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The chip shortage is back for Year 2

Last week in China, the industry ministry warned companies there to expect tight supplies of semiconductors over a relatively long period.According to a Reuters report, Luo Junjie, an official with the Ministry of Industry and Information…

Auto patents decline in 2021

"It is almost like the process itself has slowed down," Baycroft said. "Whether that is the U.S. patent office not being able to process these applications and grants, or it is the applicants themselves not having the bandwidth to…

Intel to invest $20 billion on Ohio chip hub

Gelsinger, in an interview Friday on CNBC, said the project is critical to the auto industry. "When you think of the auto industry, you're going to see us have more to say with the auto industry leaders as they are looking to us and others…

GM plans $6.5B EV investment at two Michigan plants

DETROIT -- General Motors is expected on Tuesday to outline plans to invest $6.5 billion for EV projects at two sites in Michigan. The investment would create 4,000 jobs in Orion Township and the Lansing suburb of Delta Township in Eaton…

GM to invest $154M in N.Y. plant for EV motor parts

General Motors said it will spend nearly $154 million to retool its components plant in Lockport, N.Y., to produce parts for electric vehicle motors.GM will use the investment to renovate the facility and purchase and install new machinery…

VW resumes output at Tianjin parts plant

BEIJING -- Volkswagen Group's China unit said its component factory in the northern Chinese city of Tianjin had resumed some shifts since Thursday last week. The component factory VW Automatic Transmission Tianjin had been closed since…