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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16682049" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3754074-volkswagen-temporarily-shuts-down-skoda-auto-production-due-to-chip-shortage" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3754074-volkswagen-temporarily-shuts-down-skoda-auto-production-due-to-chip-shortage" target="_blank">Volkswagen temporarily shuts down Skoda Auto production due to chip shortage</a></p><ul> <li data-xf-list-type="ul">Volkswagen's (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a>) Skoda Auto <a href="https://www.reuters.com/business/autos-transportation/volkswagens-skoda-auto-halts-production-two-weeks-ctk-reports-2021-10-18/" target="_blank">begins</a> a two-week production suspension Monday as semiconductor chip and other parts shortages continue to hurt automakers. Sales of Skoda branded vehicles <a href="https://annualreport2020.volkswagenag.com/divisions/brands-and-business-fields.html" target="_blank">accounted</a> for 9.3% of Volkswagen's total vehicle revenue in 2020.</li> <li data-xf-list-type="ul">"Skoda Auto has been struggling with a big shortage of critical components, which has forced it to limit production significantly in the past weeks," spokesman Tomas Kotera commented.</li> <li data-xf-list-type="ul">Skoda previously said it would "significantly reduce or even halt" production beginning Oct. 18 until the end of the year. The news is particularly bad for the Czech Republic, for which the car sector employs 180,000 workers and makes up a quarter of the industrial economy. Skoda is the largest exporter in the country.</li> <li data-xf-list-type="ul">According to The Czech Auto Industry Association, Czech auto companies will make 250,000 fewer cars this year because of the chip shortage, costing them $9.14B in sales.</li> <li data-xf-list-type="ul">See what how much Volkswagen would be worth if it was valued like other EV companies as calculated <a href="https://seekingalpha.com/article/4457766-if-volkswagen-was-valued-like-an-ev-company" target="_blank">by Seeking Alpha contributor Johnathan Weber.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16682049, member: 137766"] [URL='https://seekingalpha.com/news/3754074-volkswagen-temporarily-shuts-down-skoda-auto-production-due-to-chip-shortage'] Volkswagen temporarily shuts down Skoda Auto production due to chip shortage[/URL] [LIST] [*]Volkswagen's ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL]) Skoda Auto [URL='https://www.reuters.com/business/autos-transportation/volkswagens-skoda-auto-halts-production-two-weeks-ctk-reports-2021-10-18/']begins[/URL] a two-week production suspension Monday as semiconductor chip and other parts shortages continue to hurt automakers. Sales of Skoda branded vehicles [URL='https://annualreport2020.volkswagenag.com/divisions/brands-and-business-fields.html']accounted[/URL] for 9.3% of Volkswagen's total vehicle revenue in 2020. [*]"Skoda Auto has been struggling with a big shortage of critical components, which has forced it to limit production significantly in the past weeks," spokesman Tomas Kotera commented. [*]Skoda previously said it would "significantly reduce or even halt" production beginning Oct. 18 until the end of the year. The news is particularly bad for the Czech Republic, for which the car sector employs 180,000 workers and makes up a quarter of the industrial economy. Skoda is the largest exporter in the country. [*]According to The Czech Auto Industry Association, Czech auto companies will make 250,000 fewer cars this year because of the chip shortage, costing them $9.14B in sales. [*]See what how much Volkswagen would be worth if it was valued like other EV companies as calculated [URL='https://seekingalpha.com/article/4457766-if-volkswagen-was-valued-like-an-ev-company']by Seeking Alpha contributor Johnathan Weber.[/URL] [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Frying Pan Into the Fire -- Chip Shortage
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