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Japan automakers scramble for lower overhead

That's a well-timed achievement. Nissan projects sales in this fiscal year will increase to exactly that level — 4.4 million vehicles, a gain of 8.6 percent. If the automaker's math is correct, that would enable it to break out of the red.…

Is this an opportunity to fix things?

4. CO2 reduction: After years of progress and ingenuity and debate, does anyone believe that it is a question of "can" global CO2 emissions be reduced? Isn't the real question simply "should" that happen? And if it should, then wouldn't it…

Stellantis, Foxconn finalize strategic partnership

MILAN -- Stellantis and iPhone assembler Foxconn will announce a strategic partnership on Tuesday. Fiat Chrysler Automobiles, now part of Stellantis, said in January it planned to set up a joint venture with Hon Hai Precision Industry,…

Japanese automakers prepare to bounce back

"We believe we can achieve 5 percent operating margin eventually," Uchida said. "But if you look at the immediate challenges today in fiscal year 2021, there is a big impact from semiconductor and commodity price hikes. So at this point in…

Hyundai, Kia EV plan brings major investment

Hyundai Motor Group has lately had a lot to say about its ambitions in electric vehicles and advanced transportation technologies. Last week, it vowed to put its money where its mouth is. The South Korean automaker said it will invest $7.4…

Estimated microchip shortage cost: $110 billion

AlixPartners estimated that a typical new vehicle today contains as many as 1,400 chips. "And that number is only going to increase as the industry continues its march toward electric vehicles, ever-more connected vehicles and, eventually,…

Marelli wants to build EV drive systems

Marelli was born in 2019 from the Japanese heating, air conditioning and exhaust supplier Calsonic Kansei and Magneti Marelli, the former auto components business of Fiat Chrysler Automobiles. Now, it needs a partner to develop products…