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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16662943" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3736806-gm-cuts-september-production-at-eight-north-american-plants-due-to-chip-shortage" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3736806-gm-cuts-september-production-at-eight-north-american-plants-due-to-chip-shortage" target="_blank">GM cuts September production at eight North American plants due to chip shortage</a></p><p></p><p></p><ul> <li data-xf-list-type="ul">General Motors (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> +0.5%) will <a href="https://www.reuters.com/business/autos-transportation/gm-cut-north-american-production-citing-chip-shortage-2021-09-02/?utm_medium=Social&utm_source=Twitter" target="_blank">lower</a> production at most of its North American plants this month due to the continued shortage of semiconductor chips.</li> <li data-xf-list-type="ul">The U.S. automaker will stop production of its profitable pickup trucks at its Fort Wayne, IN plant and Silao, Mexico plant in September, along with six other assembly plants involved in SUV and Cadillac manufacturing.</li> <li data-xf-list-type="ul">GM said it will repair and ship unfinished vehicles during the downtime at the plants.</li> <li data-xf-list-type="ul">Toyota (<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a> -0.1%) is trimming planned global production by 40% and Ford (<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a> +0.5%) also announced <a href="https://seekingalpha.com/news/3734625-ford-cuts-f-150-pickup-production-because-of-chip-shortage" target="_blank">production cuts to its F-150 production truck last week.</a></li> <li data-xf-list-type="ul">Today, Ford reported that retail sales fell nearly 40% in August <a href="https://seekingalpha.com/news/3736743-ford-motor-us-retail-sales-fell-396-in-august-ev-sales-gain-673" target="_blank">while EV sales were up 67%.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16662943, member: 137766"] [URL='https://seekingalpha.com/news/3736806-gm-cuts-september-production-at-eight-north-american-plants-due-to-chip-shortage'] GM cuts September production at eight North American plants due to chip shortage[/URL] [LIST] [*]General Motors ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] +0.5%) will [URL='https://www.reuters.com/business/autos-transportation/gm-cut-north-american-production-citing-chip-shortage-2021-09-02/?utm_medium=Social&utm_source=Twitter']lower[/URL] production at most of its North American plants this month due to the continued shortage of semiconductor chips. [*]The U.S. automaker will stop production of its profitable pickup trucks at its Fort Wayne, IN plant and Silao, Mexico plant in September, along with six other assembly plants involved in SUV and Cadillac manufacturing. [*]GM said it will repair and ship unfinished vehicles during the downtime at the plants. [*]Toyota ([URL='https://seekingalpha.com/symbol/TM']TM[/URL] -0.1%) is trimming planned global production by 40% and Ford ([URL='https://seekingalpha.com/symbol/F']F[/URL] +0.5%) also announced [URL='https://seekingalpha.com/news/3734625-ford-cuts-f-150-pickup-production-because-of-chip-shortage']production cuts to its F-150 production truck last week.[/URL] [*]Today, Ford reported that retail sales fell nearly 40% in August [URL='https://seekingalpha.com/news/3736743-ford-motor-us-retail-sales-fell-396-in-august-ev-sales-gain-673']while EV sales were up 67%.[/URL] [/LIST] [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Frying Pan Into the Fire -- Chip Shortage
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