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FT News Briefing

Auto industry chip shortage worsens

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 20 August 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

Read a transcript of this episode on FT.com

https://www.ft.com/content/243efeb3-032a-4282-b83a-24f566ea1161


The chip shortage hobbling the auto industry has worsened as a wave of coronavirus cases spreads across south-east Asia with three of the world’s largest automakers announcing new disruptions on their assembly lines, Europe remains scarred by the memory of the Syrian refugee crisis and the bloc’s message about Afghan refugees is different, and FT Management Editor Andrew Hill shares highlights from this year’s longlist for the FT & McKinsey Business Book of the Year Award. 



Chip shortage deepens supply problems at global carmakers - with 

Tokyo Correspondent Kana Inagaki 

https://www.ft.com/content/89bd676c-fc10-4a69-9b03-dc50ed3f441d


In Europe, Afghan refugees raise spectre of 2015 asylum crisis - with Berlin Bureau Chief Guy Chazan

https://www.ft.com/content/15549b1b-81c9-452f-9876-e90dc6c61ce0


FT and McKinsey Business Book of the year Longlist - with Management Editor Andrew Hill 

https://www.ft.com/content/2529e4d9-0ca2-4bec-bc14-8d6626651408 



The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning from the Financial Times.

0:04.0

Today is Friday, August 20th, and this is your FT News Briefing.

0:09.0

The chip shortage is back, and it's hitting the car industry in a big way.

0:13.3

The Taliban's rule in Afghanistan is raising the specter of new refugee flows.

0:17.4

We'll talk to a correspondent in Germany, where memories of the 2015 Syrian refugee crisis

0:23.0

are still fresh in people's minds.

0:25.1

Experts who know about the situation with migration say that any parallels with 2015 are completely misplaced.

0:32.8

And, in the last of our summer book chats, we'll talk about the titles that made the long list

0:37.2

for this year's FT and McKinsey Business Book of the Year Award.

0:40.9

I'm Joanna Gao, in for Mark Filipino, and here's the news you need to start your day.

0:48.8

Three of the world's biggest car makers yesterday announced their production would be disrupted

0:53.7

because they don't have enough semi-conductor chips.

0:56.9

Now, this comes as COVID sweeps across Southeast Asia, where many chips are made.

1:01.4

One of the car makers, Ford, said one of its plans would halt assembly of the popular F-150 pickup

1:07.0

truck for a week, starting Monday. General Motors added or extended downtime at production lines

1:12.5

in North America. In Toyota, said it would slash global production by 40% starting next month.

1:19.8

Here's the FT's Tokyo correspondent, Kana Inagaki.

1:23.2

Toyota is blaming the sudden surge in coronavirus cases.

1:27.0

I'm the two big countries that have been affected is Vietnam and Malaysia,

1:31.2

which have critical roles in producing electronics, as well as packaging and testing components.

1:36.4

It's going to affect basically all the plans across the world, but the biggest area that will be

1:42.4

hit is home market in Japan, where 14 out of the 15 plans will be affected.

...

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