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Automotive: Page 71

Biden Pledges $35 Million to Boost U.S. Rare Earth Extraction
President Biden announced the U.S. will give $35 million to MP Materials Corp. to process heavy rare earth elements in Southern California as part of a bigger push to challenge foreign dominance in a critical field.
A truck with raw ore at open-pit mine in California. Photo: Bloomberg.
Burning Cargo Ship Drifts in Atlantic With Porsches, Audis Aboard
The Felicity Ace, a massive Panama-flagged cargo ship carrying thousands of Volkswagen Group vehicles, caught fire and was left unmanned.
The 650-foot-long Felicity Ace car carrier caught fire and was abandoned off the coast of the Azores. Photo: Marinha Portuguesa.
Retail Sales Jumped in January, Signaling Economic Resilience
Retail sales rose 3.8% in January, a faster-than-expected rebound from December's sharp decline.
A shopper uses contactless payment. Photo: Robert Kneschke/ Canva.
Auto Suppliers Cry Foul, Saying Carmakers Want a Bigger Cut
The anti-vaccine protests that choked off a critical trade route between the U.S. and Canada last week are just the latest drama for an auto supply chain increasingly fraught with tension.
Cradles transport automobile bodies on the engine wedding line inside a Ford Motor Co. factory. Photo: Bloomberg.
Canada Bridge Reopens After Five-Day Protest
The Ambassador Bridge that links Canada with the U.S. has reopened, clearing the largest trade artery between the two countries after a five-day protest shut it down.
Commercial trucks and passenger vehicles drive across Ambassador Bridge on the Canada-U.S. border in Windsor, Ontario. The bridge connects Windsor to Detroit and facilitates over 30% of all Canada-U.S. road trade. Photo: Bloomberg.
New Chip Crisis Means Auto Giants Aren’t in the Clear Yet
While tight supplies of semiconductors are set to ease later this year, the next bottleneck is likely to come from growing demand for analog chips, which are increasingly being used in automobiles as they become electrified and autonomous.
Honda Motor Co. vehicles at an AutoNation car dealership in Fremont, California. Photo: Bloomberg.
Lean, ‘Just-in-Time’ Management Didn't Cause the Supply Chain Crisis
There’s nothing in the lean and just-in-time supply chain methodologies that recommend keeping a bare minimum of parts on hand. In fact, they preach the opposite.
A container ship is berthed at the Port of Oakland in Oakland, California. Photo: Port of Oakland.
Canadian Bridge Blockade Stretches Fragile Auto Supply Chain
Protestors blocking traffic between the U.S. and Canada to oppose vaccine rules have further stretched an auto supply chain already worn thin by pandemic-related labor shortages and a scarcity of chips.
Commercial trucks and passenger vehicles drive across Ambassador Bridge on the Canada-U.S. border in Windsor, Ontario. The bridge connects Windsor to Detroit and facilitates over 30% of all Canada-U.S. road trade. Photo: Bloomberg.
Americans Face Record Metals Prices as Shipping Costs Surge
Surging prices of the raw materials needed for your refrigerators, automobiles, window frames and plumbing show no signs of abating as America’s supply chain crisis spills into another year.
Fiber optic cables, center, and copper Ethernet cables feed into switches inside an office communications room. Photo: Bloomberg.
How AI Will Drive the Future of Auto Supply Chains
As the pandemic sent shockwaves through the global economy, the impact was felt across industries. Among the hardest hit sectors, the automotive industry experienced profound disruption, signaling the need for supply chain modernization.
Cars are parked in a dealership showroom. Photo: Fahroni/ Canva.
Biden’s Electric Vehicle Plan Faces Jam From Cultural Divide
President Joe Biden wants electric vehicles to account for 50% of new car sales by 2030. But to meet that target he may have to sell the cars to a skeptical demographic: Donald Trump voters.
0203 Electric Vehicle Sales
The Chip Shortage Is Shaking Up Auto Insurance
The automotive industry has been severely hit by the current shortage of semiconductor chips. But the impact of the crisis extends beyond the manufacturing of cars — it’s also affecting the world of automotive insurance.
Rows of cars are parked inside a high-rise garage. Photo: Pixabay/ Pexels.
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