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(Reuters) - The global semiconductor chip shortage will cost automakers $110 billion in lost revenues this year, up from a prior estimate of $61 billion, consulting firm AlixPartners said, as it forecast the crisis will hit the production of 3.9 million vehicles.
The chip crunch has driven home the need for automakers to be proactive right now, and create supply-chain resiliency longer term to avoid disruptions in the future, the firm said on Friday.
Automakers have in the past had direct supply agreements with producers of certain raw materials, including precious metals such as palladium and platinum, used in exhaust scrubbing systems.
Servers Of Colonial Pipeline Hacker Darkside Forced Down: Security Firm
05/14/21 AT 10:54 AM
Servers for Darkside were taken down by unknown actors Friday, a week after the cyber extortionist forced the shutdown of a large US oil pipeline in a ransomware scam, a US cyber security firm said.
Recorded Future, the security firm, said in a post that the allegedly Russia-based Darkside had admitted in a web post that it lost access to certain servers used for its web blog and for payments.
Accessed via TOR on the dark web, the Darkside site address showed a notice saying it could not be found.
Jeff Decoteau
Neel-Schaffer, Inc., has announced that Jeff Decoteau, PE, PMP, has joined the firm in the newly created position of Water Resources Engineering Manager.
In this role, Decoteau will help Neel-Schaffer grow its Water Resources group across the companyâs nine-state footprint.
Based in the Baton Rouge office, Decoteau has over 30 years of experience as a Project Engineer, Project Manager, and Operations Leader. He has extensive experience in managing and developing water resources teams and business development.
âWe are very excited to have Jeff join our Water Resources team,â said Glenn Ledet, PE, Neel-Schafferâs Program Manager for Coastal Science and Engineering. âHe brings tremendous experience to Neel-Schaffer and will be an important part of our future growth as we continue development of our Strategic Planning Initiative to grow the Water Resources sector.â
Mike Morse, who heads Mike Morse Law firm, has been named amongst the top 50 most influential trial lawyers by the Trial Lawyer Magazine and The National Law Journal. DETROIT, MI / ACCESSWIRE / May 11
Xiaomi, US government agree to drop firm from blacklist
12 May 2021 - 9:14
Bloomberg
Xiaomi Corp. and the U.S. government have reached an agreement to set aside a Trump administration blacklisting that could have restricted American investment in the Chinese smartphone maker.
The Chinese smartphone giant had sued the government earlier this year, after the U.S. Defense Department under former President Donald Trump issued an order designating the firm as a Communist Chinese Military Company, which would have led to a de-listing from U.S. exchanges and deletion from global benchmark indexes. The U.S. Defense Department has now agreed that a final order vacating the designation would be appropriate,” according to a filing to the U.S. courts Tuesday.