Auto Industry

AFP

Nov 1, 2021, 12:42 AM

Chip Shortage Takes Shine Off Volkswagen's Third Quarter

In the third quarter VW 'lost some 600,000 vehicles that could not be delivered to customers compared to the second quarter', chief executive Herbert Diess said in a conference call.

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  Reuters | Nov 1, 2021

  Lyft Records More Than 4,000 Sexual Assault Cases In Long-Overdue Safety Report

  The company report showed sexual assault reports on its platform had increased from around 1,100 in 2017 to some 1,800 in 2019.

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  Reuters | Nov 1, 2021

  Ford To Suspend Production At Mexican Plant Due To Material Shortages: Report

  Ford Motor Co. to suspend production at its Hermosillo factory in northern Mexico from November 1-5 due to material shortages.

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  AFP | Nov 1, 2021

  LG To Reimburse GM $1.9 Billion Over Chevrolet Bolt EV Recall

  GM is building jointly-owned battery plants with LG in the United States and indicated Tuesday it views the South Korean company as a long-time partner in its EV push.

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  Reuters | Nov 1, 2021

  Samsung SDI, Stellantis Agree Joint Electric Vehicle Battery Deal

  Samsung SDI and Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday.

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  AFP | Oct 31, 2021

  VW Offers 2.5 Billion Euros To Take Over France's Europcar

  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, 2021

  German Court Acquits VW Managers In Overpayment Case: Report

  Judges in Brunswick did not find that the accused deliberately acted "contrary to duty and to the detriment of the company", a court spokesman said.

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  AFP | Oct 31, 2021

  Stellantis' Car Production Chopped By Chip Shortage

  The company said that the shortage of semiconductors was worse than it had predicted even as late as August, but that supplies were now stabilising.

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  AFP | Oct 31, 2021

  GM Reports Big Drop In Q3 US Sales On Semiconductor Woes

  GM reported third-quarter sales of 446,997 in the United States, down almost a third from the year-ago period.

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