Auto Industry
AFP
Oct 31, 2021, 6:15 PM
The Detroit giant, which has joined other major automakers in cutting back production amid a global chip shortage, saw lower revenues tied to a drop in car sales compared with the year-ago period.
1 Min
AFP | Oct 31, 2021Daimler Quarterly Profits Up Despite Chip CrisisThe Mercedes-Benz maker said in a statement its net profit surged 19 percent year-on-year to 2.57 billion euros ($3.0 billion) while earnings before interest and taxes rose four percent to 3.61 billion euros.1 mins
Reuters | Oct 31, 2021Didi's Ride Hailing Rival T3 Raises $1.2 Billion To ExpandT3's funding round comes as ride-hailing companies step up efforts to take market share from China's ride-hailing market leader Didi Global Inc.1 mins
Reuters | Oct 31, 2021Tesla Hikes Price Of Model X, Model S Variants By $5,000The Model X Long Range and Model S Long Range now sell for $104,990 and $94,990 respectively.1 mins
Reuters | Oct 31, 2021GM To Resume Limited Production At EV Plant In MichiganGM said limited production will start Nov. 1 to help optimize battery production and supply chain repair logistics, including providing vehicles to be used as courtesy transportation for customers during recall repairs.1 mins
Reuters | Oct 31, 2021Brembo Eyes Startup Deals As Software Takes Bigger Role In BrakesThe company presented 'Sensify', a pioneering braking system that can operate independently on each of a vehicle's four wheels.1 mins
Reuters | Oct 31, 2021BASF Partners With SVolt To Develop Battery Material: ReportThe partnership is focused on development of cathode active materials as well as raw materials supply and the recycling of battery cells from SVolt, the companies said without disclosing financial details.1 mins
Reuters | Oct 31, 2021Tesla Model 3 Becomes First EV To Top European Monthly SalesIn the battery electric vehicle segment, Tesla's Model 3 and Y ranked first and second, with Volkswagen's ID.3 in third place.1 mins
Reuters | Oct 31, 2021Stellantis, LGES Strike Battery Production Deal For North AmericaStellantis and LGES's joint venture will produce battery cells and modules at a new facility with an annual capacity of 40 gigawatt hours (GWh).1 mins
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