TOKYO (REUTERS) – Nissan Motor reported on Tuesday a record annual loss as the coronavirus pandemic hit vehicle sales and a global shortage of semiconductors…
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Rental companies in US buy up used cars as chip crisis gets worse
NEW YORK (BLOOMBERG) – The semiconductor shortage has slashed vehicle production so much that rental-car companies can’t get the new cars they need, so they…
Biden meets with CEOs on semiconductor shortage; Intel promises help for hurting automakers
WASHINGTON (REUTERS, AFP) – US President Joe Biden met with executives from major companies on Monday (April 12) to discuss the global chip shortage that…
2 Korean battery makers settle dispute that threatened Biden's green agenda
WASHINGTON (NYTIMES) Two South Korean manufacturers of electric vehicle batteries that are building plants in the United States said Sunday that they had reached a…
Electric vehicle roll-out will require huge investments in strained US power grids
SAN FRANCISCO (REUTERS) – During several days of brutal cold in Texas, the city of Austin saw its fleet of 12 new electric buses rendered…
Jaguar Land Rover to cut 2,000 jobs globally
LONDON (AFP) – Jaguar Land Rover on Wednesday (Feb 17) said that it planned to lay off around 2,000 staff in the next financial year.…
Mercedes spinning off trucks and getting lean
BERLIN – German premium carmaker Daimler, often criticised in the past for adapting too slowly to new challenges, has changed to a higher gear in…
Toyota hikes profit forecast 54%, shrugs off global chip supply issues
TOKYO (REUTERS) – Toyota Motor on Wednesday (Feb 10) jacked up its full-year earnings forecast by a bigger-than-expected 54 per cent to a record US$19…
Hyundai, Kia say not in talks with Apple on self-driving car development
SEOUL (REUTERS) – South Korea’s Hyundai Motor and Kia said on Monday (Feb 8) they are not in talks with Apple on developing autonomous vehicles,…
Toyota to pay record $238m fine for decade of US emissions violations
NEW YORK (NYTIMES) – Toyota Motor is set to pay a US$180 million (S$238 million) fine for long-standing violations of the Clean Air Act, the…