Ford Motor Co shutters Kansas City assembly plant citing chip shortage

In a statement Ford Motor Co said, it will temporarily close its Kansas City assembly plant which builds its best-selling F-150 pickup truck because of a shortage of semiconductor-related parts. The shortage is caused by the COVID-19 pandemic in Malaysia. Production is slated to resume in August 23, said the U.S. automaker while adding, it…

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China’s Volvo Cars stop production citing chip shortage

China’s Geely Holding-owned Volvo Cars will temporarily stop production at its Swedish plant in Gothenburg because of a shortage of semiconductors. A global crunch of chips has hit carmakers hard, with many forced to cut down on production. Electronic device makers are also struggling to keep up with a pandemic-led demand for gaming consoles, phones,…

Chip shortage likely to impact nearly 1M vehicle production during Q1: IHS Markit

In a significant development, data firm IHS Markit stated, the shortage of chips in the auto semiconductor sector is likely to impact around 1 million units of global light vehicle production during the first quarter. The announcement sees a major jump from its previous forecast. On February 3, in a report HIS Markit had stated,…