Two years into the C8’s life cycle, GM still hasn’t found a solution to the production halts of the mid-engined Corvette. From the health crisis to supply issues, the production schedule of the small-block sports car from Kentucky has taken another blow in the guise of a one-week intermission. 70 photos GM previously announced a… Continue reading World NM: 2021 Corvette Production Halt Extended by One Week Over Supply Issue001288
Author: World_Newz Mon
World NM: Hyundai Motor’s Q2 profit to draw attention amid chip shortage001287
The second quarter earnings of Hyundai Motor and Kia are expected to serve as a “barometer” for the future of the domestic auto market which is reeling from the effects of the global chip shortage, industry sources said Wednesday. During the January-March period, Hyundai Motor saw its net profit surge 175.4 percent year-on-year to 1.52… Continue reading World NM: Hyundai Motor’s Q2 profit to draw attention amid chip shortage001287
World NM: Lenovo CEO Says World Chip Shortage Will Last Well Into 2022001286
The CEO of Lenovo Group Ltd. (00992.HK) said he expects the global semiconductor shortage to persist for as long as another 18 months, as the unprecedented scarcity continues to squeeze production across a wide range of sectors. The company’s PC shipments grew 59% to 20.4 million units in the first three months of 2021. Some… Continue reading World NM: Lenovo CEO Says World Chip Shortage Will Last Well Into 2022001286
World NM: Windscreen version of the exclusive McLaren Elva enters production001285
The McLaren Elva debuted last year being a limited production supercar by the manufacturer. The windscreen Elva shares all of the ethos and performance of the original car remaining roofless and sans side windows or rear screen, which when combined with a dry lightest weight of less than 1300kg and a mid-mounted, 815bhp, 800Nm twin-turbocharged… Continue reading World NM: Windscreen version of the exclusive McLaren Elva enters production001285
World NM: Rust-X shows 70 percent hike in demand as India becomes the preferred destination for global car manufacturers – ThePrint001284
Rust-X, the global leader in providing VCI Corrosion Prevention Solutions across steel and automotive industries has experienced a huge surge in demand from US and Europe, especially in the automotive exports sector. Advantage of VCI dry-packaging over conventional packaging method is that covering of automotive parts using dry to touch oils and VCI packaging requires… Continue reading World NM: Rust-X shows 70 percent hike in demand as India becomes the preferred destination for global car manufacturers – ThePrint001284
World NM: Future ready 1991 Porsche 911001283
Everrati Automotive Limited is a leading technology company that specialises in the redefining and futureproofing of automotive icons through the integration of electric vehicle (EV) powertrains. The car is based upon a fully restored 1991 Porsche 911 964 and features carbon fibre body elements and a state-of-the-art EV powertrain capable of delivering an electric, emission-free… Continue reading World NM: Future ready 1991 Porsche 911001283
World NM: S. Korea to extend consumption tax cut on passenger cars by another 6 months001282
A 30 percent cut in the consumption tax on the purchase of passenger cars is supposed to expire at the end of June, but the country will extend it until the end of this year. In July 2018, the government slashed the auto consumption tax to 3.5 percent from 5 percent and has continued to… Continue reading World NM: S. Korea to extend consumption tax cut on passenger cars by another 6 months001282
World NM: Covid-19 pandemic: Nissan contributes over Rs 6.75 crore towards relief efforts001281
With the country battling the second wave of the Covid-19 pandemic, Nissan today announced that it has contributed more than Rs 6.75 crore. It has donated Rs 2.20 crore to Tamil Nadu State Disaster Management Authority, Rs 25 lakh to Tamil Nadu Chief Minister’s Public Relief Fund and over Rs 4.30 crore for essential medical… Continue reading World NM: Covid-19 pandemic: Nissan contributes over Rs 6.75 crore towards relief efforts001281
World NM: Autocomp sector set for a rebound after two tough fiscals: Crisil – ThePrint001280
The automotive components sector will see revenue rebound 21 to 23 per cent next fiscal as domestic and export demand revives after two straight contractions, a Crisil research analysis shows. The uptick in OEM demand will rub off on the automotive components sector which could see a revenue growth of 21 to 23 per cent… Continue reading World NM: Autocomp sector set for a rebound after two tough fiscals: Crisil – ThePrint001280
World NM: Hanon Systems bid highlights SK’s ties with Hahn & Co., Ford001279
LG still seen as most probable buyer of auto parts supplier By Park Jae-hyuk SK Group, which has been mentioned as a potential bidder for Hanon Systems, is in focus as observers wonder if the conglomerate will gain the upper hand over another probable bidder, LG Group. The conglomerate and the PEF had signed a… Continue reading World NM: Hanon Systems bid highlights SK’s ties with Hahn & Co., Ford001279