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Mexico has stopped assembling 581,513 cars due to chip shortages, The Yucatan Times reported. Data from Mexican Association of the Automotive Industry showed that the industry worked at 63% capacity in November due the shortage. Nissan recently said it would lay off 866 employees at its Morelos plant as it would stop the production of models like the Versa.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees