Posted on Feb 5, 2019 2021 at 16:07 Updated on Feb 5 2021 at 16:43 The semiconductor shortage continues to hit the automotive industry, and it no longer spares the French manufacturers. After having long succeeded in dodging the shutdown of production, Renault announced Friday the interruption of activity for two to three days next… Continue reading Renault and PSA hit in turn by the global semiconductor shortage
Tag: GM
Ford CEO promises ‘year of action’ as he accelerates company restructuring and transition to EVs – CNBC
Jim Farley, Ford CEO Ford DETROIT – Ford Motor CEO Jim Farley is promising something Wall Street has been asking from the storied American car manufacturer for years: A clear and decisive plan as the auto industry transitions to electric vehicles. In the coming months, Farley said he “will lay out the entire picture” for… Continue reading Ford CEO promises ‘year of action’ as he accelerates company restructuring and transition to EVs – CNBC
Ford to speed up push to electric autos, digitization
Ford shares rose 1.2 percent in after-hours trading to $11.51. New York: Ford announced Thursday a dramatic acceleration of its investment push into electric autos and signaled deepening collaborations with technology giants on the increased digitization of driving. The US auto giant, released fourth-quarter and annual results, and said it plans $22 billion in electric… Continue reading Ford to speed up push to electric autos, digitization
Ford is more than doubling its investment in electric and autonomous vehicles to $29 billion
Ford is increasing its investment in electric and autonomous vehicles to $29 billion, the company’s top executives said in an earnings call Thursday. The automaker had previously committed to spend $11.5 billion on electrifying its vehicle lineup through 2022. Now, Ford says it will spend double that amount, while extending the timeline to 2025. The… Continue reading Ford is more than doubling its investment in electric and autonomous vehicles to $29 billion
Ford ends electric vehicle deal with China company ‘on cusp of collapse’
Ford Motor Co. has ended its joint venture electric vehicle plans with China’s Zotye, a company with financial troubles so severe that it’s fighting for survival. The Ford development, first reported late Wednesday by Reuters in Shanghai, does not change the automaker’s commitment to producing vehicles for the largest electric vehicle market in the world, spokesman T.R.… Continue reading Ford ends electric vehicle deal with China company ‘on cusp of collapse’
GM investing $75 million to increase truck transmission production
Detroit — General Motors Co. is investing $75 million at its transmission plant in Toledo, Ohio, to increase production of 10-speed automatic transmissions for profit-rich trucks. The automaker plans to field 30 EVs by 2025 and an emissions-free lineup by 2035. But GM isn’t backing down now on supplying its Chevrolet Silverado and GMC Sierra pickups to… Continue reading GM investing $75 million to increase truck transmission production
Chipmaker Xilinx says car supply crunch goes beyond semiconductors
TAIPEI — U.S. chipmaker Xilinx has warned that the supply crunch affecting the auto industry will not be quickly resolved, saying problems extend beyond semiconductor manufacturing to supplies of other materials and components. Victor Peng, Xilinx president and CEO, told Nikkei Asia in an interview that he hoped a serious shortage would not be prolonged… Continue reading Chipmaker Xilinx says car supply crunch goes beyond semiconductors
Chip shortage hits General Motors production
Multiple plants will be affected next week due to backlogs affecting the whole car industry. Go to Source
Microchip Shortage Stunts GM’s Assembly Plant Production
General Motors will shutdown or reduce production at four of its global assembly plants beginning the week of Feb. 8, 2021 due to the ongoing automotive semiconductor shortage, according to the automaker. GM said it will close down its assembly plants in Fairfax, Kansas; Ingersoll, Ontario; and San Luis Potosi, Mexico. The automaker said it… Continue reading Microchip Shortage Stunts GM’s Assembly Plant Production
California leads US sprint towards electric vehicles
NEW YORK: California is “far and away” leading the U.S. shift to electric vehicles, researchers said on Wednesday, as President Joe Biden’s new administration steps up its clean energy drive. California, the most populous U.S. state, is the only one with deadlines for electrifying transit buses, heavy trucks, and commercial vehicles, found an analysis by… Continue reading California leads US sprint towards electric vehicles