Here is the most important news associated with the automotive industry identified by the AEA for the week of March 22, 2021 – March 28, 2021. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Executives Association (AEA) News- The AEA is excited to open our unique… Continue reading Top Automotive Industry News for Week of March 22 – March 28, 2021
Tag: Honda
Suzuki to halt auto production at two plants in central Japan
TOKYO — Suzuki Motor will temporarily halt production at two of its three auto plants in Japan due to a shortage of semiconductors, Nikkei has learned, a sign of the growing headache the supply squeeze is causing the industry. The decision comes amid continuing shortages of computer chips, as well as concerns over delays in procuring some parts. The Japanese automaker… Continue reading Suzuki to halt auto production at two plants in central Japan
Meet the Briton leading a Tesla rival who wants to save the planet
The Lucid Motors boss Peter Rawlinson is fluent in the language of the new breed of electric carmaker: he wants to save the planet and he wants to do it fast. The California carmaker is only starting production of its hotly anticipated first model in the second half of this year but it has quickly… Continue reading Meet the Briton leading a Tesla rival who wants to save the planet
Hyundai Motor to suspend some South Korea output
SEOUL (Reuters) — South Korea’s Hyundai Motor Co said on Tuesday it plans to temporarily suspend production at its Ulsan No.1 plant in South Korea due to chip and component supply issues from April 7-14. “We are closely monitoring the situation to take prompt and necessary measures and optimize production in line with the supply… Continue reading Hyundai Motor to suspend some South Korea output
Starving for more chips in a tech-hungry world
Supplies of many models were tight even before the chip shortage because automakers were having trouble making up for production lost to the pandemic. SAN RAMON: As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport… Continue reading Starving for more chips in a tech-hungry world
SMIC Profit Up 43.3% In 2020 But Growth Uncertainty Lingers
SMIC officially released its 2020 financial report, indicating that as of December 31, 2020, the company’s annual revenue was US$3.907 billion, an increase of 25.4%. Its gross profit was US$921 million, an increase of 43.3%, while attributable profit attributable to the company was US$716 million, an increase of 204.9%. In 2019, under the uncertainties of… Continue reading SMIC Profit Up 43.3% In 2020 But Growth Uncertainty Lingers
@Honda: A.P. Honda, Thai Honda Manufacturing and HPD Merge to Form Thai Honda Manufacturing
(Bangkok, Thailand – April 1, 2021) – Honda announced an amalgamation of A.P. Honda Co., Ltd., Thai Honda Manufacturing Co., Ltd., and HPD Co., Ltd., a shareholding company, — forming a new company named “Thai Honda Manufacturing Co., Ltd.” The establishment of the new company was effective on the 31st of March 2021.“This amalgamation will… Continue reading @Honda: A.P. Honda, Thai Honda Manufacturing and HPD Merge to Form Thai Honda Manufacturing
Toyota and Nissan plan production cut from Renesas fire
TOKYO — With chipmaker Renesas Electronics not expected to achieve a full recovery from its recent factory fire until mid-July, Japan’s largest automakers have begun bracing for long-term disruptions and potential production cuts. The fire follows other incidents that have sapped global supplies of automotive chips. Nomura Securities estimates disruptions from the Japanese chipmaker alone could dent global auto production… Continue reading Toyota and Nissan plan production cut from Renesas fire
Arrival of Fourth-Generation Acura MDX Yields New All-Time Monthly Sales Record
Combined sales of the Acura MDX and RDX SUVs are expected to exceed 12,000 units, setting a new March light-truck sales record, surpassing the previous best of 10,373 set in 2014. Both MDX and RDX have been perennial best-sellers in their segments since introductions in 2000 and 2006 respectively. The most premium, performance-focused and technologically… Continue reading Arrival of Fourth-Generation Acura MDX Yields New All-Time Monthly Sales Record
Car makers open to higher CO2 targets, if there is matching infrastructure ramp-up across the EU
Brussels, 31 March 2021 – The EU automobile industry is open to higher CO2 reduction targets for cars in 2030, provided that they are directly linked to binding commitments from member states to roll out the required charging points and hydrogen stations. CEOs of Europe’s leading car makers agreed this during a recent Board meeting… Continue reading Car makers open to higher CO2 targets, if there is matching infrastructure ramp-up across the EU