Stellantis (STLA) Halts Production Over Chip Shortage
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August 25, 2022 3:14 PM EDT
While almost every automobile manufacturer struggled through the semiconductor chip shortages in 2021, Japanese automaker, Toyota (NYSE: TM) faired better than most. However, now the hybrid vehicle leader has officially fallen behind as the company struggles to keep their dealers supplied with inventory.
According... More
August 25, 2022 2:48 PM EDT
Honda Motor Co (NYSE: HMC) announced on Thursday that it would slash production plans by up to 40% in Japan early in September due to persistent supply chain and logistical issues. Honda blamed delays in receiving parts and logistics due to COVID-19 and semiconductor shortages.
HMCs assembly plant in Saitama prefecture,... More
August 24, 2022 1:24 PM EDT
Electric car manufacturer, Nio In. (NYSE: NIO) began posting temporary notices on its apps charging map page informing owners that some of its Chengdu battery-swapping stations are off-line because of the severe overload on the grid under the persisting high temperatures.
Tesla (NASDAQ: TSLA) was also forced to turn off or restrict services at more than a dozen super-charging stations in... More
