In an interview with Germany industry magazine Automobilwoche the sales chief of luxury carmaker Porsche AG said, he expects another record year in terms of sales despite the global shortage of semiconductors. “When I look at the current orders, I’m confident… Read More ›
global shortage
UK, South Korea seek to sign trade deal boosting supply chain resilience
On Monday, South Korea and Britain are scheduled to sign an agreement to reinforce supply chains for key products which have been hammered by the Coronavirus pandemic. British trade minister Anne Marie Trevelyan is scheduled to host her counterpart Yeo… Read More ›
Britain’s automotive sector churns up productions, caught up chip shortage whirlpool
In the first half of this year, although car production in Britain has risen by nearly a third from last year’s slump, volumes are however down on the five-year average with the coronavirus-induced COVID-19 pandemic continuing to cause staffing and… Read More ›
Global chip shortage to cost automakers $110 billion in 2021: AlixPartners
In a report consulting firm AlixPartners said, the global shortage of semiconductors is likely to cost automakers $110 billion in lost revenues in 2021, up from a previous estimate of $61 billion. It expects the crisis to effect the production… Read More ›
2021 revenues and pre-tax profits off to a good start: Daimler AG
On Wednesday, German carmaker Daimler AG said, its revenues in 2021 have got off to a good start. This is despite a global shortage of semiconductors plaguing the automobile industry. Daimler now plans on speeding up the shift towards electric… Read More ›
Compression issues in Rolls Royce engine lead to Japanese Airline ANA Holdings canceling 113 domestic flights
Rolls Royce has stated progress on fixing compression issues with its Trent 1000 engines C and Trent 1000 engines B have been slow due to a global shortage of replacement parts. On Wednesday, Japanese airline ANA Holdings Inc disclosed it… Read More ›