Auto Makers Crushed By Supply Delays Hitting Production and Orders

Auto makers and parts makers experienced a steepening production decline in September with the sharpest drop in output since May of last year IHS Markit’s PMI surveys showed. Supply delays, which rose to unprecedented levels in September.

Ford Motor Plan to Build $11.4 Billion EV Facilities in Tennessee and Kentucky

Ford Motor announced plans for a massive $11.4 bln investment in electric vehicle production. The deal is part of Ford’s over $30 billion investment plan in EVs through 2025, the campuses will help $F achieve its goal of EV production reaching 40-50% of the total by 2030

Chipmaker Taiwan Semiconductor Dominating Automaker Price Negotiation Pressures Inflation Risk

The global semiconductor chip shortage, the result of lower production from COVID restrictions and increased demand due to Work From Anywhere (WFA). Then we have a delay in Intel’s chips. This has put the Taiwanese Semi giants in a powerful position for upcoming negotiations with automakers. 

Auto and Truck Sales Impact on The American Economy

Auto and auto parts companies impact U.S. economic growth which is a debt led consumer economy. With spiralling auto debt it affects the whole finance pyramid. The U.S. auto industry helps drive industrial production, service and finance industries and insight into consumer trends.

U.S. Auto and Truck Sales Continue to Fall in February

Auto sales continued to fall in February as U.S. car makers sales continued to fall with the impact of servere weather, the trade war and threat of tariffs. Most SUV sales fell as auto loan rates pressure and gasoline prices stopped falling. Car earnings give us insight into consumer trends.

Fiat Chrysler Earnings Beat But Tariffs, Emissions and Asia Weigh

Fiat Chrysler reported better-than-expected third-quarter earnings Tuesday and promised to pay 2 billion euros ($2.3 billion) in special dividends for the sale of its parts unit. However $FCA was hurt by a lower net cash forecast and losses in both Asia and Europe.

GM Cuts Guidance on Rising Commodities, Brazil and Argentina

General Motors reported in linesecond quarter earnings Wednesday but warned going forward on higher commodities and exchange rates in Brazil and Argentina. GM had already warned on the negative affects of tariffs. $GM fell 5% on the news premarket.