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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: 16727873" data-attributes="member: 137766"><p>Overall vehicle production was dramatically reduced in 2021 because of the chip shortage. According to Jeff Schuster, president of the Americas operation and global vehicle forecasting at LMC Automotive,"Ford was hit the hardest and they were hit early." This is because it had several super-high-profile launches, including a redesigned <a href="https://www.cnet.com/videos/chevy-silverado-ev-vs-ford-f-150-lightning-how-they-stack-up/#ftag=MSFf70f0e2" target="_blank">F-150</a>. According to Schuster, the Blue Oval missed out on an estimated 1.25 million units last year.</p><p></p><p>But <a href="https://www.cnet.com/collections/ford/#ftag=MSFf70f0e2" target="_blank">Ford</a> wasn't the only automaker to stumble. <a href="https://www.cnet.com/collections/volkswagen/#ftag=MSFf70f0e2" target="_blank">Volkswagen</a> fell short of planned production by around 1.15 million vehicles, GM and Toyota were both out about 1.1 million and Stellantis came up short by around 1 million units. But not all companies were affected equally. "As a group, I would say the Japanese and Korean OEMs were a little more insulated," noted Schuster. They're closer to China, where many chips are made. This is why Chinese manufacturers felt less impact than their global competition.</p><p></p><p>According to a study released by the <a href="https://www.commerce.gov/news/press-releases/2022/01/commerce-semiconductor-data-confirms-urgent-need-congress-pass-us" target="_blank">US Department of Commerce</a>, the median inventory of computer chips held by consumers -- like automakers and medical device manufacturers -- fell from 40 days in 2019 to less than 5 in 2021. The implications of this are dire. "If a COVID outbreak, a natural disaster or political instability disrupts a foreign semiconductor facility for even just a few weeks, it has the potential to shut down a manufacturing facility in the US, putting American workers and their families at risk," the report noted, a danger that isn't lost on car companies.</p><p></p><p>[URL unfurl="true"]https://www.msn.com/en-us/autos/news/why-the-heck-is-there-still-an-automotive-chip-shortage/ar-AATtFIq?ocid=msedgntp[/URL]</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16727873, member: 137766"] Overall vehicle production was dramatically reduced in 2021 because of the chip shortage. According to Jeff Schuster, president of the Americas operation and global vehicle forecasting at LMC Automotive,"Ford was hit the hardest and they were hit early." This is because it had several super-high-profile launches, including a redesigned [URL='https://www.cnet.com/videos/chevy-silverado-ev-vs-ford-f-150-lightning-how-they-stack-up/#ftag=MSFf70f0e2']F-150[/URL]. According to Schuster, the Blue Oval missed out on an estimated 1.25 million units last year. But [URL='https://www.cnet.com/collections/ford/#ftag=MSFf70f0e2']Ford[/URL] wasn't the only automaker to stumble. [URL='https://www.cnet.com/collections/volkswagen/#ftag=MSFf70f0e2']Volkswagen[/URL] fell short of planned production by around 1.15 million vehicles, GM and Toyota were both out about 1.1 million and Stellantis came up short by around 1 million units. But not all companies were affected equally. "As a group, I would say the Japanese and Korean OEMs were a little more insulated," noted Schuster. They're closer to China, where many chips are made. This is why Chinese manufacturers felt less impact than their global competition. According to a study released by the [URL='https://www.commerce.gov/news/press-releases/2022/01/commerce-semiconductor-data-confirms-urgent-need-congress-pass-us']US Department of Commerce[/URL], the median inventory of computer chips held by consumers -- like automakers and medical device manufacturers -- fell from 40 days in 2019 to less than 5 in 2021. The implications of this are dire. "If a COVID outbreak, a natural disaster or political instability disrupts a foreign semiconductor facility for even just a few weeks, it has the potential to shut down a manufacturing facility in the US, putting American workers and their families at risk," the report noted, a danger that isn't lost on car companies. [URL unfurl="true"]https://www.msn.com/en-us/autos/news/why-the-heck-is-there-still-an-automotive-chip-shortage/ar-AATtFIq?ocid=msedgntp[/URL] [/QUOTE]
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Frying Pan Into the Fire -- Chip Shortage
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