"Auto bigwigs like Ford , Nissan ,Toyota and many more are facing production constraints amid shortage of chips and are thus forced to delay production of some of their models.
Ford is temporarily shutting operations in the Louisville plant in Kentucky, which produces Escape and Lincoln Corsair SUV models. U.S. auto giant General Motors, which is Ford’s closest peer, has not been affected by the widening deficit of chips as yet but is closely monitoring the situation. Detroit-based automaker, Fiat Chrysler has already suspended factories in Brampton, Ontario and Toluca. This will affect models like Jeep Compass, Chrysler 300, as well as Dodge Charger and Challenger.
Japan-based Nissan is trimming production in the Oppama factory in Japan,
Japan’s largest automaker, Toyota is forced to limit the production of Tundra pickup in the San Antonio plant. Last month, Germany’s biggest automaker, Volkswagen notified its intention to adjust production in China, Europe and North America amid chip supply bottleneck.
...
Production bottleneck is highlighting another emerging crisis in the auto industry. Per Wall Street reports, the auto sector is bracing for declining output due to semiconductor shortage.Taiwan Semiconductor Manufacturing Company Ltd. (TSM Quick QuoteTSM - Research Report) :Taiwan Semiconductor is one of the leading chip manufacturers in the world. The firm runs a dedicated semiconductor foundry business and boasts the “world's largest semiconductor design ecosystem”. TSM also stands to capitalize on the transition to 5G, and benefit in the long haul from a world where chips are commonplace and vital. Taiwan Semiconductor presently sports a Zacks Rank #1. The company’s expected earnings growth rate for the next year is 24.5%.......
https://www.zacks.com/stock/news/1245049/...cid=CS-ZC-HL-analyst_blog|investment_ideas-1245049
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