Ford has announced it is investing $11.4 billion to create four plants in Kentucky and Tennessee, bringing 11,000 jobs to the region.
The White House is discussing the ongoing semiconductor crisis with companies as the auto industry is poised to lose $210 billion in revenue.
Ford is joining the growing list of companies pushing back their return to the office date, telling employees they will not be back till next year.
Electric vehicle startup Rivian is preparing for an initial public offering (IPO) as the electric vehicle market heats up.
On the heels of news Toyota would cut September production, Ford’s F-150 plant in Kansas City will shut down as a result of the semiconductor shortage.
AT&T is the latest company to face delays in product rollouts as a result of a global ship shortage.
Ford is notifying customers that some shipments of its Mustang Mach-E will be delayed due to the semiconductor shortage.
Customers eager to get their hands on Tesla’s electric pickup truck will have to wait a bit longer, as the company has delayed production to 2022.
The semiconductor shortage continues to take a toll, with Subaru announcing it is temporarily shutting down plants in Japan in July.