Latest News

Reuters

Feb 27, 2023, 6:12 PM

Ford's Pain Underscores Uneven Impact Of Two-Year Auto Chip Shortage

Ford said on Thursday it left billions of dollars on the table that were within its control and blamed a 100,000 vehicle shortfall in its fourth-quarter volume mostly on the inability to obtain enough chips.

0 Min

• 
  Reuters | Feb 27, 2023

  Ford Posts Lower Profit, Issues Downbeat Outlook; Shares Drop

  Ford blamed chip shortages and other supply chain issues and production "instabilities" that raised costs, along with lower-than-expected volumes. Ford shares dropped more than 6% in after-market trading.

  0 mins read
• 
  Reuters | Feb 27, 2023

  Xiaomi Demands Payout From Supplier After Car Designs Leaked

  Xiaomi CEO Lei Jun also circulated the note on his personal Weibo page.

  0 mins read
• 
  Reuters | Feb 27, 2023

  Berkshire Hathaway Sells $44.9 Million Of Shares In China's BYD

  The sale lowered Berkshire's holdings in BYD's issued H-shares to 12.9% on Jan. 27, down from 13.04%, the filing to the Hong Kong Stock Exchange showed on Thursday.

  0 mins read
• 
  Reuters | Feb 27, 2023

  Honda To Start Producing New Hydrogen Fuel Cell System Co-Developed With GM

  Honda will target annual sales of around 2,000 units of the new system in the middle of this decade, the company said on Thursday, aiming to boost that to 60,000 units per year in 2030.

  0 mins read
• 
  Reuters | Feb 27, 2023

  EV Maker Rivian To Cut 6% Of Jobs Amid Price War -Internal Memo

  Layoffs at Rivian come amid falling EV prices kicked off by cuts made recently by Elon Musk-led Tesla and Ford Motor Co.

  0 mins read
• 
  Reuters | Feb 27, 2023

  SK On Confirms Termination Of Non-Binding Agreement To Build Battery Cell Venture In Turkey

  SK On - whose parent SK Innovation Co Ltd counts Hyundai Motor Co, Volkswagen AG and Ford among its customers - announced the joint venture to make electric vehicle (EV) battery cells in Turkey last year.

  0 mins read
• 
  Reuters | Feb 27, 2023

  Hertz Has Fewer Tesla's In Its Fleet Than Planned

  Hertz did not give details on why it has added fewer Tesla's than it originally planned to order.

  0 mins read
• 
  Reuters | Feb 27, 2023

  Mexico President Says Two Locations Primed For New Tesla Plant

  Lopez Obrador referred to both states as a possibility when asked about the firm's plans, which Tesla has not yet commented on, during a regular news conference.

  0 mins read