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Fri Feb 5, 2021, 11:40 AM

GM, Ford and other carmakers can't get enough chips. It's a huge problem

CNN Business
By Julia Horowitz

London (CNN Business)A semiconductor shortage is battering the global auto industry at a crucial moment, and the pressure shows no sign of easing soon.

What's happening: Ford (F) told investors Thursday that the chip crunch could shave up to 20% off first-quarter production.

Chief Financial Officer John Lawler said that if the problem drags on through the spring, the company's earnings could take a $1 billion to $2.5 billion hit.

It's not just an issue for Ford. GM (GM) is shutting some plants in the United States, Canada and Mexico next week due to the insufficient supplies, while Volkswagen, Fiat Chrysler (FCAU), Toyota (TM), Nissan (NSANF) and Honda (HMC) have also been affected.

https://www.cnn.com/2021/02/05/investing/premarket-stocks-trading/index.html

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Reply GM, Ford and other carmakers can't get enough chips. It's a huge problem (Original post)
Wicked Blue Feb 2021 OP
OAITW r.2.0 Feb 2021 #1
Wicked Blue Feb 2021 #2
Eyeball_Kid Feb 2021 #3
TheRealNorth Feb 2021 #4
Turbineguy Feb 2021 #5

Response to Wicked Blue (Original post)

Fri Feb 5, 2021, 11:49 AM

1. We really should not be dependent on China for microchips....

this should be one industry that should be protected with a US manufacturing mandate. This is a national security issue.

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Response to OAITW r.2.0 (Reply #1)

Fri Feb 5, 2021, 11:50 AM

2. I agree with you nt

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Response to Wicked Blue (Original post)

Fri Feb 5, 2021, 11:58 AM

3. I remember reading quite some time ago that China was cornering the market

on precious metals that are essential in the manufacture of semi-conductor circuits.

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Response to Eyeball_Kid (Reply #3)

Fri Feb 5, 2021, 12:35 PM

4. China has an advantage

They are a major producer of gallium (along with Russia), which is used on microchips.

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Response to Wicked Blue (Original post)

Fri Feb 5, 2021, 12:44 PM

5. Obviously, it's all

those chips they are putting into the vaccine that are causing the shortage

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