Category: News Type

Stellantis extends downtime at Chrysler minivan plant

Stellantis NV is extending downtime another week at its Chrysler minivan plant in Windsor, Ontario, the automaker confirmed Tuesday. The plant, home to the Chrysler Pacifica and Voyager, will idle the week of May 17. The plant has been down since late March and was shut down for three weeks in February before that due to the global semiconductor… Continue reading Stellantis extends downtime at Chrysler minivan plant

Ex-UAW President Williams sentenced to 21 months in union corruption probe

Detroit — Former United Auto Workers President Dennis Williams was sentenced to 21 months in federal prison Tuesday for stealing from union members during a conspiracy that stripped one of the nation’s most influential unions of its clean reputation and led to prolonged government oversight. Williams, 67, of Corona, Calif., is the highest-ranking UAW official sentenced during… Continue reading Ex-UAW President Williams sentenced to 21 months in union corruption probe

Nissan heads for third consecutive loss on chip shortage

TOKYO — Nissan Motor forecasts a net loss of 60 billion yen ($551 million) in the year ending March 2022, the company said Tuesday, as a global semiconductor shortage continues to drag on its operations. That will mean a third consecutive year of losses for the company, although the forecast figure is substantially lower than… Continue reading Nissan heads for third consecutive loss on chip shortage

SK battery materials affiliate surges in Seoul market debut

SEOUL — SK IE Technology, the battery materials affiliate of SK Innovation, made a strong debut on the Seoul stock market on Tuesday, with its shares initially doubling above the initial public offering price before giving up a chunk of their early gains. SK IET raised $2.2 trillion won ($2 billion) in its IPO, floating 21.4 million shares at… Continue reading SK battery materials affiliate surges in Seoul market debut

Renault Group: Nissan contributes -€73 million for first quarter 2021 to Renault’s earnings

 Nissan contributes -€73 million for first quarter 2021 to Renault’s earnings Boulogne-Billancourt, May 11th, 2021 Nissan released today its results for the fourth quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31st, 2021). Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2020/2021 (January 1st to March 31st,… Continue reading Renault Group: Nissan contributes -€73 million for first quarter 2021 to Renault’s earnings

Neoway Technology 5G+C-V2X Full-function Automotive-grade Module A590 Officially Released

SHENZHEN, China, May 11, 2021 /PRNewswire/ — On May 7, 2021, at the Automotive Aftermarket Industry and Tuning Trade Fair, Neoway Technology (Shanghai:688159) officially released the 5G+C-V2X full-function automotive-grade module A590. This further enriches the 5G series products of Neoway Technology, and helps the smart connected vehicle industry accelerate into the 5G era. “With its advantages… Continue reading Neoway Technology 5G+C-V2X Full-function Automotive-grade Module A590 Officially Released

Gordon Murray to develop urban EV as part of bold £300m expansion

File photo of Gordon Murray. The Gordon Murray Group (GMG), founded by the eponymous British car designer, has detailed a bold £300 million (Rs 2,717 crore), five-year expansion plan that will result in the Surrey-based firm substantially diversifying following the launch of its pioneering T50 supercar. Central to GMG’s growth will be significant investment into its… Continue reading Gordon Murray to develop urban EV as part of bold £300m expansion