Auto Industry
AFP
Oct 31, 2021, 11:41 PM
Accepted by Europcar's board but still subject to a green light from France's market watchdog, the deal would give VW 66 per cent of shares.
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AFP | Oct 31, 2021German Court Acquits VW Managers In Overpayment Case: ReportJudges in Brunswick did not find that the accused deliberately acted "contrary to duty and to the detriment of the company", a court spokesman said.1 mins
AFP | Oct 31, 2021Stellantis' Car Production Chopped By Chip ShortageThe company said that the shortage of semiconductors was worse than it had predicted even as late as August, but that supplies were now stabilising.1 mins
AFP | Oct 31, 2021GM Reports Big Drop In Q3 US Sales On Semiconductor WoesGM reported third-quarter sales of 446,997 in the United States, down almost a third from the year-ago period.1 mins
Reuters | Oct 31, 2021Micron Considering New U.S. Memory Chip Factory As It Gears Up SpendingMicron has pilot manufacturing lines for developing new technologies at its Idaho headquarters and a factory in Virginia that turns out special high-reliability chips for automobiles.1 mins
Reuters | Oct 31, 2021Volkswagen's Skoda To Resume Production After Two-Week Outage: ReportSkoda Auto to resume production at most of its plants on Sunday evening after a two-week outage.1 mins
AFP | Oct 31, 2021Stellantis Suspends Vienna Production Over Chip Shortage"Production will resume on January 2, 2022," it said, adding that in the meantime, staff would be put on short-time working.1 mins
AFP | Oct 31, 2021GM, GE To Collaborate On Sourcing Rare MaterialsThe two US industrial giants signed a memorandum of understanding with the goal of establishing "a North America- and Europe-based supply chain of vertically integrated magnet manufacturing that both companies will use in the future.1 mins
AFP | Oct 31, 2021Italy Car Production Dives Over 37 Percent In AugustThe 37.4 percent drop was a sharp acceleration on the 7.4 percent decline recorded in July, according to the National Statistics Institute (ISTAT).1 mins
