Some fast food restaurants are saying certain items might not be available this summer. What’s behind the shortage? Cruise line Royal Caribbean says unvaccinated passengers need insurance to cover CCP (Chinese Communist Party) virus-related expenses or they can’t board the ship. The change applies from August until the end of the year. State pensions are short almost…
GM Raises Forecast, Says Chip Shortage Not as Bad as Feared
DETROIT—General Motors Co. says efforts to manage the global computer chip shortage have worked better than expected, so its financial results will improve over previous forecasts. The company said in a statement Thursday it has made engineering changes, prioritized semiconductor use, and pulled some potential deliveries into the second quarter. So now the first-half earnings…
NTD Business Full Broadcast (April 16)
The Commerce Department says U.S. homebuilding rebounded strongly in March. Homebuilding grew at the fastest pace in 15 years – blasting expectations. But there are also signs homebuilding could slow down. What’s the challenge? People travel more because the lockdowns are fading, but rental car companies have sold much of their inventory. Vacationers better book car…
Tesla’s Chinese Rival Nio Suspends Production on Chip Shortage
Chinese electric vehicle maker Nio became the latest carmaker to temporarily suspend production on Friday as a result of a global semiconductor chip shortage that has led to major losses. Ford Motor, Honda Motor, General Motors and Volkswagen were among the automakers caught off guard by the shortage, forcing many to hold back production even…
Chip Shortage Forces Ford to Build Trucks Without Computers
DETROIT—A global semiconductor shortage and a February winter storm have combined to force Ford to build F-150 pickup trucks without some computers. The company says the pickups will be held at factories for “a number of weeks,” then shipped to dealers once computers are available and quality checks are done. The move is the latest…
GM Hit by Chip Shortage, to Cut Production at Four Plants
DETROIT—General Motors Co became the latest automaker hit by the global shortage of semiconductor chips as the U.S. automaker said on Feb. 3 it will take down production next week at four assembly plants. GM said it will cut production entirely during the week of Feb. 8 at plants in Fairfax, Kansas; Ingersoll, Ontario; and…
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