The automobile industry is being hit hard by a shortage of computer chips that has slowed production and is set to drag on for months
Eemployees work on the assembly line, at the 'Glassy Manufactory' production site in Dresden, eastern Germany, June 8, 2021.
The situation is to some extent the fault of carmakers, who scaled back orders when the pandemic hit, so chipmakers shifted output to consumer electronics, which was seeing a boom in demand as people splurged on equipment to work and relax and home. That is five percent of last year's production level, or a third of the output increase that VW had expected earlier this year.
Ford said its average sale price rose by 14 percent from last year as it surprised analysts with a $1.1 billion second-quarter profit.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Consumer spending and incomes rose while a key measure of inflation dipped in JuneA key measure of inflation showed price increases slowing down in June, while Americans' incomes and spending rose — signaling better-than-expected momentum in the economic recovery.
Consulte Mais informação »
Back-to-school spending expected to hit record highFamilies are expecting to spend a record amount on back-to-school shopping this year, according to a new National Retail Federation survey conducted this month.Why it matters: Purchases will be driven in part by electronics items, putting more pressure on retailers and manufacturers to meet that demand amid a continuing chip shortage and other supply chain constraints.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeFamilies with elementary scho
Consulte Mais informação »
Why some of summer’s favorite seafood dishes are so expensiveSupply chain issues and labor shortages have created a fishy situation for restaurants and diners alike.
Consulte Mais informação »
The prospects for developing countries are not what they once wereWill growth in the 2020s return to the heights of the 2000s, stagnate like the 2010s, or continue its downward trend?
Consulte Mais informação »