FT News Briefing Carmakers’ chip woes, UK directors face liability rules, Japan’s job-creating robots
Feb 5, 2021
German carmakers are stockpiling semiconductors to tackle supply chain issues. Meanwhile, UK directors face potential personal liability for inaccurate financial statements. In Japan, robots are enhancing care in nursing homes, creating jobs instead of replacing them. Additionally, CVC Capital Partners is seeking a stake in the NBA’s San Antonio Spurs, highlighting the rise of private equity in sports.
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Carmakers' Chip Woes
- German carmakers consider holding larger semiconductor inventories.
- This aims to mitigate production halts caused by chip shortages, like those experienced by Nissan, Honda, and GM.
Supply Chain Overhaul
- Carmakers should consider stockpiling semiconductors.
- The current just-in-time delivery system leaves them vulnerable to supply chain disruptions.
UK Director Liability
- UK directors may become personally liable for financial statement accuracy.
- New corporate governance reforms aim to prevent accounting scandals but could increase business costs.