Tag: auto industry

July 6, 2023

General Motors Co. and Toyota Motor Corp. both posted strong sales gains in the second quarter, signs of consumer health in the auto market as semiconductor supply improves. GM sales rose almost 19% in the quarter and were up 15% […]

December 21, 2022

The president of Toyota Motor Corp. is publicly questioning whether the auto industry should transition as quickly to electric vehicles. The Wall Street Journal is reporting Akio Toyoda said during a recent visit to Thailand that a “silent majority” of […]

September 30, 2022

Auto sales to rental fleets used to be seen as a sign of failure. With the dawn of the electric vehicle age, that’s changing. In the past, automakers typically took aging or unpopular models, stripped them of many creature comforts […]

September 21, 2022

The car industry, already grappling with a shortage of semiconductors, is now seeing another source of supply chain concern: a lack of ships. Earnings for freighters that move autos and industrial machines across the globe have surged to about $80,000 […]

June 8, 2022

The chief executives of electric-vehicle startups Lucid LCID -0.99%▼ Group Inc. and Rivian RIVN 2.55%▲ Automotive Inc. each received pay packages last year valued at over $400 million, as both companies raced to public markets and increased production in the […]

May 11, 2022

Toyota Motor Corp. TM -2.85%▼ said the auto industry faces a tough year because rising raw-material costs and a shortage in semiconductors continue to hamper production. The company said it expected rising prices for raw materials would lower operating profit […]

March 8, 2022

President Biden is enlisting top executives and governors of two auto-industry states to push Congress to resolve differences and pass legislation aimed at boosting U.S. competitiveness with China. The legislation includes $52 billion to boost domestic silicon-chip manufacturing, a provision […]

January 27, 2022

The owner of Jeep signed a deal to acquire majority ownership of its Chinese joint venture, taking advantage of Beijing’s decision to loosen control of its auto industry amid fraying ties between China and the West. Stellantis NV—which also owns […]

July 23, 2021

The auto industry’s push into electric vehicles has gained traction this year with sales of these models growing at a faster clip than the broader U.S. car business. While still a sliver of the overall market, sales of plug-in vehicles […]

June 8, 2021

If the auto industry is to succeed in its bet that electric vehicles will soon dominate the roads, it will need to overcome a big reason why many people are still avoiding them: fear of running out of juice between […]

June 8, 2021

Forward Engineering Managing Director Adam Halsband’s presentation at Virtual Engineering Days highlights the plastics industry opportunities that arise thanks to the auto industry’s push for weight reduction. His session, “New Automotive Requirements Drive Increased Opportunity for Plastics Industry” covers issues […]

January 20, 2021

For a new venture with little revenue, Foxconn’s nascent automotive business is off to a big start this year, inking partnerships to develop new electric cars with Chinese start-up Byton and Hong Kong-based automaker Geely to make electric vehicles. And […]

December 21, 2020

With President-elect Joe Biden preparing to take office in January and his leadership team beginning to take shape, the auto industry has an opportunity to rewrite its relationship with Washington and advance an agenda that steers the U.S. toward an […]

November 2, 2020

Germany has agreed to a 2 billion euro ($2.3 billion) aid package to help the country’s automakers and suppliers switch to greener engines and automated driving, according to an economy ministry paper seen by Reuters on Monday. Under the program, […]

May 21, 2020

DETROIT — When Donald Trump tours Ford Motor Co.’s ventilator production operation Thursday, there are more than a few ways the visit could get awkward. Will he adhere to the automaker’s requirement that everyone wear a mask at its facilities […]

May 18, 2020

DETROIT — Even as Ford Motor Co.’s factory workers begin going back on the job this week, thousands of salaried employees might remain homebound into July. Among them is a team of a half-dozen color and materials designers who continue […]

May 18, 2020

The Detroit automakers on Monday started producing vehicles in the U.S. for the first time since late-March, but there are no guarantees that they’ll be able to continue to successfully do so while the coronavirus pandemic continues to kill thousands […]

April 20, 2020

Germany’s auto industry and senior politicians are stepping up calls for another scrappage program — known in the U.S. as cash for clunkers — to revive demand after the coronavirus crisis as Volkswagen and Daimler gradually restart output in European […]

February 20, 2020

TOKYO — Japan’s auto industry and government are setting up a joint council for automakers and suppliers as they face disruption due to the coronavirus outbreak. The group will share information and offer any necessary financing and policy support if […]

February 19, 2020

BANGKOK — General Motors will begin laying off around 1,500 employees in Thailand in June, after announcing the sale of its production facilities in the country, a government official said on Wednesday. GM said on Monday it would sell its […]