shortage

McLaren Artura launch delayed due to chip shortage

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.

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






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.

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A spokesperson for Tata

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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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The Global Semiconductor Shortage Is Attracting Manufacturers To North America – Signature Auto Group New York Excited To Offer More Inventory To Customers | State

BROOKLYN, N.Y., Nov. 25, 2021 /PRNewswire-PRWeb/ — Signature Auto Group, a premier online car leasing company, with offices in both Brooklyn, NY and Fort Lauderdale, Florida, is excited to see semiconductor manufacturers opening new factories and supply chains in the United States and the rest of North America. All this in an effort to combat the current global chip shortage which has taken a toll on car inventory across the globe. With automotive and technology prices skyrocketing across the board, new factories in the United States will help to alleviate supply shortages.

The automotive industry has experienced a multitude of issues stemming from semiconductor shortages, such as manufacturing delays and part shortages. As demand for new vehicles continues to rise, prices across the board have increased, for both leasing and financing of new cars. Due to this, the used car market has seen an increase in

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