VW cuts output at Wolfsburg plant again on chip shortage
The automaker will operate only one assembly line that builds the VW Golf due to the shortage of key electronic parts.
VW will build $164M battery factory in China
The plant is part of automaker’s goal to produce more than 1 million battery systems annually in Europe, U.S. and China.
Faurecia revises 2021 targets downward due to semiconductor shortage
The supplier said that IHS Markit now estimated worldwide car production at 72 million vehicles this year compared with an earlier forecast of 76.8 million.
AlixPartners estimates chip shortage will cost industry $210B, 7.7M units in 2021
The new figures are up considerably from the firm’s May forecast, in which it estimated a loss of $110 billion and 3.9 million units lost.
Toyota plant leader to Senate panel: Worker-development policies are much needed
Leah Curry’s testimony is being delivered to members of the Subcommittee on Employment and Workforce Safety.