July 29, 2021
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These Cars Are Out of Production and Discontinued for 2022
Bouchard Transportation’s Tugs and Barges Auctioned Off
Car chip shortage to abate, smartphones could be next: industry execs
New York Jets assistant coach dies following bicycle accident
Lightyear One Electric Sedan To Be Produced By Valmet Automotive
1 killed in collision between train, vehicle in Douglas County
Washington transportation crew clears Seattle homeless encampment after arrests connected to rock-throwing
Texas dashcam shows illegal immigrants pour out of smuggler’s car after pursuit
30% tax credit for electric bikes makes progress in US Senate
Automotive Hall of Fame to induct Jay Leno, industry leaders
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These Cars Are Out of Production and Discontinued for 2022 Bouchard Transportation’s Tugs and Barges Auctioned Off Car chip shortage to abate, smartphones could be next: industry execs New York Jets assistant coach dies following bicycle accident Lightyear One Electric Sedan To Be Produced By Valmet Automotive 1 killed in collision between train, vehicle in Douglas County Washington transportation crew clears Seattle homeless encampment after arrests connected to rock-throwing Texas dashcam shows illegal immigrants pour out of smuggler’s car after pursuit 30% tax credit for electric bikes makes progress in US Senate Automotive Hall of Fame to induct Jay Leno, industry leaders
Jul
2021
25

Biden team sees chip relief coming soon for carmakers on supply gains

Biden administration officials say they’re starting to see signs of relief for the global semiconductor supply shortage, including commitments from manufacturers to make more automotive-grade chips for car companies that have had to idle production.

U.S. Commerce Secretary Gina Raimondo, who has led President Joe Biden’s efforts on chip supply, has brokered a series of meetings between semiconductor manufacturers, their suppliers, and their customers including automakers. Senior administration officials said the meetings helped ease mistrust between the sides related to the chipmakers’ production and allocation and automakers’ orders.

The result has been more transparency about the manufacturers’ production and shipments and a gradual increase in supply for automakers, Raimondo said in an interview. The administration has also recently pressed governments in Malaysia and Vietnam to ensure semiconductor plants would be deemed “critical” businesses and maintain some production following COVID-19 outbreaks, officials said.

“You’re starting to see some improvements,” Raimondo said, adding that in recent weeks, Ford Motor Co. CEO Jim Farley and General Motors CEO Mary Barra have told her that “they’re starting to get a little bit more of what they need” and the situation is “a little bit better.”

A Goldman Sachs analysis published last month said that the peak impact of the chip shortage was in the second quarter and auto production “should jump in July.” But U.S. automakers continue to struggle with the shortage, which is estimated to be taking a $110 billion toll on the industry.

Ford is closing or curtailing production at eight factories this month, including the plant manufacturing its new version of the iconic Bronco SUV. Five of GM’s North American plants will experience “downtime” due to “semiconductor production adjustments” this month and in August, according to GM spokesman David Barnas.

And tens of thousands of new cars remain sitting in lots outside U.S. factories, waiting for the chips that power their onboard computers.

A Ford spokeswoman declined to comment. Barnas confirmed the Barra conversation with Raimondo and provided a statement the company issued July 15.

GM’s “global purchasing and supply chain, engineering and manufacturing teams continue to find creative solutions and make strides working with the supply base to maximize production of our highest-demand and capacity-constrained vehicles, including full-size trucks and SUVs for our customers,” the statement said.

The semiconductor shortage predated the Biden administration but emerged as a crisis for the new president earlier this year, when U.S. automakers were forced to begin curtailing production for lack of chips. Manufacturing of semiconductors is concentrated with a pair of Asian companies, Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co.

TSMC, a key partner to many of the world’s biggest carmakers, said last week the company will ramp up production of microcontrollers by close to 60 percent this year, a move expected to greatly boost supplies for its automobile clients starting this quarter.

Semiconductor manufacturers and auto companies generally don’t see eye-to-eye on the causes of the shortage and the solutions. Auto companies have complained about a lack of transparency in how

Apr
2020
18

Largo bicycle shop sees businesses booming amid pandemic

LARGO, Fla. (WFLA) – Dan Block has been getting quite the workout lately. Block owns the D & S Bicycle shop on Walsingham Road in Largo and the coronavirus has him working overtime.

“It’s been crazy. Everybody that got their bikes that they’ve had them,” said Block, who fixes those bikes regularly. “Or they buy them at Walmart and they want them assembled, and hey, I’ll do that.”

Dan Block has owned a bike shop in Pinellas County for 42-years and remembers the last time there was a boom in business like this one.

Block explains with the gyms and beaches closed, there are few places to go work out and now many choose to take a bike ride.

Block specializes in bike rentals and sells a few used bikes on the side, but lately, he can’t keep any used inventory in stock.

“I’m limited choices right now,” said Block. “I don’t sell my rental fleet because that’s counterproductive.”

A viewer sent in a picture from a local big box store where the bicycle shelves were nearly empty.

Mary Lou Heym just bought her new bike. She winters in Pinellas County and spends the summers up north. She too is struggling with finding ways to occupy the time.

“Well I think everybody has the same idea,” said Heym. “You can’t sit inside and watch the news all day. That would make you crazy.”

Block says he appreciates the business, but after several weeks of working 80-hour weeks, he would like a break reminiscing on the last time there was a surge like this, but he was a bit younger then.

“When they first opened the Pinellas Trail,” said Block. “Everybody and their brother was getting out their bikes that they hadn’t ridden in years.”

LATEST ON THE CORONAVIRUS PANDEMIC:

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Apr
2020
14

Vehicle sees ‘heavy damage’ in Derby rollover


DERBY — A Route 8 north on ramp in the city was briefly closed Friday night after a rollover crash.

Firefighters and medics were dispatched to the call on Route 8 north near Exit 16 at 8:48 p.m., according to initial dispatch reports.

A first responder in the area chimed in on the radio waves, indicating he could swing by the crash site and report back to the responding units on what to expect.


He confirmed a rollover soon after, but clarified the location — on the entrance ramp for Route 8 north off of Main Street. Moments later, fire units started to get to the scene.

Fire officials at the crash site confirmed it was a one-car rollover with “heavy damage” to the vehicle. Units on scene reported all occupants were out of the vehicle.



As crews worked to clear the crash site, first responders shut down the on ramp from Main Street.

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Apr
2020
9

Bicycle Therapeutics Sees Hammer Chart Pattern: Time to Buy? – April 8, 2020

Bicycle Therapeutics plc (BCYC Free Report)  has been struggling lately, but the selling pressure may be coming to an end soon. That is because BCYC recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.

What is a Hammer Chart Pattern?

A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.

Other Factors

Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 3 estimates have gone higher, compared to none lower, while the consensus estimate has also moved in the right direction.

Estimates have actually risen so much that the stock now has Zacks Rank #2 (Buy) suggesting this relatively unloved stock could be due for a breakout soon. This will be especially true if BCYC stock can build momentum from here and find a way to continue higher of off this encouraging trading development. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.

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