automotive-industry
Top StoriesMercedes-Benz Says Better Supplies Boost Orders, Economy Still Weighs
Top StoriesNissan Seals Renault Deal, Now Faces Hard Yards in China
Top StoriesTomTom Lifts 2023 Forecasts After New Maps Help Beat Q2 Expectations
Top StoriesAuto Lobby Urges Spain’s Next Government to Commit to Decarbonisation
Jaguar Land Rover Expects Q1 Free Cash Flow of Over $500 Million
Date: July 7, 2023
Jaguar Land Rover expects Q1 free cash flow of over $500 million (Reuters) -Jaguar Land Rover (JLR) posted a 30% rise in wholesale volumes for the first quarter on Friday, as chip and other supply constraints eased, and forecast free cash flow of over 400 million pounds (about $510 million). The British luxury car maker,...
Continental to Phase Out Activities at Gifhorn Plant by End of 2027
Date: July 7, 2023
Continental to phase out activities at Gifhorn plant by end of 2027 BERLIN (Reuters) -Continental said on Friday it plans to phase out business activities at its Gifhorn plant by the end of 2027, with 450 out of 900 jobs at the site initially affected. The decision was taken “against the backdrop of the sharp...
Volkswagen Ready to Act Amid China Metal Export Curbs
Date: July 6, 2023
Volkswagen ready to act amid China metal export curbs (Reuters) – Volkswagen on Thursday said it was monitoring the situation on the raw materials markets after China announced it would control exports of some metals, adding that it was “ready to take measures together with its partners if necessary”. China’s commerce ministry said earlier this...
Ev Batteries Remain Major Challenge for Insurers – UK’s Thatcham
Date: July 5, 2023
EV batteries remain major challenge for insurers – UK’s Thatcham By Nick Carey LONDON (Reuters) -A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday. The British automotive risk intelligence company cited a “concerning...
Ev Batteries Remain Major Challenge for Insurers – UK’s Thatcham
Date: July 5, 2023
EV batteries remain major challenge for insurers – UK’s Thatcham By Nick Carey LONDON (Reuters) – A lack of data on electric vehicle (EV) batteries continues to challenge insurers who are forced to scrap EVs after mild accidents, potentially undermining EV adoption, Thatcham Research said on Wednesday. The British automotive risk intelligence company cited a...
UK Car Output Jumps 27% in May From Year Earlier on Steady Ev Demand
Date: June 30, 2023
UK car output jumps 27% in May from year earlier on steady EV demand (Reuters) – Britain’s car production rose for a fourth straight month in May, driven by higher demand for electric vehicles, according to an industry body. The Society of Motor Manufacturers and Traders (SMMT) said on Friday a total of 79,046 cars...