Auto Industry
Reuters
Oct 29, 2021, 7:53 PM
Volkswagen AG cut its outlook for deliveries, toned down sales expectations and warned of cost cuts as it reported lower-than-expected quarterly operating profit.
1 Min
Reuters | Oct 29, 2021Toyota Eyes Cost Cuts, Scale With First Of EV-Only bZ SeriesThe model would also initially be built on a mixed line with gasoline-engine cars, both in Japan and China. It will be sold in Japan, North America, China and Europe starting in mid-2022.1 min read
Reuters | Oct 29, 2021Taiwanese Battery Maker ProLogium Likely Valued At $2-$3 Billion In New Funding RoundThe company plans to use the capital to expand its mass production of solid-state lithium batteries in Asia, Europe and the United States between 2023 and 2025.1 min read
Reuters | Oct 29, 2021Panasonic Raises Profit Outlook 12% On Share Valuation GainPanasonic raised its profit forecast for the year to March 31 to 370 billion yen ($3.25 billion) from 330 billion yen.1 min read
Reuters | Oct 29, 2021Volvo Cars Hopes Downsized IPO Can Rev Up Investors' Electric DreamsThe listing comes at a time when investor appetite for the electric vehicle (EV) sector is robust, with Elon Musk's Tesla seeing its market value cross $1 trillion for the first time this week.1 min read
Reuters | Oct 29, 2021STMicro Expects High Chip Demand To Extend Well Into 2022STMicroelectronics expects high demand for the group's wide range of semiconductors to extend well into 2022.1 min read
car&bike Team | Oct 29, 2021Planning To Buy A Used Toyota Etios? Pros And ConsYou'll be able to land one in the pre-owned market for Rs. 5.5 lakh and this one will be in good shape1 min read
Reuters | Oct 29, 2021Japan's Factory Output Hit By Supply Snags As Outlook DarkensSeven out of eight Japanese automakers are seeing global output drop in September, as the global parts and chip shortage weighed on the sector.1 min read
Reuters | Oct 29, 2021Bosch To Invest More Than 400 Million Euro In Chip ProductionThe largest part of Bosch's budget will be spent on a faster expansion of its Dresden, Germany factory for 300-millimeter wafers, which the group inaugurated in June.1 min read
