The former unit of Johnson Controls delayed the stock offering indefinitely because of market conditions, Bloomberg reported.
Continue Reading the above article 'Battery supplier Clarios postpones $1.8 billion IP...
Semiconductor scarcity will be more severe during the second half, VW said. The automaker also highlighted risks from volatile commodity prices.
Continue Reading the above article 'VW raises earnings outlook, warns chip crunch will...
VW's new EV production line in Zwickau faced a potential time-consuming process, but supplier Dürr devised a fix.
Continue Reading the above article 'No time to spare on ID4, VW calls Dürr...
The automaker is keeping a close watch on the Delta variant of COVID-19 and may be forced to adjust its mask policy, to keep in line with federal public health guidance.
Continue Reading the above article 'Consumer demand, inventory squeeze could last anot...
Ford said it had expected a net loss for the quarter but performed better because of strong demand, lower incentives and a favorable mix of more profitable vehicles.
Continue Reading the above article 'Ford turns $561M profit in Q2, raises full-year ou...
While pickup truck production is set to resume Monday, six other North American plants will take additional downtime, including Fairfax Assembly, which has been idled for nearly six months.
Continue Reading the above article 'GM to restart pickup output; downtime added at cro...
Sonic Automotive purchased two import dealerships in Colorado — its first franchised dealership acquisitions since 2014.
Continue Reading the above article 'Sonic buys 2 Colorado dealerships, returns to Suba...
The electric automaker plans to pull out of high-rent shopping malls in favor of cheaper locations, Electrek reported. It will also reportedly focus on remote work.
Continue Reading the above article 'Tesla to shift retail strategy, report says...
The French president was told by CEO Makoto Uchida that trust is growing between leaders of the automakers, an aide said.
Continue Reading the above article 'Nissan CEO reassures France's Macron over Renault ...
The bill — referred to as the Mature Technology Node Resiliency and Manufacturing Act — would approve $2 billion in funding for 2022 to support the production of mature semiconductor technology, which the auto industry relies on.
Continue Reading the above article 'U.S. Rep. Dingell pushes bill to ease chip shortag...