Auto Industry
Reuters
Feb 27, 2023, 6:19 PM
Ridesharing companies are starting to recover from pandemic lows as offices reopen and following a resurgence in travel on the back of reopening of closed borders and a strong U.S. dollar.
2 Min
Reuters | Feb 27, 2023Like Musk, Nickel-Rich Indonesia Has High Electric Vehicle AmbitionsIn just three years, Indonesia has signed more than a dozen deals worth more than $15 billion for battery and electric vehicle production in the country with manufacturers including Hyundai Motor, LG Group and Foxconn.0 mins read
Reuters | Feb 27, 2023Ford's Pain Underscores Uneven Impact Of Two-Year Auto Chip ShortageFord 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 mins read
Reuters | Feb 27, 2023Ford Posts Lower Profit, Issues Downbeat Outlook; Shares DropFord 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, 2023Xiaomi Demands Payout From Supplier After Car Designs LeakedXiaomi CEO Lei Jun also circulated the note on his personal Weibo page.0 mins read
Reuters | Feb 27, 2023Berkshire Hathaway Sells $44.9 Million Of Shares In China's BYDThe 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, 2023Honda To Start Producing New Hydrogen Fuel Cell System Co-Developed With GMHonda 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, 2023EV Maker Rivian To Cut 6% Of Jobs Amid Price War -Internal MemoLayoffs 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, 2023SK On Confirms Termination Of Non-Binding Agreement To Build Battery Cell Venture In TurkeySK 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
