Stellantis has added another week of downtime at its minivan plant in Windsor, Ontario, due to the ongoing global shortage of semiconductors.
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Full-size pickup and SUV plants will continue running. GM is maintaining its full-year financial guidance and expects broader chip distribution in 2022.
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Ford said the investment and jobs will be spread across its Rouge Electric Vehicle Center, Van Dyke Electric Powertrain Center and Rawsonville Components Plant, helping it double planned production to 80,000 electric pickups per year.
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The unit, to be launched on Oct. 1, will initially be a wholly-owned subsidiary of SK Innovation.
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The head of VW’s Americas business doesn’t see U.S. auto production returning to normal levels until the second half of next year.
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The 520-mile model is the $169,000 Lucid Air Dream Edition Range with 19-inch wheels and 933 hp.
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Four ex-VW Group managers are standing trial in Germany accused of fraud for their part in the diesel-rigging scandal. Their former boss’ role in the scandal was highlighted even though his trial hasn't started yet.
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Infineon’s Dresden plant makes more than 400 different parts that are used across its product range, including automotive chips.
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Dealers will likely face “legal complications” given that Indian consumer law makes them liable after a manufacturer exits, Vinkesh Gulati, president of the Federation of Automobile Dealers Associations, told Bloomberg.
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The former unit of Continental issued 40 million shares on Thursday morning. Continental's shareholders received one Vitesco share for every five Continental shares they owned.
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