carindustry
Ford Motor Company (NYSE:F) will stop making cars in India after reporting losses of around $2 billion in a decade. It becomes the latest car manufacturer to leave this market dominated by Asian brands. Q2 2021 hedge fund letters, conferences and more Significant LossesFord's decision affects more than 4,000 employees who will be laid off as production will come to a halt immediately. The giant automaker arrived in India 25 years ago but could never seize more than 2% of the market, after struggling for years to win over Indian consumers. As reported by Al Jazeera, “Ford will wind down an asse...
ValueWalk
According to industry experts, the global chip shortage that has hit the automotive sector so hard could spread into 2022 and affect smartphone manufacturing next. The underlying effect could be a lower supply for a wider variety of appliances and industrial equipment. Q2 2021 hedge fund letters, conferences and more Smartphone Chips to Be ScarceIris Pang, ING Greater China chief economist, told Reuters that the car manufacturing industry could see an improvement in chips’ supply, “with China taking up some production demand that Taiwan could not meet.” Semiconductor companies in Taiwan have i...
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