Ford Motor reported $1.8 billion in profit for the three months that ended in September, a decline of $600 million from a year earlier that the company attributed mainly to the global shortage of computer chips. Revenue fell about 5 percent, to $35.7 billion, the automaker said Wednesday. In the same period a year ago,… Continue reading Ford’s profit declines as automakers deal with supply-chain troubles.
Category: US Motoring Press
General Motors’ Third-Quarter Profit Hit Hard by Chip Shortage
Two big Detroit automakers said Wednesday that the worldwide shortage of computer chips had weighed on their third-quarter earnings, but there were signs that the worst of the disruption was behind them. Of the two, Ford Motor fared better. Its revenue fell about 5 percent from a year earlier, to $35.7 billion, while General Motors’… Continue reading General Motors’ Third-Quarter Profit Hit Hard by Chip Shortage
Ford drops plans for EV with Rivian, showing faith in its own tech
Ford Motor Co.’s decision to scrap plans to develop an electric vehicle with Rivian Automotive Inc. is a sign of the Dearborn automaker’s confidence and focus on the electrification race, experts say. Rivian made a splash last week on Wall Street with the biggest initial public offering of the year, surpassing the market capitalizations of traditional… Continue reading Ford drops plans for EV with Rivian, showing faith in its own tech
GM exploring electric boats, buys 25% stake in engine maker
Detroit – General Motors is testing the water in electric boating by buying a 25% stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will develop and commercialize battery electric watercraft. Pure Watercraft, founded in… Continue reading GM exploring electric boats, buys 25% stake in engine maker
Infineon launches next-gen automotive security controller
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Skoda sees chip supply shortage stabilising in second half of 2022
Skoda Auto is in the process of significantly scaling back its production over the coming weeks due to the shortage of semiconductors. The Czech carmaker is working closely in collaboration with its social partner KOVO and suppliers to overcome the current challenges. Thomas Schafer, CEO, Skoda Auto elaborated how the impact of the shortage was… Continue reading Skoda sees chip supply shortage stabilising in second half of 2022
New Volkswagen T-Roc facelift turns up the tech
The Volkswagen T-Roc has been given a mid-life update. A refreshed version of the Golf-sized SUV will go on sale in the UK in spring 2022, with prices starting from around £22,500. What’s more, the T-Roc Cabriolet and hot T-Roc R versions will remain. The T-Roc has proved a popular model for Volkswagen, with more… Continue reading New Volkswagen T-Roc facelift turns up the tech
“Ferrari’s Icona series could be the last chance for the technologies that have shaped the firm’s legacy”
The covers come off; Ferrari’s stunning Daytona SP3 is presented in front of you; you’re told the production run is 599 vehicles; the price is around €2m, or £2m by the time UK taxes are taken into consideration. And the first question that enters your head is: why only 599? It’s a measure, perhaps, of… Continue reading “Ferrari’s Icona series could be the last chance for the technologies that have shaped the firm’s legacy”
One-off Ferrari BR20 launched with 681bhp V12 engine
The wraps have come off the new Ferrari BR20, a bespoke V12-engined coupe, designed and built for one of Ferrari’s most well-heeled customers. It’s based on the same platform as the GTC4Lusso, but the bodywork and interior have been modified to include some of the styling cues of Ferraris from the 1950s and 1960s. The… Continue reading One-off Ferrari BR20 launched with 681bhp V12 engine
GM tells dealers it will offer heated seats on more 2022 vehicles after all
General Motors pulled a multimillion-dollar rabbit out of its hat Friday, telling its dealers it has figured out a way to resume offering two popular features on its vehicles. The move could keep some of Cadillac, Chevrolet, Buick and GMC’s most loyal and affluent buyers from defecting to other automakers. Starting in the first half of… Continue reading GM tells dealers it will offer heated seats on more 2022 vehicles after all