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Honda Motor on Friday reported a rebound to profit for the fourth quarter, helped by cost reductions but warned semiconductor shortages and higher raw material costs would cut growth in
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The global semiconductor chip shortage is going to cost automakers $110 billion in lost revenues in 2021, increasing from a prior estimate of $61 billion, according to consulting firm AlixPartners,
Ford Motor is redesigning automotive parts for using more accessible chips in response to the global semiconductor shortage, the automaker’s CEO said on Thursday. Jim Farley, speaking at automaker’s online
Toyota Motor forecast its profit would get back to pre-2020 levels this year, as the world’s biggest automaker showed confidence that it can deal with the global chip shortage that
Volkswagen expects semiconductor supplies to the auto sector to remain tight in coming months, the head of the automaker’s namesake brand said on Saturday. “I think the situation will remain
Ford Motor said on Monday it was cutting production at its plants in Cologne and Saarlouis for the next few weeks because of a semiconductor chip shortage. “The situation on
Volkswagen CEO wants to follow the example of Apple and Tesla. Volkswagen prepares to design and develop its own high-powered chips for autonomous vehicles, together with the required software, CEO
Japanese automaker Nissan’s Aguascalientes factory in central Mexico will shut operations for seven days in May due to a lack of semiconductors, the automaker said on Thursday. The company added
Ford Motor on Wednesday said it expects a worldwide semiconductor shortage to ease this summer but may not be fully resolved until the next year. The automaker reported a strong
Honda Motor will suspend three plants in Japan as many as six days in May because of continued chip shortage, a spokesman said on Wednesday. The automaker will suspend two
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