Auto Industry
AFP
Oct 31, 2021, 9:39 PM
"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, 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 min read
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 min read
AFP | Oct 31, 2021Europe Car Sales Sink On Chip ShortageNew 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.1 min read
AFP | Oct 31, 2021Truck Maker Volvo Says Profits Back Near Pre-Pandemic LevelsVolvo 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.1 min read
AFP | Oct 31, 2021Petrol Price Hits Record High At UK PumpsThe 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.1 min read
AFP | Oct 31, 2021Renault Forecasts Production Fall On ShortagesThe 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.1 min read
AFP | Oct 31, 2021Auto Parts Giant Continental Cuts Outlook As Supply Bottleneck TightensContinental's sales in the third quarter were down year-on-year by 8.5 percent to 8 billion euros as the supply crisis worsened, according to preliminary figures published alongside the outlook revision.1 min read
Reuters | Oct 31, 2021Online Insurer Acko Raises $255 Million For Expansion DriveThe funds will also be used to develop new insurance products, for taking them to customers, as well as for fostering partnerships in the wider health economy including with hospitals.1 min read
