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15 U.S. Senators Encourage White House Action on Reuters Car Chip Shortage

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© Reuters.US Senate Leader Chuck Schumer (D-NY) speaks at a press conference at the US Capitol

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(Reuters)-On Tuesday, a group of 15 U.S. Senators, including majority leader Chuck Schumer and Republican John Cornyn, work with Congress to address the global semiconductor shortage that is hindering car manufacturing. I urged the White House to do it.

In a letter to the White House, senators from major automobile states such as Michigan, Ohio, and Indiana warned that “the shortage threatens post-pandemic economic recovery.”

Automakers around the world are closing their assembly lines due to semiconductor delivery issues. This can be exacerbated by the actions of the former Trump administration on China’s major chip factories.

The shortage is Volkswagen (DE :), Ford Motor (NYSE :) Co, Subaru (OTC :) Corp, Toyota Motor (NYSE :) Corp, Nissan (OTC :) Motor Co Ltd, Fiat Chrysler Automobiles and other car manufacturers.

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15 U.S. Senators Encourage White House Action on Reuters Car Chip Shortage

https://www.investing.com/news/stock-market-news/15-us-senators-urge-white-house-action-on-auto-chip-shortage-2407241 15 U.S. Senators Encourage White House Action on Reuters Car Chip Shortage

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