Chip Shortage

Renault Nets $1 Billion Profit in 2021 Despite Chip Shortage; Looks to Bolster EV Business With Spinoff

Renault Nets $1 Billion Profit in 2021 Despite Chip Shortage; Looks to Bolster EV Business With Spinoff

Renault delivered some excellent news to its investors, with the French automaker reporting a bigger than expected net profit of $1.0 billion (888 million euros) in 2021, as well as an operating margin of 3.6 percent. more

Tesla

Chip Shortage Forces Tesla to Omit Steering Component: Unit Removed to Hit 4Q Sales Goals in 2021

It appears Tesla was not immune to the supply chain issues that ravaged the global auto industry last year with the computer chip shortage forcing the world's leading electric car maker to remove one of the two electric control units that are normally equipped in the steering racks of some of its vehicles. more

Semiconductor Shortage Hits Ford Again; Automaker Cuts Production of Mach-E, F-150, and Bronco

Semiconductor Shortage Hits Ford Again; Automaker Cuts Production of Mach-E, F-150, and Bronco

Supply chain issues are wreaking havoc on Ford Motor again. On Friday, February 4, the automaker announced that it would be cutting production of several key products this week due to an ongoing shortage of semiconductor chips globally. more

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