automakers

Taiwan Semiconductor Manufacturing Co (NYSE: TSM) said the automotive industry needs to modernize its “Just-in-time” supply chain practices to avoid a similar semiconductor shortage as the ongoing one in the future, Reuters reported Friday.  What Happened: The world...

Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) expects to meet the minimum semiconductor chip requirement of its clients before the end of June, the company’s CEO Mark Liu told CBS News on Sunday.  What Happened: The Taiwan-based company, a key chip supplier for U.S. automakers...

A day after Nio, Inc. (NYSE: NIO) reported strong April deliveries, domestic peers Xpeng Inc. (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI) also announced strong numbers for the month. The performances of the three U.S.-listed Chinese EV makers came despite chip supply shortages that disrupted...

Jim Cramer backed Ford Motor Company (NYSE: F) on Thursday even as the automaker’s shares fell over 9% in regular trading hours, CNBC reported. What Happened: Ford CEO Jim Farley has said that the semiconductor shortage will impact the bottom in the second quarter earlier on Wednesday....

Ford Motor Co (NYSE: F) is planning to prolong production halt at five of its North American manufacturing facilities indicating the ongoing global semiconductor shortage is worsening, The Wall Street Journal reported on Wednesday. What Happened: According to the report, Ford will idle...

General Motor Co’s (NYSE: GM) Spring Hill Assembly facility that makes the GMC Acadia and Cadillac XT5 and XT6 crossovers, will return to regular production on April 26, a week earlier than initially planned, and the company no longer plans to halt Chevrolet Blazer production next week...

U.S. auto sales are expected to rise in March, despite brutal weather conditions and semiconductor chip shortages that have forced automakers to cut production, auto industry consultants J.D. Power and LMC automotive forecast on Friday. What Happened: Retail sales of new vehicles are estimated to...

Ford Motor Co (NYSE: F) is idling production at the Dearborn, Michigan plant — where it makes the highly profitable F-150 pickup trucks— from Friday to Sunday due to the global semiconductor chip shortage, Reuters reported on Thursday. What Happened: A global...

The global semiconductor chip shortage continues to cripple automakers as Ford Motor Co (NYSE: F) idles two assembly plants alongside Nissan Motor Co (OTC: NSANY) becoming the latest Japanese automaker to cut production in the United States. What Happened: Ford will assemble its highly profitable F...

Apple Inc (NASDAQ: AAPL) is likely to use an approach similar to one it uses to make the iPhone for manufacturing its rumored electric vehicle, Bloomberg reported Wednesday. What Happened: The Tim Cook-led company may work with a contract manufacturer after talks with some automakers did not bear...

Tesla Inc (NASDAQ: TSLA) may gain a potent rival in the next four years and it won’t be one of the trendy China-based companies like Nio Inc (NYSE: NIO) or Xpeng Inc (NYSE: XPEV),as per UBS. What Happened: The Swiss bank’s analysts predicted that in the coming few years it would be...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said Thursday that his electric vehicle firm and Ford Motor Company (NYSE: F) were the only American carmakers not to have gone bankrupt out of the thousands of startups operating in the industry. What Happened: Musk reasoned on Twitter that while “...

Ford Motor Co. (NYSE: F) could gain a share of the multi-billion-dollar delivery vehicle contract awarded by the United States Postal Service to Oshkosh Corp. (NYSE: OSK) on Tuesday, the Detroit Free Press reported. What Happened: Early reports indicated that Ford would partner with Oshkosh by...

General Motors Company (NYSE: GM) announced Thursday that it plans eliminating all gas- and diesel-powered cars from its  lineup by 2035, shifting to electric vehicles. National Focus On Emissions: This announcement by the country's largest automaker, commanding a 17%...

Ford Motor Company (NYSE: F) will have to recall 3 million vehicles due to defective airbags, according to the National Highway Traffic Safety Administration, Reuters reported Tuesday. What Happened: The federal regulator rejected Ford and Mazda Motor Corporation’s (OTC: MZDAY) petitions...