automotive-industry
Top StoriesVolkswagen, Mahindra Deepen Electric Vehicle Component Cooperation
Top StoriesTwo Lawmakers Ask U.S. Regulator About Tesla Crashes, Safety Probes
Top StoriesMercedes Benz Becomes First Partner of CATL’s New Hungary Battery Plant
Top StoriesExclusive: Volkswagen’s New CEO Plans to Shrink Management Board – Sources
Continental Expects Stronger Demand After ‘hurricane’ Headwinds in Q2
Date: August 9, 2022
BERLIN (Reuters) -Continental expects higher auto production in the second half of the year as supply chains and semiconductor availability improve, the company said on Tuesday, after reporting a heavy second-quarter loss. The auto parts supplier, which reported a profit in 2021 for the first time after two years of losses, was back in the...
Trade War With China Could Cost Germany Six Times as Much as Brexit – Ifo
Date: August 8, 2022
BERLIN (Reuters) – Germany would face costs almost six times as high as Brexit if it and the European Union were to shut China out of their economies, the Ifo institute said on Monday, citing the results of a study. The biggest losers of a trade war with China would be the automotive industry with...
Suzuki Motor Says Demand Strong Despite Economic Concerns
Date: August 5, 2022
TOKYO (Reuters) – Japan’s Suzuki Motor said on Friday it did not see demand for vehicles slowing at home or in its key market of India amid growing concerns about a global economic downturn. The view from Masahiko Nagao, Suzuki’s senior managing executive officer, echoes the bullish outlook of other Japanese automakers, even though inflation...
Semiconductors and Energy Crucial Factors to Bmw Earnings – CEO
Date: August 3, 2022
BERLIN (Reuters) – Semiconductor production and energy supply in Europe will be decisive for BMW keeping its automotive segment earnings margin on target, chief executive Oliver Zipse said on Wednesday. “Semiconductor supply difficulties remain the dominant and decisive issue for our sales performance,” he said in a speech following second-quarter results. “Our EBIT margin in...
Volvo Cars July Sales Drop 21.5%, Sees Improvement Ahead
Date: August 3, 2022
OSLO (Reuters) -Volvo Car Group’s July sales were down 21.5% from a year earlier as supply chain problems continued to hamper production, but could rebound in the coming months, the Sweden-based automaker said on Wednesday. A shortage of semiconductors and other components has squeezed auto industry output and sales in recent quarters, but Volvo said...
Toyota Unit Falsified Emissions Data From at Least 2003, Probe Finds
Date: August 2, 2022
By Satoshi Sugiyama TOKYO (Reuters) -A major affiliate of Japan’s Toyota Motor Corp falsified emissions data on some engines going back to at least 2003, more than a decade earlier than previously indicated, a company-commissioned probe showed on Tuesday. The investigative committee tasked by truck and bus maker Hino Motors Ltd blamed the scandal on...