Enlarge / A VW employee assembles an ID. 3 electric vehicle at the VW factory in Dresden in 2021. (credit: Volkswagen) Any hopes that the auto industry’s supply chain shortages were easing up appear to be comprehensively dashed this week. In Europe, Russia’s invasion of Ukraine has caused BMW and Volkswagen to halt production at […]
Stellantis, formed from the merger of Fiat Chrysler and PSA, sees improved profits even as it charts an ambitious plan to invest in EV models. Read More
Enlarge (credit: Aurich Lawson / Getty Images) You may have noticed that it’s difficult to get ahold of new high-end graphics cards and game consoles these days. In large part, that’s due to an ongoing global shortage affecting semiconductor foundries. As it turns out, the problem is even more pronounced in the auto industry. In […]
Shares of South Korean automaker Hyundai soared on Friday after a company representative said the carmaker was in preliminary talks with Apple on a partnership to produce an electric car. Hyudai’s stock rose as much as 20%—adding $8 billion to the company’s market value-—the biggest one day jump since 1988. But, within hours, the company […]
Fiat Chrysler Automobiles NV and PSA Group shareholders signed off on a combination that’s endured two years of extraordinary drama, marked by on-again off-again talks, the transformation of their industry and a global pandemic. At separate meetings Monday, investors in both companies approved the merger to form Stellantis, the world’s fourth-largest automaker. The hurdles the […]