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


© 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

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India’s Mahindra sees Sept car output down by a quarter on chip shortage

An employee works inside the Mahindra & Mahindra manufacturing plant in Chakan, India, September 30, 2016. REUTERS/Danish Siddiqui/File Photo

BENGALURU, Sept 2 (Reuters) – Indian automaker Mahindra and Mahindra Ltd (MAHM.NS) said on Thursday it expects a 20%-25% drop in September vehicle production due to semiconductor shortages, following supply chain disruptions due to the pandemic.

Globally carmakers have been hit by chip shortages and have warned of further pain due to stiff competition from the consumer electronics industry for semiconductor deliveries.

Mahindra said its revenue and profit will be impacted in line with the fall in production volumes, while its tractor, truck, bus and 3-wheeler production was unaffected.

The company will have about seven “no production days” at its automotive division plants this month, the company said in a filing.

Earlier this week, Maruti Suzuki India Ltd (MRTI.NS), the country’s top carmaker, said it expected production at its

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Heartland auto shop sees rush of winter weather vehicle repairs

CAPE GIRARDEAU, Mo. (KFVS) – Much of Wednesday’s snow has melted away and the roads are clear, but conditions caused dozens of wrecks across the Heartland.



a car covered in snow: Missouri State Highway Patrol says they got more than 100 calls from people needing service during the snow Wednesday.


© Provided by Paducah-Cape Girard KFVS-TV
Missouri State Highway Patrol says they got more than 100 calls from people needing service during the snow Wednesday.

Now, local repair shops face a rush of new customers.

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Car repairs pick up during the winter at James Auto Body and Glass.

The manager, Josh Lineberry, said in a few days he expects to see more cars coming in with damage due to Wednesday’s road conditions. “There’s a little bit of a delay in when the calls and cars start coming in from the initial accident times.”

“They’re usually taken to salvage yards if they slide off and need to be towed before they make it here,” stated Lineberry.

He said insurance is part of the

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