Unit 8 - WSJ - Monday - Article - The Wall Street Journal PDF

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Article - The Wall Street Journal...

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Name - Garima Vishnoi WSJ Article Title:

Empty Lots, Angry customers: Chip crisis throws wrench into Car Business. Article Date: MAY 13TH, 2021.

Brief Synopsis/Summary Car makers have cut production of 1.2 Million vehicles in North America because of a shortage of computer chips, losing sales amid high demand. The rate at which new cars sold hit decade highs in March and April. New vehicle inventories have been nearly halved over the past 13 months. have taken their

frustrations straight to Chief Executive Mary Barra. “I’ve got them sending me pictures [showing] that they have virtually nothing on the lot,” the CEO told analysts last week. GM has been in daily contact with dealers about inventory and the company’s plans to make up lost production once the chip shortage subsides, a spokesman said. Key Issues & Their Significance to Me - Limited supply with increased demand should raise prices. dealers should profit now on price instead of volume, and then spend the extra time on hobbies. My Observations, Learnings, Conclusions - Car are so larded up with electronics that I am not surprised. - Democrats are missing a golden opportunity to lecture Americans about finally using all those fancy new bike lanes. Automotive chip shortage problem is 100% the fault of bad decisions by car manufacturers. Questions for Class? - Why is there a chip shortage? Some good journalism would have covered that, not this poor pity “I can’t buy a new car right this minute’’. - Will those serving in positions of power finally realize the importance of self-sufficiency in vital production capability?...