Auto Industry
Reuters
Sep 18, 2021, 11:07 PM
The company slowed production in the first half of the year, then exceptionally opened the factories in August to offset the shortfall, but was eventually forced to idle part of its operation in late August.
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Reuters | Sep 18, 2021Chip Supply, Testing Woes To Further Curb Light Vehicle Production In 2021: ReportAutomakers from General Motors to Japan's Toyota have slashed output and sales forecasts due to scarce chip supplies, made worse by a COVID-19 resurgence in key Asian semiconductor production hubs.1 min read
Reuters | Sep 18, 2021Tesla To Work With Global Regulators On Data Security: MuskTesla, which assembles vehicles for the Chinese market in Shanghai, has been under scrutiny in China this year over its storage and handling of customer data.1 min read
Charanpreet Singh | Sep 18, 2021MG Expects To Double Its Volumes With The Launch Of Astor: ReportMG Motor India is expected to outperform the market this year and aims to double the sales by the first quarter of 2022.1 min read
Reuters | Sep 18, 2021GM Extends EV Bolt Production Halt To Mid-OctoberGM said the extension of the production halt at its Orion Assembly plant will go through at least Oct. 15. GM also said it was cutting production at six other North American assembly plants because of the ongoing semiconductor chips shortage.1 min read
Reuters | Sep 18, 2021Infineon Opens Austria Plant Early In Chip Capacity BoostThe Villach factory, ready three months early, will make chips on 300 mm wafers thinner than a human hair, operating in tandem as a 'megafab' with an existing German plant in Dresden.1 min read
Reuters | Sep 18, 2021Daimler Truck Boss Says Chip Supply Has Tightened FurtherDaum said the tightening of supply could have a major impact on unit sales in the third quarter, adding he saw no signs of a fast recovery and the issue would stay with the sector for a while.1 min read
Charanpreet Singh | Sep 18, 2021MG Motor India Interested In Acquiring Ford's Manufacturing Plants: ReportMG Motor India has reportedly expressed interest in acquiring Ford's Sanand and Chennai plants. However, the talks are in very early stages.1 min read
car&bike Team | Sep 18, 2021Volta Trucks Raises $43.7 Million In Latest Funding RoundVolta Trucks has raised 37 million euros ($43.7 million) in its latest funding round led by hedge fund Luxor Capital and including an investment by Volta's battery supplier Proterra.1 min read
