chip

New Car Sales in 2022 Will See Bigger Rebound as Chip Supply Improves, Analyst Says

By Betty C. Morrow 2 weeks ago

After a shortage in computer chips contributed to a shortage in new cars in 2021, analysts expect an improvement in chip supplies in 2022 to help new car sales rebound. An average gas-powered vehicle has about 1,000 computer chips, while electric-powered cars can have more than double that total, leaving the market with low car supply and high prices without sufficient stock.

Phil Amsrud, an IHS Markit analyst who follows automotive chips, predicted that supplies wouldn’t get better immediately in 2022 and would likely be better in the second half of the year.

“We’re seeing 2022 as being an improvement over 2021, but it’s not going to start January third or fourth,” he said.

Still, experts and analysts are unsure when chip supplies will reach levels from before the pandemic.

Cox Automotive predicted that new car sales in the U.S. will increase this year by more than one million to

… Read More

McLaren Artura launch delayed due to chip shortage

By Betty C. Morrow 3 weeks ago

See you next year — hopefully.


McLaren

Deliveries of McLaren’s new Artura supercar will be delayed, a company spokesperson confirmed Tuesday. Originally reported by Automotive News, the Artura was expected to hit the road by the end of this year but will now arrive in July 2022.

The reason won’t come as a surprise. “We’ve had to delay the delivery of customer cars until July because of the ongoing semiconductor shortage that all OEMs are struggling with,” a McLaren spokesperson told Roadshow.

The Artura marks a new chapter for McLaren. It’s the first car to ride on McLaren’s new lightweight vehicle architecture and the company’s first series-production hybrid following the limited-run P1 and Speedtail. Power comes from a 3.0-liter twin-turbo V6 and 7.4-kilowatt-hour battery pack, producing a total of 670 horsepower and 531 pound-feet of torque. All told, the Artura is said to weigh just 3,303 pounds.

… Read More

Carmakers to hike prices again in January amid chip shortage, rising inflation

By Betty C. Morrow 2 months ago






Several automakers in the country are planning to hike prices of vehicles from January 2022 in the wake of the ongoing chip shortage that has led to slow production despite high demand.

For over a year, automotive companies operating in India have been suffering losses due to supply disruptions and the semiconductor crisis. While the chip shortage situation has improved, most carmakers have a huge backlog due to higher demand and lower production.

In such a scenario, top vehicle manufacturer Maruti Suzuki India said on Thursday that it plans to hike prices of its models from next month to offset increased production costs. Several other car manufacturers like Tata Motors and Hyundai Motor India are also expected to hike prices to make up for losses due to higher input costs.

Read | Buying a car won’t be a cheap affair this festive season. Here’s why

A spokesperson for Tata

… Read More

Volvo Cars sees chip shortage extending into 2022, Q3 profit dips By Reuters

By Betty C. Morrow 2 months ago

© Reuters. FILE PHOTO: People look at a Volvo XC40 car during the Beijing International Automotive Exhibition, or Auto China show, in Beijing, China September 26, 2020. REUTERS/Thomas Peter/File Photo

By Helena Soderpalm

STOCKHOLM (Reuters) – Volvo Cars warned on Tuesday that the sector-wide semiconductor shortage would continue into next year, as its first quarterly report since listing on the stock market a month ago confirmed a dip in revenue and profit.

The Gothenburg-based carmaker said supply chains were still constrained but while production remained lower than demand, it had “improved month by month” since September.

“The supply situation has improved going into the fourth quarter, but we expect the industry-wide shortage of semi-conductors to remain a restraining factor,” Chief Executive Hakan Samuelsson said in a statement.

Volvo’s initial public offering (IPO) on Oct. 29 was the biggest in Europe so far this year, a sign of strength for the

… Read More