Author: World_Newz Mon

World NM: Ford, GlobalFoundries partners to offset chip supplies shortage001654

RIYADH: US Ford Motor Co. will explore buying chips directly from GlobalFoundries, as a response to a global semiconductor shortage that’s crimped profits and production, Bloomberg reported. This agreement marks one of the first direct tie-ups between a major automaker and a chip producer to result from the semiconductor shortfall. The chip shortage has dented profits… Continue reading World NM: Ford, GlobalFoundries partners to offset chip supplies shortage001654

World NM: Car show to bring more than 600 exotic and rare automobiles to Riyadh001652

What is considered to be the biggest car show in the region opened its doors to the public on Thursday displaying more than 600 exotic and rare automobiles in one venue for all eyes to see. Car enthusiasts will be able to see classic and modern sports cars from prestigious manufacturers such as Ferrari, Lamborghini,… Continue reading World NM: Car show to bring more than 600 exotic and rare automobiles to Riyadh001652

World NM: Rivian sees $23bn wiped out following recent market debut001651

RIYADH: The runaway five-day rally in Rivian Automotive Inc. came to an abrupt halt on Wednesday, wiping out over $23 billion from the newly public automaker. Rivian, an American electric car manufacturer, saw its shares slide by 18 percent to $140.35 per share in New York, Bloomberg reported. Go to Source

World NM: TVR Signs Deal With Green Lithium Mining Corporation, Good News Ahead001646

TVR has signed an agreement with a company called Ensorcia Metals Corporation. The latter is a green lithium firm that will form a joint venture with TVR to build electric vehicles. Through another branch of Ensorcia, TVR will build the V8-powered Griffith, so fans of the brand should be somewhat happy. Just a few months… Continue reading World NM: TVR Signs Deal With Green Lithium Mining Corporation, Good News Ahead001646

World NM: Volvo Considers New Factory in Europe, Wants to Build More Vehicles Per Year001645

Volvo Cars is pondering the possibility of a third factory in Europe, which would boost production capacity beyond its current maximum. So, instead of up to 1.2 million vehicles per year, the Swedish marque eyes significantly more, but without disclosing the company’s targets. The alleged new factory would be built sometime by the half of… Continue reading World NM: Volvo Considers New Factory in Europe, Wants to Build More Vehicles Per Year001645

World NM: Syrena: Poland’s retro electric car rolls back the years 15.11.2021001644

After the successful launch of a combustion engine version of the iconic communist-era car, the Syrena, its Polish carmaker Fabryka Samochodow Osobowych (FSO) wants to launch an electric version. The project has been possible thanks to financial support from Polfarmex and the Polish government, and the EU’s Innovative Economy initiative providing 4.5 million zlotys (€1… Continue reading World NM: Syrena: Poland’s retro electric car rolls back the years
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World NM: The automotive plant that helped drive career opportunities for women001642

For much of its history, the Australian automobile manufacturing industry was a field dominated by men. Changing Gears: From Borg Warner to DSI, a new exhibition at the Albury Library Museum, celebrates the history of the plant and its people. Ms Eastick estimates the plant manufactured 4.1 million transmission systems over its factory life, making the part for cars… Continue reading World NM: The automotive plant that helped drive career opportunities for women001642

World NM: Jaguar Land Rover Expects Semiconductor Woes To Subside by Mid 2022001632

You might think it’s a bit pointless for any automaker to attempt to predict the future. But when you have a multi-billion dollar auto conglomerate endlessly waiting for news of some relief from the global chip shortage, any encouraging statistics are well welcome. That’s the situation the Tata-owned Jaguar Land Rover finds themselves in. First… Continue reading World NM: Jaguar Land Rover Expects Semiconductor Woes To Subside by Mid 2022001632