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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: 16666299" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3738631-china-auto-sales-fall-for-fourth-straight-month-amid-chip-shortages" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3738631-china-auto-sales-fall-for-fourth-straight-month-amid-chip-shortages" target="_blank">China auto sales fall for fourth straight month amid chip shortages</a></p><ul> <li data-xf-list-type="ul">Automobile sales in China fell off 17.8% in August to 1.799M vehicles in comparison to last year and were down 8.2% from the level for the same month in 2019, according to China Association of Automobile Manufacturers.</li> <li data-xf-list-type="ul">Major automakers like Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>), Honda (NYSE:<a href="https://seekingalpha.com/symbol/HMC" target="_blank">HMC</a>), General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>), Ford (<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>), Nissan (<a href="https://seekingalpha.com/symbol/NSANY" target="_blank">OTCPK:NSANY</a>) and Toyota (NYSE:<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a>) have all curtailed production this summer due to the global shortage of semiconductors and other parts.</li> <li data-xf-list-type="ul">For the year, vehicle sales in China are still up 13.7% in the first eight months of 2021 against the pandemic comparable, but are only up 1.3% from the level seen in 2019.</li> <li data-xf-list-type="ul">CAAM now expects 2021 growth to be below the previous forecast of 6.5%,</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16666299, member: 137766"] [URL='https://seekingalpha.com/news/3738631-china-auto-sales-fall-for-fourth-straight-month-amid-chip-shortages'] China auto sales fall for fourth straight month amid chip shortages[/URL] [LIST] [*]Automobile sales in China fell off 17.8% in August to 1.799M vehicles in comparison to last year and were down 8.2% from the level for the same month in 2019, according to China Association of Automobile Manufacturers. [*]Major automakers like Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]), Honda (NYSE:[URL='https://seekingalpha.com/symbol/HMC']HMC[/URL]), General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]), Ford ([URL='https://seekingalpha.com/symbol/F']F[/URL]), Nissan ([URL='https://seekingalpha.com/symbol/NSANY']OTCPK:NSANY[/URL]) and Toyota (NYSE:[URL='https://seekingalpha.com/symbol/TM']TM[/URL]) have all curtailed production this summer due to the global shortage of semiconductors and other parts. [*]For the year, vehicle sales in China are still up 13.7% in the first eight months of 2021 against the pandemic comparable, but are only up 1.3% from the level seen in 2019. [*]CAAM now expects 2021 growth to be below the previous forecast of 6.5%, [/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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