Higher demand from abroad drove a bigger-than-expected rebound in German industrial orders in November, in rare good news for manufacturers suffering from supply bottlenecks and labour shortages in Europe’s largest economy.
Ford Motor Co will stop making cars in India and take a hit of about $2 billion because it does not see a path to profitability in the country, becoming the latest automaker
Japanese stocks ended higher in choppy trading on Wednesday after positive earnings from market bellwethers Toyota and Honda highlighted the improving outlook for the global economy. Toyota hiked profit forecast 54%, shrugged off global chip
Auto sales in China, the world’s biggest auto market, surged 365% in February over the same month a year earlier for their 11th month of gains, as the country leads the global industry’s recovery from the COVID-19 pandemic.
South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding.
Auto sales in China, the world’s biggest market, surged in January with a 30 per cent jump from the same month a year earlier, the tenth month of gains, as China continued to lead the global automobile industry’s recovery from the COVID-19 pandemic.
Major automobile manufacturers want to slash their vehicle production due to the prevailing chip shortage. Automakers and electronics makers are facing a global shortage of chips as consumer demand has been bouncing back from the coronavirus pandemic,
China’s factory gate prices fell last month at their slowest pace since February, official data showed on Monday, suggesting the country’s manufacturing sector continues to see a rapid recovery from the COVID-19 shock.
With the recent Chicago Auto Show, talk of electric cars has kicked into high gear. It’s hard to turn on a radio or television and not hear joyful coverage of our grand transition to electric. But forgotten amid all the happy hype is the fact that electric vehicles are still a small percentage of the whole. Last year, they made up about