Hyundai Motor said on Friday that it will again suspend the Sonata-producing plant in South Korea for two days next week due to an electronic parts shortage.
The firm said it is doing all it can to increase productivity and alleviate a worldwide chip shortage
Ford said in March it expected the semiconductor shortage to cost between $1 billion and $2.5 billion
The global chip shortage stems from a confluence of factors as carmakers, which shut plants during the Covid-19 pandemic last year
Sharp coronavirus manufacturing shutdowns a year ago were exacerbated by a prolonged surge in demand for better home broadband equipment
Firms need more time to prepare their DPRs: Govt
SHANGHAI (Reuters) - Smartphone maker Xiaomi has joined a rush of Chinese tech companies venturing into the semiconductor sector, announcing on Wednesday a new chip to help smartphone cameras process images.
Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage
MeitY draws up list of potential players
Biden also signed an executive order on Wednesday aimed at addressing the global semiconductor chip shortage that has alarmed the White House and members of Congress, administration officials said
Output at US factories increased more than expected in Jan even as a shortage of semiconductors weighed on the production of motor vehicles, pointing to resilience in the manufacturing sector recovery
Its presence abroad currently is either through exclusive stores or multi-brand outlets; It now seeks to set up CKD units in priority markets in APAC and LatAm region
Consumers have stocked up on laptops, gaming consoles and other electronic products during the pandemic, leading to tight chip supplies
The results come as chip shortages force automakers such as General Motors Co on Wednesday to cut production at multiple plants
Samsung''s operating profit of 9.05 trillion won (USD 8.13 billion) for the October-December quarter represented a 26.35 per cent increase from the same period a year before
Tata Motors on Friday said it has increased prices of its passenger vehicle (PV) range by up to Rs 20,000 to offset rising input costs and semiconductors. The company joins others like Maruti Suzuki and Mahindra & Mahindra, which have also hiked their vehicles' prices. "Rising input costs and material costs of steel, precious metals and semiconductors have compelled the company to pass on the part of the cost to customers," Tata Motors said in a regulatory filing. The company further said, "Tata Motors has marginally increased prices from 0 to Rs 26,000, depending on the variant. Continuing its commitment towards customers, the company will also offer protection from the price increase to customers who have booked Tata passenger vehicles on or before January 21, it added. Tata Motors currently sells PVs ranging from hatchback Tiago with starting price of Rs 4.7 lakh to SUV Harrier tagged at Rs 19.1 lakh (ex-showroom Delhi). Tata Motors said its PV business has been witnessing ...
Huawei had sold Honor to a consortium of 30 of the sub-brand's agents and dealers in November to help it resume sourcing components restricted by US sanctions
Global automakers including Ford Motor Co, Toyota Motor Corp and Nissan Motor Co Ltd have said they would cut vehicle production
Shortage has affected entire auto sector, may continue for at least first half of 2021, says company; During April-December period of current fiscal, Ford's production was down 56% YoY
Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fueled demand for the chips