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VW expects chip shortage to ease in third quarter

BERLIN -- Volkswagen Group expects a shortage in semiconductor supply to ease in the third quarter but sees the bottlenecks continuing in the long term, a board member told Handelsblatt newspaper. "At the moment we have reached the lowest…

Ferrari turns to tech world for its new CEO

MILAN -- Ferrari has turned to a tech executive to navigate the transition towards electrification in the automotive industry, appointing Benedetto Vigna as its new boss. Vigna, a 52-year-old Italian national, currently leads the biggest…

70 years of automotive design from the front row

Whenever not trying to produce cars through the 1970s and 1980s, his Cumberford Design International worked in Europe on behalf of clients including Renault and Citroen. Patrick Le Quément, for many years head of design for Renault,…

Kia updates Sportage for connectivity era

Kia has given the new Sportage what it calls "futuristic" styling flourishes on the outside and an interior designed to be used with advanced connectivity features. The automaker released pictures of the compact crossover on Tuesday. The…

Number of minority car dealers grows

Mercedes-Benz said it has been promoting its 19 ethnic minority-owned stores through social media campaigns in a new initiative after the social justice uprising. "The past year has brought about significant change for many of us," Keri…

New auto plants are going up — in price

As a point of comparison, Toyota this year is completing its fifth expansion of a separate engine plant in Huntsville, at a cost of $288 million. This year's project will bring 18 years of investment in the site to a total of $1.2 billion…

Dealers fear loss of inventory control

In March, new EV registrations increased to 3.1 percent of the market, according to IHS Markit. That's significantly more than they had represented recently but still only a sliver of the overall market.Central lots could shift pressure to…

VW chairman to seek reelection at annual meeting

BERLIN -- Volkswagen Group Chairman Hans Dieter Poetsch will seek reelection at the automaker's annual general meeting. Poetsch, VW's former finance chief,  became chairman of the supervisory board in 2015, weeks after the start of the…

Auto employers are discovering the Phoenix area

"Look at our proximity to Mexico," Watson reasons. "It's a key advantage. Ford has a facility just across the border in Sonora. As we worked closely to help Lucid with its supply base, we not only had suppliers here in Arizona, but also…