STOCKHOLM, Nov 30 (Reuters) – Volvo Cars (VOLCARb.ST) warned on Tuesday that the sector-wide semiconductor shortage would continue into next year, as its first quarterly report since listing on the stock market a month ago confirmed a dip in revenue and profit. The Gothenburg-based carmaker said supply chains were still constrained but while production remained… Continue reading Autos & Transportation · 11:42 AM UTCVolvo Cars sees chip shortage extending into 2022, Q3 profit dipsVolvo Cars warned on Tuesday that the sector-wid…
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Battery maker Factorial Energy enters investment deal with Daimler, Stellantis
By Reuters Staff 2 Min Read Nov 30 (Reuters) – U.S. based Factorial Energy said on Tuesday it had entered into agreements with Daimler AG owned Mercedes-Benz and Stellantis NV, in a bid to commercialize its battery technology. Under the partnerships, both Daimler and Stellantis will make a strategic investment in the solid-state battery maker,… Continue reading Battery maker Factorial Energy enters investment deal with Daimler, Stellantis
Autos & Transportation · 5:40 AM UTCCourt finds Mazda Australia misled customers on refunds for faulty vehiclesAn Australian federal court has found t…
The logo of Mazda is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Andrew Cullen/File Photo Register now for FREE unlimited access to reuters.com Register Nov 30 (Reuters) – An Australian federal court has found that the local unit of Japanese automaker Mazda Motor Corp (7261.T) misled customers over… Continue reading Autos & Transportation · 5:40 AM UTCCourt finds Mazda Australia misled customers on refunds for faulty vehiclesAn Australian federal court has found t…
Musk highlights ‘supply chain nightmare’ in tweet
Tesla’s Cybertruck is displayed at Manhattan’s Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon Register now for FREE unlimited access to reuters.com Register Nov 29 (Reuters) – Tesla Inc (TSLA.O) Chief Elon Musk on Monday pointed to the challenges stemming from supply chain problems on Cybertruck’s production, even though the company… Continue reading Musk highlights ‘supply chain nightmare’ in tweet
Tesla to invest $188 million to expand Shanghai factory capacity -Beijing Daily
SHANGHAI, Nov 26 (Reuters) – Tesla Inc (TSLA.O) plans to invest up to 1.2 billion yuan ($187.91 million) to expand production capacity at its Shanghai factory that will allow it to employ 4,000 more people at the site, state-backed Beijing Daily newspaper reported on Friday. The newspaper attributed the information to a Shanghai government platform… Continue reading Tesla to invest $188 million to expand Shanghai factory capacity -Beijing Daily
Autos & Transportation · 10:01 AM UTCNissan unveils $18 bln electrification push in bid to draw level with rivalsNissan Motor Co announced it will spe…
Spending compares to 1 trln Y over pvs decade on electrification To launch 23 electrified vehicles by 2030, including 15 EVs To introduce all solid-state batteries by March 2029 Shares end down 5.6%, underperforming rivals YOKOHAMA, Nov 29 (Reuters) – Nissan Motor Co (7201.T) announced it will spend 2 trillion yen ($17.59 billion) over five… Continue reading Autos & Transportation · 10:01 AM UTCNissan unveils $18 bln electrification push in bid to draw level with rivalsNissan Motor Co announced it will spe…
Technology · 8:52 AM UTCXiaomi to open car plant in Beijing with annual output of 300,000 vehicles – Beijing govtChinese smartphone giant Xiaomi Corp …
The Xiaomi logo is seen at a Xiaomi shop in Shanghai, China May 12, 2021. REUTERS/Aly Song/File Photo SHANGHAI, Nov 27 (Reuters) – Chinese smartphone giant Xiaomi Corp (1810.HK) will build a plant that can produce 300,000 vehicles annually in Beijing for its electric vehicle unit, authorities in the capital said on Saturday. The plant… Continue reading Technology · 8:52 AM UTCXiaomi to open car plant in Beijing with annual output of 300,000 vehicles – Beijing govtChinese smartphone giant Xiaomi Corp …
Autos & Transportation · 10:59 AM UTCCarmakers get inventive as global chip crisis bitesWhether buying computer chips directly from manufacturers, rec…
Thousands of Ford F-150s without chips are stored at Kentucky Speedway in Sparta, Kentucky, U.S., September 8, 2021. REUTERS/Jeff Dean/File Photo Register now for FREE unlimited access to reuters.com Register MUNICH, Nov 26 (Reuters) – Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get… Continue reading Autos & Transportation · 10:59 AM UTCCarmakers get inventive as global chip crisis bitesWhether buying computer chips directly from manufacturers, rec…
Autos & TransportationVolkswagen sees Europcar deal as attractive, quashes hopes for higher bid10:53 AM UTC
A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer Register now for FREE unlimited access to reuters.com Register FRANKFURT, Nov 26 (Reuters) – Volkswagen (VOWG_p.DE) is convinced that its 2.9 billion euro ($3.3 billion) offer for France’s Europcar (EUCAR.PA), made as part of… Continue reading Autos & TransportationVolkswagen sees Europcar deal as attractive, quashes hopes for higher bid10:53 AM UTC
European Markets · 12:07 AM UTCLowest October UK car output since 1956 amid chip shortageBritish car output fell by an annual 41.4% last month to its …
Vauxhall Astra vehicles are pictured on a production line at Vauxhall car factory in Ellesmere Port, Britain July 6, 2021. REUTERS/Phil Noble Register now for FREE unlimited access to reuters.com Register LONDON, Nov 26 (Reuters) – British car output fell by an annual 41.4% last month to its lowest October level since 1956 as the… Continue reading European Markets · 12:07 AM UTCLowest October UK car output since 1956 amid chip shortageBritish car output fell by an annual 41.4% last month to its …