WALL STREET WEEK: SUPPLY-CHAIN SOLUTIONS

The video discusses the impact of the COVID-19 pandemic on the auto industry, highlighting how factory shutdowns in Malaysia have caused a ripple effect, slowing down auto manufacturing. Recovery signs are emerging as Malaysian chip factories resume operations and major auto plants in America restart. However, GM's Mary Barra emphasizes the need for a permanent fix, with expectations of improvement by the second half of 2022. Michigan Congresswoman Haley Stevens advocates for the Chips Act to boost U.S. chip manufacturing, providing certainty for automotive companies and relief for Americans.

How has the COVID-19 pandemic affected the auto industry according to President Biden?

• It has led to increased car sales.

• It has caused disruptions due to factory shutdowns.

• It has improved manufacturing efficiency.

• It has had no impact on the industry.

What recent development has helped improve the situation in the auto industry?

• New car models being released.

• Malaysian chip factories resuming operations.

• Increased demand for electric vehicles.

• Reduction in fuel prices.

What is GM's Mary Barra's perspective on the current improvements in the auto industry?

• She believes the improvements are sufficient.

• She is looking for a more permanent fix.

• She is satisfied with the current state.

• She thinks the situation will worsen.

What legislative measure is Congresswoman Haley Stevens advocating for?

• The Green New Deal.

• The Tax Reform Act.

• The Chips Act.

• The Infrastructure Bill.

Why is the Chips Act important for the automotive industry according to Congresswoman Stevens?

• It will reduce car prices.

• It will increase fuel efficiency.

• It will promote electric vehicles.

• It will provide certainty for automotive companies.