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Ford has announced plans to build a new automotive manufacturing plant for their new electric pickup trucks as well as three new battery manufacturing plants alongside Korean firm SK Innovation. The new plants will likely be looked favorably on by American policymakers who have pushed for more... Read more →
U.S. automotive sales have yet to recover to pre-pandemic levels with vehicles sold down by 3.7% in July versus June on a days-adjusted basis. That left sales in July 2021 7.7% below those in July 2019. A shortage of semiconductors is the main challenge, with commentary from the three big-U.S.... Read more →
U.S. international trade activity increased by 11.1% in June 2021 versus June 2019, held back somewhat by automotive exports and imports which fell by 14.3% and 11.8% respectively. The automotive downturn is likely linked to the ongoing shortage of semiconductors. The disruption may take some ... Read more →
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