Joe Biden in February ordered several Federal agency actions to address the chip crisis and is also seeking $37 billion in funding for legislation to supercharge chip manufacturing in the US
Increased demand for new vehicles during the Covid-19 pandemic helped General Motors and other automakers report strong fourth-quarter US sales on Tuesday
Ohio, another industrial state and key player in the US auto industry, reopened its manufacturing last week and said most retail shops could welcome customers back on Tuesday
In normal times, the combined number of cars produced by Mexico and Brazil every month is half a million
The severity of the slide stokes fears that a long-anticipated car sales collapse may be arriving
Shift in major car markets fuel standards has been a major problem for automakers
The auto industry is among the sectors most vulnerable to trade disruptions because its business model is increasingly global, in terms of both production and sales