Renesas Electronics Corp. said this week that replacements for fire-damaged equipment arrived on May 27, and should be running in mid-June. That would allow the company to return to full production.
The March 19 Renesas fire and a worldwide shortage of computer chips have wreaked havoc on auto industry production schedules, forcing companies to cut production and allocate scarce chips to higher-margin models.
The production cuts have crimped the supply of new vehicles just as demand recovers from the coronavirus pandemic, causing shortages and raising new vehicle prices. Used vehicle prices have hit record levels.
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SENATORS URGE $32 BILLION IN EMERGENCY SPENDING ON AI AFTER FINISHING YEARLONG REVIEW
A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and place safeguards around it, writing in a new report released Wednesday that the U.S. needs to âharness the opportunities and address the risksâ of the quickly developing technology.
THE FIVE THINGS YOU NEED TO KNOW BEFORE BUYING YOUR FIRST USED TESLA
It's a good time to be in the market for a used Tesla. Tesla's significant price cuts over the past year on its new cars have caused the prices of used Teslas to drop significantly.
WAYMO IS LATEST COMPANY UNDER INVESTIGATION FOR AUTONOMOUS OR PARTIALLY AUTOMATED TECHNOLOGY
The U.S. governmentâs highway safety agency has opened another investigation of automated driving systems, this time into crashes involving Waymoâs self-driving vehicles.
YOUNG SOUTH KOREANS ARE INCREASINGLY DRAWN TO BUDDHISM VIA SOCIAL MEDIA-SAVVY INFLUENCERS
A South Korean deejay dressed as a Buddhist monk bounced up and down on stage while playing electronic music and shouting: \"This too shall pass!\"
ROKU WILL STREAM WEEKLY MLB GAME ON SUNDAYS.VIEWERS WON'T NEED ONE OF THE SERVICE'S DEVICES
Roku will carry Major League Baseball games on Sundays beginning this week, and viewers will be able to watch for free and not be required to use a Roku device, the streaming service announced Monday.
WILL AI REPLACE DOCTORS WHO READ X-RAYS, OR JUST MAKE THEM BETTER THAN EVER?
How good would an algorithm have to be to take over your job?
GM'S CRUISE TO START TESTING ROBOTAXIS IN PHOENIX AREA WITH HUMAN SAFETY DRIVERS ON BOARD
General Motorsâ troubled Cruise autonomous vehicle unit said it will start testing robotaxis in Arizona this week with human safety drivers on board.
GOOGLE UNLEASHES AI IN SEARCH, RAISING HOPES FOR BETTER RESULTS AND FEARS ABOUT LESS WEB TRAFFIC
Google this week rolled out a retooled search engine that will frequently favor responses crafted by artificial intelligence over website links, a shift promising to quicken the quest for information while also potentially disrupting the flow of money-making internet traffic.
SMALL, WELL-BUILT CHINESE EV CALLED THE SEAGULL POSES A BIG THREAT TO THE US AUTO INDUSTRY
A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling.
INTEL EXEC ON BRINGING ARTIFICIAL INTELLIGENCE INTO THE WORKPLACE
Artificial intelligence is just about everywhere you look these days â including the workplace.
