Magna swings to Q2 profit, cuts revenue outlook due to chip shortage

Revenue for the year is now expected to be between $38 billion and $39.5 billion, compared with a previous forecast of $40.2 billion to $41.8 billion.

2021-08-09 08:30阅读量:3500


Ford offers buyouts to salaried workers in effort to shed 1,000 jobs

The automaker has started offering voluntary buyouts to some white-collar employees in the U.S.

2021-08-06 08:33阅读量:3528


Supplier Tenneco narrows Q2 net loss

Sales at the ride-control and emissions systems producer rebounded from the pandemic-marred period a year earlier, surging 74 percent to $4.58 billion.

2021-08-06 08:28阅读量:3634


GM to introduce 2 new electric commercial vehicles

The first will be a full-sized battery electric cargo van and the the other will be a medium-duty electric truck.

2021-08-05 08:25阅读量:3577


GM earns $2.8B in Q2, raises full-year forecast

Automaker expects to earn as much as $13.5 billion in adjusted earnings this year, compared with a previous forecast of $10 billion to $11 billion.

2021-08-05 08:18阅读量:3720


Nissan seeks to lead Japan automakers with female manager goal

Automaker wants to increase its ratio of women managers in Japan to 13% by 2023, up from roughly 10% this year.

2021-08-02 08:17阅读量:3526


Porsche, Audi, VW brands flag chip risk in months ahead

Critical supply situation expected in third quarter

2021-08-02 08:12阅读量:3549


VW must change EV approach in China, Diess says

Automaker plans new sales formats to appeal to younger customers

2021-07-30 09:39阅读量:3574


VW raises earnings outlook, warns chip crunch will worsen

Chip shortages will be more severe in second half, finance chief warns

2021-07-30 09:28阅读量:3618


GM to restart pickup output; downtime added at crossover, sedan plants

While pickup truck production is set to resume Monday, six other North American plants will take additional downtime, including Fairfax Assembly, which has been idled for nearly six months.

2021-07-29 08:32阅读量:3611


Ford turns $561M profit in Q2, raises full-year outlook despite chip shortage

Ford's previously expected loss turned to a gain because of strong demand, lower incentives and a favorable mix of more profitable vehicles.

2021-07-29 08:24阅读量:3637


Tavares says chip shortage will easily drag into 2022

Stellantis is making decisions around changing the diversity of chips it intends to use, the automaker's CEO said, adding the visibility around chips is not great.

2021-07-22 08:39阅读量:3719


Ford to follow VW, GM with 2 new EV platforms by '25, report says

The all-EV platforms are part of an ambitious multiyear, multibillion-dollar plan that Ford will outline to investors on Wednesday.

2021-05-26 09:11阅读量:3400


GM says UAW 'well positioned' to represent workers at battery JV

The UAW wants U.S. automakers to recognize the union at joint-venture battery facilities.

2021-05-26 08:57阅读量:3388


Stellantis, Foxconn agree to form JV for connected-car technologies

Mobile Drive will be based in the Netherlands

2021-05-19 08:32阅读量:3448