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Chip shortage hangs over summer shutdowns

The global semiconductor chip shortage could create a steamy summer for the auto industry.As automakers cope with the supply chain crisis, production interruptions may overlap with normal summer factory shutdowns and model…

Lordstown Motors fights for survival

"If they actually do have $400 million to $500 million in cash on hand, it seems like they should be able to build an initial batch of trucks and actually deliver them to customers," said Sam Abuelsamid, principal analyst for e-mobility…

GM, Ford locked in EV spending race

Ford projects that 40 percent of its global sales will be electric by 2030. But in what CEO Jim Farley has called the "early innings" of electrification, the company is focusing on commercial products such as the E-Transit van and F-150…

Ferrari, Amazon enter agreement on data

MILAN -- Ferrari and Amazon Web Services have entered an agreement to make Amazon's cloud computing unit the automaker's cloud storage, machine learning, and artificial intelligence provider, AWS said. The deal will help Ferrari streamline…

Daimler said to speed up shift to Mercedes EVs

LONDON -- Daimler will accelerate the launch of electric cars slated for the middle of this decade while phasing out fossil-fuel versions as it revamps its electrification strategy, Manager Magazin reported on Thursday. Many of the EVs the…

Mini rolls out online retail platform Mini Anywhere

A survey commissioned by Mini showed 60 percent of respondents are willing to go through an entire vehicle-buying journey via digital platforms, which "reinforces this point we've heard, which is we will never go back to the way it was,"…

U.S. auto sales to hit 16.4M in 2021

Thanks to strong government stimulus, the automotive industry emerged from the COVID-19 pandemic in better shape than expected, but it's now facing profitability problems stemming from raw material price increases and shortages, according…

Volvo eyes switch to fossil-free steel

Volvo Cars said Wednesday it will explore the development of fossil-free steel for its vehicles and components with Swedish steelmaker SSAB as part of its push to become a climate neutral company by 2040. Of the total CO2 emissions from…

Daimler and VW cut working hours on chip shortage

FRANKFURT -- Daimler and Volkswagen are cutting working hours at some of their plants as the automakers continue to suffer from a shortage of semiconductors that has already hampered production this year. Daimler is reducing working hours…

Nissan to idle more U.S. output

The global semiconductor shortage roiling the auto industry will have a significant effect on Nissan Motor Co.'s U.S. production this summer.The company said it plans to idle output of three Nissan models — the Murano crossover, Leaf…

Hyundai accelerates air taxi efforts, COO says

DETROIT -- Hyundai Motor Co. has accelerated efforts around developing air taxis and will offer services around those vehicles rather than just selling them, the South Korean automaker's COO told Reuters. Hyundai is ahead of the timetable…