Posts Tagged: automotive industry

Major Supplier Under Cyberattack

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According to the New York Times, Toyota, the world’s largest automaker, said on Monday that it had suspended all production in Japan after a possible cyberattack at a major supplier. Questions: What is the name of Toyota’s major supplier? Why have cyberattacks become increasingly more common in Japan in recent years? What will the stoppage… Read more »

Chip Shortage Means Much Lower Revenues

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According to Reuters, the shortfall in revenue for automakers due to a chip shortage is worse than anticipated. Questions: What was the original revenue shortfall estimate for automakers due to a chip shortage? To what amount this revenue shortfall estimate increased? How many vehicles will this impact? How does this article explain the change in… Read more »

The Chip Supply Chain: Addressing the Shortage

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No, it’s not Chips A’Hoy! According to Reuters, U.S. President Joe Biden met with executives from major companies on Monday to discuss the global chip shortage that has severely hurt U.S. automakers and spurred Intel Corp to announce it plans to make chips for car plants at its factories in the next six to nine… Read more »

Redemption for Volkswagen

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According to the New York Times, executives at Volkswagen made a commitment to electric vehicles that now is paying off after the diesel scandal five years ago. Questions: According to the article, what is the ID.4 and when will it be available to customers? Why did the article say that Volkswagen’s entrance into the electric… Read more »

Everything Old becomes New Again

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According to the New York Times, General Motors said that it was investing $2.2 billion in a Detroit plant where it will produce all-electric trucks and sport utility vehicles, fulfilling a key promise made during last year’s union negotiations. Questions: What other efforts are afoot in Detroit to reinvigorate Detroit, the legacy center of the… Read more »

Is this Fair?

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Since 2014, a Michigan law has limited Tesla Motors’ capacity to sell in the state, after the Republican-led legislature implemented a statute that banned the company’s only method of selling its cars to consumers. Questions: 1. What are the four states that Tesla has been shut out of? 2. Where did Tesla win its most… Read more »