Auto Forecaster Slashes Outlook by Most Since Chip Woes Emerged

Bloomberg2021-09-17

IHS cuts production view through 2023 by 14.5 million cars Industry struggles to come to grips with supply-chain issues A forecaster whose production projections are cited by automakers, suppliers ...

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OWYONG
2021-09-17
OWYONG
Ok
- JiaJun87:
  [Great][Great][Great]
PanaCota
2021-09-17
PanaCota
Ok
- OWYONG:
  ok

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The researcher also trimmed its 2023 estimate by 1.1%, or 1.05 million units.\n“This is the largest single adjustment to the outlook in what has been a turbulent past nine months,” the research firm said Thursday.\n\nThe revisions reflect the challenge the auto industry has had coming to grips with one supply-chain disaster after another. First, the industry cut chip orders too deeply during last year’s initial pandemic lockdowns, ceding its spot in line to sectors that saw demand surge when consumers were forced into quarantine. Then came winter storms in Texas, a factory firein Japanand Covid-19 outbreaks in Southeast Asia.\nThe latest disruption originated in Malaysia, a hot spot for semiconductor packaging and testing. The government there has implemented rolling lockdown measures that may prevent the industry from returning to full capacity until late October, IHS said.\nAnalysts who regularly riff on IHS’s monthly revisions expressed shock on Friday.\n“The ’22 cut was the big surprise,” Credit Suisse’s Dan Levy wrote. “As far as we can tell it was IHS’s largest-ever cut for an annual forecast.”\nChris McNally of Evercore ISI called the cuts “huge” and said they suggest that consensus for suppliers’ earnings per share should drop by 15% to 20%.\n“The complete and utter lack of current visibility means the group will likely now need Oct/Nov to find a bottom,” McNally wrote.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":884609838,"gmtCreate":1631884753824,"gmtModify":1676530661099,"author":{"id":"3580123886907382","authorId":"3580123886907382","name":"OWYONG","avatar":"https://static.tigerbbs.com/e7740ceb2f12052f71b2b1260d80fdc0","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3580123886907382","idStr":"3580123886907382"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/884609838","repostId":1105368772,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5903920,"gmtCreate":1631885463975,"gmtModify":1663234027642,"authorId":3573875235773606,"author":{"id":3573875235773606,"idStr":"3573875235773606","authorId":3573875235773606,"name":"JiaJun87","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.13","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884609838,"type":1,"supId":0,"prevId":0,"content":"[Great][Great][Great]","text":"[Great][Great][Great]","html":"[Great][Great][Great]"}],"langContent":"EN"},{"id":884846720,"gmtCreate":1631883163660,"gmtModify":1676530660648,"author":{"id":"3581588474178431","authorId":"3581588474178431","name":"PanaCota","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581588474178431","idStr":"3581588474178431"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/884846720","repostId":1105368772,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5903797,"gmtCreate":1631884776272,"gmtModify":1663234026028,"authorId":3580123886907382,"author":{"id":3580123886907382,"idStr":"3580123886907382","authorId":3580123886907382,"name":"OWYONG","avatar":"https://static.tigerbbs.com/e7740ceb2f12052f71b2b1260d80fdc0","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.03","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":884846720,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":49,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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