MEXICO CITY (AP) — Volkswagen de Mexico said Monday it will suspend production of Jetta models in Mexico for two weeks next month and will pause assembly of Tiguan SUVs for 11 days due to a global semiconductor shortage.
Jetta production will halt May 3-19 and Tiguan work will stop May 6-16.
VW said in a statement that “we assume the chip supply will continue to be complex in the coming months.”
The shortage has already forced Ford to build F-150 pickup trucks without some onboard computers. The trucks will be held at factories for “a number of weeks,” then shipped to dealers once computers are available and quality checks are done.
The global semiconductor shortage forced Honda and Toyota to announce production cuts at some North American factories. General Motors also has been forced to build pickups without some computers and install them later.
Before you consider General Motors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Motors wasn't on the list.
While General Motors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
