Auto Industry
Reuters
Nov 1, 2021, 1:01 AM
The European Commission, the EU executive, in September proposed a European Chips Act covering research and production capacity, prompted by the chip shortage that has disrupted the auto industry, medical devices makers and telecoms providers.
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AFP | Nov 1, 2021Chip Shortage Takes Shine Off Volkswagen's Third QuarterIn 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.1 min read
Reuters | Nov 1, 2021Lyft Records More Than 4,000 Sexual Assault Cases In Long-Overdue Safety ReportThe company report showed sexual assault reports on its platform had increased from around 1,100 in 2017 to some 1,800 in 2019.1 min read
Reuters | Nov 1, 2021Ford To Suspend Production At Mexican Plant Due To Material Shortages: ReportFord Motor Co. to suspend production at its Hermosillo factory in northern Mexico from November 1-5 due to material shortages.1 min read
AFP | Nov 1, 2021LG To Reimburse GM $1.9 Billion Over Chevrolet Bolt EV RecallGM 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.1 min read
Reuters | Nov 1, 2021Samsung SDI, Stellantis Agree Joint Electric Vehicle Battery DealSamsung 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.1 min read
AFP | Oct 31, 2021VW Offers 2.5 Billion Euros To Take Over France's EuropcarAccepted 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.1 min read
AFP | Oct 31, 2021German Court Acquits VW Managers In Overpayment Case: ReportJudges in Brunswick did not find that the accused deliberately acted "contrary to duty and to the detriment of the company", a court spokesman said.1 min read
AFP | Oct 31, 2021Stellantis' Car Production Chopped By Chip ShortageThe company said that the shortage of semiconductors was worse than it had predicted even as late as August, but that supplies were now stabilising.1 min read
