The article didnt say what 3M

2021-09-14

The article didnt say what 3M is supplying to the auto makers, and how big impact the segment has to its overall business.

Now it just read like a general statement about the auto industries and nothing to do 3M. Replace 3M with any Tom, Dick or Harry, it still read right..

"Ben Doubles Its Estimated Drop in Car Output on Chip Shortage"

3M Doubles Its Estimated Drop in Car Output on Chip Shortage

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Replace 3M with any Tom, Dick or Harry, it still read right..</p><p>\"Ben&nbsp;Doubles Its Estimated Drop in Car Output on Chip Shortage\"&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>The article didnt say&nbsp;what 3M is supplying to the auto makers, and how big impact&nbsp;the&nbsp;segment has to its overall business.</p><p>Now it just read like a general statement about the auto industries and nothing to do&nbsp;3M. Replace 3M with any Tom, Dick or Harry, it still read right..</p><p>\"Ben&nbsp;Doubles Its Estimated Drop in Car Output on Chip Shortage\"&nbsp;</p></body></html>","text":"The article didnt say what 3M is supplying to the auto makers, and how big impact the segment has to its overall business. Now it just read like a general statement about the auto industries and nothing to do 3M. Replace 3M with any Tom, Dick or Harry, it still read right.. \"Ben Doubles Its Estimated Drop in Car Output on Chip Shortage\"","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/886172662","repostId":1146713993,"repostType":4,"repost":{"id":"1146713993","kind":"news","pubTimestamp":1631546225,"share":"https://www.laohu8.com/m/news/1146713993?lang=&edition=full","pubTime":"2021-09-13 23:17","market":"us","language":"en","title":"3M Doubles Its Estimated Drop in Car Output on Chip Shortage","url":"https://stock-news.laohu8.com/highlight/detail?id=1146713993","media":"Bloomberg","summary":"Semiconductor supplies to roil auto industry into 2022: CFO\nInflation to ding profits at Post-it not","content":"<ul>\n <li>Semiconductor supplies to roil auto industry into 2022: CFO</li>\n <li>Inflation to ding profits at Post-it note, touchscreen maker</li>\n</ul>\n<p>3M Co.&nbsp;expects the semiconductor shortage that has idled auto factories worldwide will last into 2022 and the company has doubled its previous estimate for the decline in new-vehicle production in this year’s second half.</p>\n<p>The year-over-year drop will be 6%, up from 3%, Chief Financial Officer Monish Patolawala said Monday at a Morgan Stanley conference.</p>\n<p>“Until you see the availability of chips go up and a steady supply of all of those chips, you’re going to have auto OEMs have to go through ups and downs to keep their factories running,” he said.</p>\n<p>Automakers including&nbsp;Toyota Motor Corp.,General Motors Co.&nbsp;and&nbsp;Volkswagen AG&nbsp;have been forced to curtail production due to the chip shortfall. Toyota last week&nbsp;trimmed&nbsp;its annual production forecast due to the constraint and the spread of coronavirus cases in southeast Asia. GM has said it expects the situation to&nbsp;worsen&nbsp;this year before improving in 2022, while VW’s chief executive has&nbsp;warned&nbsp;the shortages could last for years.</p>\n<p>Patolawala said the chip issue is one of several supply-chain issues that, along with higher inflation, is likely to negatively affect the St. Paul, Minnesota-based manufacturer’s earnings per share this year. He said that will impact the company on the “high end” of the 65 cents per share to 80 cents per share range. In July, 3M&nbsp;forecast&nbsp;earnings per share of $9.70 to $10.10 for the full year.</p>\n<p>3M shares rose 1.8% to $187.82 as of 10:58 a.m. in New York.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3M Doubles Its Estimated Drop in Car Output on Chip Shortage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3M Doubles Its Estimated Drop in Car Output on Chip Shortage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 23:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-13/3m-doubles-its-estimate-for-drop-in-car-output-on-chip-shortage?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Semiconductor supplies to roil auto industry into 2022: CFO\nInflation to ding profits at Post-it note, touchscreen maker\n\n3M Co. expects the semiconductor shortage that has idled auto factories ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-13/3m-doubles-its-estimate-for-drop-in-car-output-on-chip-shortage?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MMM":"3M"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-13/3m-doubles-its-estimate-for-drop-in-car-output-on-chip-shortage?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146713993","content_text":"Semiconductor supplies to roil auto industry into 2022: CFO\nInflation to ding profits at Post-it note, touchscreen maker\n\n3M Co. expects the semiconductor shortage that has idled auto factories worldwide will last into 2022 and the company has doubled its previous estimate for the decline in new-vehicle production in this year’s second half.\nThe year-over-year drop will be 6%, up from 3%, Chief Financial Officer Monish Patolawala said Monday at a Morgan Stanley conference.\n“Until you see the availability of chips go up and a steady supply of all of those chips, you’re going to have auto OEMs have to go through ups and downs to keep their factories running,” he said.\nAutomakers including Toyota Motor Corp.,General Motors Co. and Volkswagen AG have been forced to curtail production due to the chip shortfall. Toyota last week trimmed its annual production forecast due to the constraint and the spread of coronavirus cases in southeast Asia. GM has said it expects the situation to worsen this year before improving in 2022, while VW’s chief executive has warned the shortages could last for years.\nPatolawala said the chip issue is one of several supply-chain issues that, along with higher inflation, is likely to negatively affect the St. Paul, Minnesota-based manufacturer’s earnings per share this year. He said that will impact the company on the “high end” of the 65 cents per share to 80 cents per share range. In July, 3M forecast earnings per share of $9.70 to $10.10 for the full year.\n3M shares rose 1.8% to $187.82 as of 10:58 a.m. in New York.","news_type":1},"isVote":1,"tweetType":1,"viewCount":523,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["MMM","00699"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":276,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/886172662"}