Auto Industry

Reuters

Oct 31, 2021, 10:05 PM

Micron Considering New U.S. Memory Chip Factory As It Gears Up Spending

Micron 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.

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  Reuters | Oct 31, 2021

  Volkswagen's Skoda To Resume Production After Two-Week Outage: Report

  Skoda Auto to resume production at most of its plants on Sunday evening after a two-week outage.

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  AFP | Oct 31, 2021

  Stellantis 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.

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  AFP | Oct 31, 2021

  GM, GE To Collaborate On Sourcing Rare Materials

  The 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.

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  AFP | Oct 31, 2021

  Italy Car Production Dives Over 37 Percent In August

  The 37.4 percent drop was a sharp acceleration on the 7.4 percent decline recorded in July, according to the National Statistics Institute (ISTAT).

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  AFP | Oct 31, 2021

  Europe Car Sales Sink On Chip Shortage

  New car registrations fell by 23.1 percent to 718,598 in September 2021 compared to a year ago, according to the European Automobile Manufacturers' Association, known as ACEA.

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  AFP | Oct 31, 2021

  Truck Maker Volvo Says Profits Back Near Pre-Pandemic Levels

  Volvo said in a statement that bottom-line net profit rose to just over seven billion kronor (700 million euros, $810 million) in three months to September, compared to 5.7 billion kronor in the same period a year earlier.

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  AFP | Oct 31, 2021

  Petrol Price Hits Record High At UK Pumps

  The previous record at the pumps, set in April 2012, was broken on Sunday as global oil prices rise dramatically, doubling from around $40 a barrel a year ago to $85 now.

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  AFP | Oct 31, 2021

  Renault Forecasts Production Fall On Shortages

  The group sold just over 599,000 vehicles in the third quarter, down 22.3 percent compared to the same period in 2020 when the auto industry re-emerged from months of pandemic-induced paralysis.

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