Ford announces EV plants amid battery import surge October 5, 2021 Ford has announced plans to build a new automotive manufacturing plant for their new electric pickup trucks as well as three new battery manufacturing plants alongside Korean firm SK Innovation. The new plants will likely be looked favorably on by American policymakers who have pushed for more... Read more →
GM, Stellantis look to long-term solutions as Malaysia clouds semis situation August 6, 2021 U.S. automotive sales have yet to recover to pre-pandemic levels with vehicles sold down by 3.7% in July versus June on a days-adjusted basis. That left sales in July 2021 7.7% below those in July 2019. A shortage of semiconductors is the main challenge, with commentary from the three big-U.S.... Read more →
Ford weighs on U.S. trade activity, implements new supply chain strategy July 29, 2021 U.S. international trade activity increased by 11.1% in June 2021 versus June 2019, held back somewhat by automotive exports and imports which fell by 14.3% and 11.8% respectively. The automotive downturn is likely linked to the ongoing shortage of semiconductors. The disruption may take some ... Read more →
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