Losses widen at Tata Motors on chip shortages, rising expenses

Tata’s India enterprise recovered sharply within the third quarter. India’s Tata Motors reported its third straight quarter of losses on Monday as chip shortages and rising uncooked materials costs hit the automaker’s backside line. Internet losses widened to 44.41 billion rupees ($592.81 million) within the three months ending September 30, in comparison with a lack […]

Chip shortage puts a brake on auto industry

Unfinished vehicles parked outdoors the Volkswagen Navarra manufacturing unit in Pamplona, Spain, earlier this yr because of the lack of laptop chips. Initially downplayed by auto {industry} bosses, the worldwide scarcity of laptop chips has worsened and severely hampered carmakers, in keeping with their newest outcomes. Stellantis and Volkswagen on Thursday every reported manufacturing shortfalls […]

On Nov. 1, no GM plants will be closed due to chip shortage

The Chevrolet Silverados and GMC Sierra pickups constructed at Flint Meeting are packed on Sept. 21, 2021. For the primary time in eight months, the worldwide scarcity of laptop chips will not power Common Motors to shut any North American factories. The corporate says Friday, Oct. 22, that as of Nov. 1, all crops that […]

Elon Musk says chip shortage only ‘short term’

Elon Musk’s Tesla has benefited from a increase in electrical car gross sales. Tesla boss Elon Musk on Friday stated {that a} world semiconductor scarcity hitting automotive corporations particularly arduous can be overcome quickly. The chip drought is “brief time period, I feel,” the billionaire stated in an look by video at Italian Tech Week […]

Feds Taking Harder Stance on Chip Shortage, May Suspect Hoarding

Narumon BowonkitwanchaiGetty Photos The U.S. authorities is not going to make use of the Protection Manufacturing Act to power firms to start out making chips (that takes too lengthy), however they could use it to get higher info out of automakers and different huge chip customers as a way to determine what’s actually occurring. Commerce […]