Auto Industry
AFP
Oct 31, 2021, 10:37 PM
GM reported third-quarter sales of 446,997 in the United States, down almost a third from the year-ago period.
1 Min
Reuters | Oct 31, 2021Micron Considering New U.S. Memory Chip Factory As It Gears Up SpendingMicron 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.1 min read
Reuters | Oct 31, 2021Volkswagen's Skoda To Resume Production After Two-Week Outage: ReportSkoda Auto to resume production at most of its plants on Sunday evening after a two-week outage.1 min read
AFP | Oct 31, 2021Stellantis 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.1 min read
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
