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Volkswagen’s Mexico unit is preparing production stoppages of two of its models next month because of an ongoing worldwide chip shortage crisis, the German automaker said on Monday. Volkswagen will suspend
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Volkswagen has warned managers to get ready for a bigger production hit in the second quarter compared to the first one as the global chip shortage continues. “We are being
Hyundai Motor posted a first-quarter profit that almost tripled to its highest in four years as people purchased its luxury cars but warned it would have to adjust production again
Subaru said on Tuesday that it was suspending production at its plant situated in Indiana through the end of April because of a global shortage of semiconductors. Automakers including Ford
Nissan Motor is set to cut production at some factories in Japan by next month, three sources with direct information of the plan informed Reuters on Thursday. The automaker will
The continued shortage of semiconductors is the only factor weighing on a worldwide recovery of the car sector from the coronavirus crisis, said Herbert Diess, the CEO of Volkswagen. Demand
Ford Motor on Wednesday provided details of another series of plant shutdowns because of the global semiconductor chip shortage, with five facilities in the United States and one facility in
The chief executive of Intel Corp told Reuters on Monday the company is discussing with automakers about starting the production of chips for automakers to ease a shortage that has
South Korean automaker Hyundai Motor said on Friday it has decided to suspend production for two days from Monday at its Asan plant due to chip shortage. It said the
Volkswagen’s luxury sports car unit Porsche AG may need to adjust production to reflect the continued shortage of automotive chips, Handelsblatt reported. “We cannot rule out that we will reduce
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