Automoto Network

TOKYO — Toyota is cutting its global production target in April to 750,000 vehicles, down 150,000 from an earlier plan, the automaker said on Thursday, as a semiconductor shortage and the COVID-19 pandemic bite into its plans. The news comes about a week after Toyota said it would scale back domestic production by up to […] March 18, 2022 at 06:11AM

SAN FRANCISCO — Ford plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply constraints, a spokeswoman told Reuters on Friday. The changes come a day after the Detroit automaker warned a chip shortage would lead to a decline to […] February 06, 2022 at 07:00AM

DETROIT — The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots. Ford’s net income of $1.83 billion fell 23% from a year ago, while GM’s profit dropped 40% to $2.4 billion. High prices, mainly […] October 28, 2021 at 06:49AM

DETROIT — General Motors is more than halfway through shipping newly-assembled pickups that it had parked due to a shortage of semiconductor chips, a top executive at the No. 1 U.S. automaker said on Friday. “We’ve made great progress,” Steve Carlisle, GM’s North American chief executive said at the Reuters Events Automotive Summit. “We’re a […] October 23, 2021 at 06:47AM

DETROIT — The global shortage of computer chips is getting worse, forcing automakers to temporarily close factories including those that build popular pickup trucks. General Motors announced Thursday that it will pause production at North American plants during the next two weeks, including two that make the company’s top-selling Chevrolet Silverado pickup. The largest U.S. […] September 03, 2021 at 06:47AM

The chip shortage is continuing to take its toll on the automotive industry, and the Ford Mustang Mach-E is the latest big-name example to be delayed. According to an email from Ford posted on MachEForum.com, customers who placed orders for or are expecting a Mach-E to be delivered between July 5 and October 1 should […] August 13, 2021 at 07:02AM

DETROIT — Nissan says its huge factory in Smyrna, Tennessee, will close for two weeks starting Monday due to computer chip shortages brought on by a coronavirus outbreak in Malaysia. The shutdown is among the longest at any U.S. auto plant of this size since the semiconductor shortage, which has hobbled auto production worldwide, started […] August 12, 2021 at 07:32AM

DETROIT — Despite a computer chip shortage that temporarily closed some of its factories, General Motors made a healthy $2.8 billion net profit in the second quarter. The earnings came even though GM plants cranked out 200,000 fewer vehicles than they did during the same period in 2019, the last comparable quarter before the coronavirus […] August 05, 2021 at 06:47AM

Ford Motor Co. overcame a critical parts shortage and managed to post a surprise profit in the second quarter, thanks to surging prices on models that have become harder to find on dealer lots. The automaker on Wednesday also raised its full-year forecast for adjusted earnings to a range of $9 billion to $10 billion […] July 29, 2021 at 07:03AM

Ford Motor Co said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors. The supply crunch would cost it $2.5 billion this year and halve vehicle production in the second quarter, the Dearborn, Michigan-based company had said in […] July 02, 2021 at 07:00AM

TOKYO — Availability of the new Nissan Ariya electric crossover will be postponed due to the Covid pandemic and a worldwide deficiency of chips, a senior leader at the carmaker said on Friday. Nissan reported a year ago that it had intended to start deals of the Ariya in Japan from mid-2021. However, the rollout in Japan […] June 05, 2021 at 07:33AM

General Motors anticipates that first half 2021 financial results should be altogether better compared to estimate before as semiconductor chip conveyances get in the subsequent quarter, the automaker said on Thursday. The Detroit-based organization additionally said it would increase creation of huge and average size pickups, delivering around 1,000 more Chevrolet Silverado HD and GMC […] June 04, 2021 at 06:45AM

Common Motors stated Thursday it will likely be quickly be restarting manufacturing at 5 meeting crops all over the world which were idled because of a world semiconductor chips scarcity. GM stated it’s restarting operations at 4 crops in the US, Mexico and Canada beginning subsequent week. Two crops in Mexico — San Luis Potosi […] May 29, 2021 at 06:48AM