How The Auto Industry Is Adapting To The Chip Shortage

Share post:

Automotive industry executives are paying more attention to the supply chain while monitoring suppliers as the industry moves to adapt fast and strong methods to cope with the high demand for automotive products caused by the global chip shortage.

Looking at the different car manufacturers, many seem to adapt individually to the situation.

While Ford plans to shut down one plant and reduce revenue by $2.5 billion in 2021, General Motors has developed a method whereby the best-selling and fastest-spinning models are brought to the top of the product range through targeted orders.

Other well-known manufacturers have also been affected by the chip shortage, and as AutoForecast Solutions puts it: “Virtually no manufacturer nor a region has been untouched.”

For more information, read the original story in TechRepublic.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

Joby Aviation to invest $500M in new air taxi factory in Ohio

Joby Aviation, a developer of electric vertical takeoff and landing (eVTOL) aircraft, has announced that it will invest...

New anode material charges electric vehicles in 6 minutes

Electric vehicles are becoming increasingly popular, but one of the biggest challenges to their widespread adoption is the...

Toyota Japan plants halt production due to database server outage

Toyota has confirmed that a disruption of operations at its Japan-based production plants was caused by a database...

Mozilla says cars have worst privacy practices

A new report by the Mozilla Foundation has found that cars have the worst privacy practices of any...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways