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Chip Shortage Set to Cost Automakers $110 Billion in Revenue in 2021

Rebecca Urena05/14/2021

2411

The auto industry continues to face a shortage of semiconductor chips which is set to cost USD110 Billion in revenue within 2021, according to consulting firm AlixPartners. The estimate...

Automotive Investing News Market News Technology The Market Buzz

Ford Plummets Despite Better-than-Expected Earnings

Rebecca Urena04/29/2021

1680

Ford Motor (NYSE: F) surpassed Wall Street’s expectations for its first quarter in spite of the worldwide semiconductor chip shortage disrupting the industry. Nevertheless, the company’s stock fell 10.4%...

Automotive Investing News Market News Technology The Market Buzz

General Motors to Extend Plant Shutdowns Amid Chip Shortage

Rebecca Urena02/09/2021

2904

General Motors (NYSE: GM) announced Tuesday that it will be extending provisional shutdowns within three of its factories until mid-March as a result of the global shortage of semiconductor...

Tag: ChipShortage

Chip Shortage Set to Cost Automakers $110 Billion in Revenue in 2021

Ford Plummets Despite Better-than-Expected Earnings

General Motors to Extend Plant Shutdowns Amid Chip Shortage

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