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Showing posts with the label AUTOMOBILE INDUSTRY

Automobile manufacturers may be forced to spend $210 billion this year because of supply chain delays: Report

  Global automakers   may want to lose $210 billion in sales this year due to supply chain disruptions, almost double a forecast in advance this yr, consulting firm Alixpartners stated Thursday. A scarcity of semiconductors is just a part of the problem,  Alixpartners  said in a new forecast. High charges and tight resources of commodities which include metal and plastic resin are riding up expenses and forcing automakers to curtail production. Automakers are on the right track to lose manufacturing of seven.7 million cars in 2021, in line with the brand new forecast. Alixpartners advises automakers on supply chain and other problems. In May, the firm expected automakers might lose $110 billion in revenue and fall three.9 million cars short of manufacturing plans for the year. The dour new forecast comes amid warnings from automakers and commercial truck producers that semiconductor shortages and commodity fee spikes are not easing as 2021 heads into its final months...

The 1,219% increase shows both profit and the impact of the chip crisis on this obscure Taiwanese firm

  Nan Ya Printed Circuit Board Corp. Is infrequently a household call inside the tech industry. But the difficult to understand Taiwanese corporation makes an important aspect for chipmaking that has become the ultra-modern bottleneck for automakers and electronics organizations suffering from semiconductor shortages. The component is going via the unwieldy name of Ajinomoto construct-up movie (ABF) substrate and it’s one of the least glamorous niches in the  chips industry . It’s a part of the packaging that protects the handful of chips needed to power your computer or vehicle and allows communique amongst them. Many of the world’s maximum superior semiconductors can’t run without the substrates. So at the same time as giants like Intel Corp. And  Taiwan  Semiconductor Manufacturing Co. Spend hundreds of billions trying to alleviate chip shortages, the lack of that unmarried element could avoid production for years. Supplies are probable to stay restrained till at ...

A key executive at Apple's self-driving car project exits, putting the company's next big initiative at risk

  The abrupt departure of   Apple   Inc.’s top automobile government imperils its efforts to broaden a   self-driving   car, a assignment that’s been visible as one of the tech large’s largest bets. Doug Field, a Tesla Inc. Veteran who joined Apple in 2018 to go up its car project, left Tuesday to come to be Ford Motor Co.’s chief superior era officer. The assertion, which got here after Bloomberg first stated the news, made handiest passing reference to Field’s paintings at Apple. Field’s go out calls into query the development Apple has made toward growing the technology and experience needed to compete inside the vehicle industry. It’s simply the ultra-modern upheaval for the division: Field is the fourth government main the Apple vehicle task to step away in its seven-year history. Not that growing self-using motors has been smooth for anybody else. Tesla, the market leader in electric powered automobiles, is still in all likelihood years away from imparting...