for assembly. Production has been delayed in some capacity by Fiat Chrysler, Ford, Toyota, Nissan, and Volkswagen, and others are likely affected as well.  AP News is reporting that Ford’s Louisville, KY […]
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