Auto Industry
AFP
Oct 31, 2021, 7:00 PM
Japanese prosecutors are seeking a two-year prison sentence for Kelly, a US citizen and former aide to ex-Nissan chief Carlos Ghosn.
1 Min
AFP | Oct 31, 2021GM Q3 Profit Drops Amid Semiconductor CrunchProfits fell 41 percent to $2.4 billion following a 24 percent drop in revenues to $26.8 billion amid a broad-based decline in sales in all markets and across models.1 min read
AFP | Oct 31, 2021Volvo Cars Shares Soar After IPOThe price per share for the offering had been set at 53 Swedish kronor, at the bottom end of the range Volvo announced last week of between 53 and 68 kronor per share ahead of its initial public offering (IPO).1 min read
AFP | Oct 31, 2021Ford Lifts Forecast, Citing Better Semiconductor SupplyThe 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 read
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 min read
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 min read
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 min read
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 min read
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 min read
