24 x 7 World News
Browsing Category

auto

Chip shortage? Some industries now have too many

It's getting complicated for investors in semiconductor stocks, with last year's big chip shortage morphing into an inventory glut for some companies, and others getting caught up in geopolitics. The COVID-19 pandemic spurred an…

Chip shortage? Some industries have too many

It's getting complicated for investors in semiconductor stocks, with last year's big chip shortage morphing into an inventory glut for some companies, and others getting caught up in geopolitics. The Covid-19 pandemic spurred an…

Rivian ramps up deliveries to 4,467 EVs in Q2

Rivian Automotive Inc. said on Wednesday it delivered 4,467 vehicles in the second quarter, a sequential rise of nearly four times, as a ramp-up in production and red-hot demand helped the startup electric-vehicle maker. Shares of the…

VW, Skoda ending output at Russian plant, union says

MOSCOW – Volkswagen Group will stop output in Nizhny Novgorod, Russia, where VW and Skoda cars were being assembled under contract with GAZ Group, a trade union said, citing the company's message to the plant's staff. VW announced in March…

Volvo adding Slovakian plant to underpin EV shift

Volvo Cars will invest 1.2 billion euros ($1.25 billion) to build a new manufacturing plant in Kosice, Slovakia, capable of making 250,000 electric vehicles a year, the automaker said on Friday. Volvo aims to be an electric-only brand by…

2023 Electric Vehicle Race

Automakers are overturning their product plans to move ahead on electric vehicles. But some wonder — will it be enough to satisfy environmental regulators?

VW CEO Diess: German economy needs China

BERLIN -- Inflation would spiral even further in Germany if it were not for business with China, Volkswagen Group CEO Herbert Diess said in an interview with the weekly Spiegel. "Germany would look completely different" if it turned away…