Sweden's AB Volvo begins to lay off some Russian employees
Evergrande electric vehicle unit to start taking pre-orders
Laid-off Tesla workers file emergency plea, allege small severance pay
Ford on Tuesday reported a 1.8% uptick in second-quarter sales compared with a year earlier, including a 31.5% increase in June. Analysts expected the Detroit automaker’s second-quarter sales to increase between 3.3% and 5.1%.
VW and Bosch have been given permission from the German cartel office to start developing self-driving technology together.
The automaker, however, said it is starting “to see a marked improvement in its manufacturing situation, with the number of cars produced in June being the highest in the year.”
Raw materials cost rising at unexpected pace, Showa Denko says It began retreating from products whose prices can’t be raised
Chip crunch to cut Stellantis' Italy 2022 output by up to 220,000 vehicles -union
Tata Motors aims to sell 50,000 EVs in this fiscal yr
The latest numbers on the microchip shortage: Forecast worsens
GM outsells Toyota in Q2 as inventory shortages linger
Tesla's deliveries fall, hurt by China's COVID shutdown
German road traffic agency says 59,000 Tesla vehicles have software glitch
BMW will start a $2 billion stock buyback program in July, with most of the amount involving ordinary shares.
Herbert Diess says the German economy needs China to guard against spiraling inflation.