Auto Sector Crisis
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Major Events That Affected Auto Sector In 2021
Here are the few significant events that the Indian automotive sector witnessed this year.
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U.S. Commerce Chief To Make Pitch For Chips Funding In Michigan
Raimondo is visiting a United Auto Workers local hall and meeting with Michigan politicians, officials from General Motors Co, Ford Motor and Chrysler-parent Stellantis on the chips push.
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In Mexico's Auto Heartland, Workers Struggle As Chip Shortage Bites
A global semiconductor shortage is hitting Mexico's auto workers hard as employers slash output, reduce shift work and cut jobs due to supply-chain breakdowns.
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Autos, Energy And Migration On U.S., Canada, Mexico Joint Agenda
The three governments want to take advantage of a new trade deal known as the United States-Mexico-Canada Agreement (USMCA) to deepen supply chains, but that push has been clouded by months of wrangling over disputes in the auto industry.
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Nine Governors Press U.S. Lawmakers To Pass Semiconductor Funding Bill
A bipartisan group of governors from nine states sent a letter on Wednesday to U.S. lawmakers urging them to pass subsidies for semiconductor factories that would produce chips for cars.
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Daimler Quarterly Profits Up Despite Chip Crisis
The Mercedes-Benz maker said in a statement its net profit surged 19 percent year-on-year to 2.57 billion euros ($3.0 billion) while earnings before interest and taxes rose four percent to 3.61 billion euros.
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China Industry Ministry Expects Auto Chips Shortage To Ease In Q4
China's industry ministry expects the chips shortage that has impacted the automotive sector will ease in the fourth quarter of this year, a government official said on Tuesday.
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India's CV Industry Is Recovering From The Pandemic, But Real Growth Is Still Far Away
The commercial vehicle space was one of the more badly affected segments due to the COVID-19 pandemic, however, with the gradual reopening of the economies the CV industry too started to recover. However experts believe real growth is still a bit far away.
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Auto Sales April 2021: Industry Records A MoM Slump of 30.18 Per Cent Amidst COVID-19 Crisis
The prevailing COVID-19 crisis has taken a toll on auto sales with majority of the sates including major ones like New Delhi, Uttar Pradesh, Maharashtra and Karnataka among others are under partial lockdown.
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Chip Shortage In Focus As Japan Automakers Ready To Report Profit Drop
While Japan's biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production.
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Chip Shortage: Auto Sector Urges US Congress to Help Fund Semiconductor Production
The US auto industry and United Auto Workers union urged Congress to tie billions of dollars in government funding to boost semiconductor production to help fill the needs of automakers forced to slash production because of chip shortages.
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'The Fuel Delivery' Begins Operations In Mumbai Amidst COVID-19 Crisis
'The Fuel Delivery' says that given the pandemic running through the second wave, it will be a win-win offer for the consumers as they can maintain social distancing norms through contactless delivery by avoiding long queues at fuel filling stations.
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Bundesbank Expects Chip Bottlenecks In German Industry To Worsen In Q2: Report
The chip supply bottlenecks in German industry will likely worsen in the second quarter and lead to an overall weaker recovery of Europe's largest economy this year, the Bundesbank's chief economist told Reuters on Friday.
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Chip Shortage Casts Shadow On China's Auto Industry Recovery
Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China, after hoping the world's biggest car market could spearhead global recovery in the sector.
-
Indian Automakers Fear Container Shortage To Hit Parts Supply, Output
Automakers in India are bracing for a parts shortage and possible production losses over the next three to four months due to a global shortage of available shipping containers.
-
Major Events That Affected Auto Sector In 2021
Here are the few significant events that the Indian automotive sector witnessed this year.
-
U.S. Commerce Chief To Make Pitch For Chips Funding In Michigan
Raimondo is visiting a United Auto Workers local hall and meeting with Michigan politicians, officials from General Motors Co, Ford Motor and Chrysler-parent Stellantis on the chips push.
-
In Mexico's Auto Heartland, Workers Struggle As Chip Shortage Bites
A global semiconductor shortage is hitting Mexico's auto workers hard as employers slash output, reduce shift work and cut jobs due to supply-chain breakdowns.
-
Autos, Energy And Migration On U.S., Canada, Mexico Joint Agenda
The three governments want to take advantage of a new trade deal known as the United States-Mexico-Canada Agreement (USMCA) to deepen supply chains, but that push has been clouded by months of wrangling over disputes in the auto industry.
-
Nine Governors Press U.S. Lawmakers To Pass Semiconductor Funding Bill
A bipartisan group of governors from nine states sent a letter on Wednesday to U.S. lawmakers urging them to pass subsidies for semiconductor factories that would produce chips for cars.
-
Daimler Quarterly Profits Up Despite Chip Crisis
The Mercedes-Benz maker said in a statement its net profit surged 19 percent year-on-year to 2.57 billion euros ($3.0 billion) while earnings before interest and taxes rose four percent to 3.61 billion euros.
-
China Industry Ministry Expects Auto Chips Shortage To Ease In Q4
China's industry ministry expects the chips shortage that has impacted the automotive sector will ease in the fourth quarter of this year, a government official said on Tuesday.
-
India's CV Industry Is Recovering From The Pandemic, But Real Growth Is Still Far Away
The commercial vehicle space was one of the more badly affected segments due to the COVID-19 pandemic, however, with the gradual reopening of the economies the CV industry too started to recover. However experts believe real growth is still a bit far away.
-
Auto Sales April 2021: Industry Records A MoM Slump of 30.18 Per Cent Amidst COVID-19 Crisis
The prevailing COVID-19 crisis has taken a toll on auto sales with majority of the sates including major ones like New Delhi, Uttar Pradesh, Maharashtra and Karnataka among others are under partial lockdown.
-
Chip Shortage In Focus As Japan Automakers Ready To Report Profit Drop
While Japan's biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production.
-
Chip Shortage: Auto Sector Urges US Congress to Help Fund Semiconductor Production
The US auto industry and United Auto Workers union urged Congress to tie billions of dollars in government funding to boost semiconductor production to help fill the needs of automakers forced to slash production because of chip shortages.
-
'The Fuel Delivery' Begins Operations In Mumbai Amidst COVID-19 Crisis
'The Fuel Delivery' says that given the pandemic running through the second wave, it will be a win-win offer for the consumers as they can maintain social distancing norms through contactless delivery by avoiding long queues at fuel filling stations.
-
Bundesbank Expects Chip Bottlenecks In German Industry To Worsen In Q2: Report
The chip supply bottlenecks in German industry will likely worsen in the second quarter and lead to an overall weaker recovery of Europe's largest economy this year, the Bundesbank's chief economist told Reuters on Friday.
-
Chip Shortage Casts Shadow On China's Auto Industry Recovery
Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China, after hoping the world's biggest car market could spearhead global recovery in the sector.
-
Indian Automakers Fear Container Shortage To Hit Parts Supply, Output
Automakers in India are bracing for a parts shortage and possible production losses over the next three to four months due to a global shortage of available shipping containers.
