-
Valeo’s first-half earnings before interest, tax, depreciation and amortization rose to 1.21 billion -
Volvo reported earnings before interest and tax of 13.24 billion crowns ($1.5 billion) versus a lossVolvo reports record first-half results, but warns chip crisis will hit hard
Auto July 23, 2021 -
-
Veoneer — which spun off from longtime safety equipment supplier Autoliv in 2018 — will beMagna International to buy Veoneer for $3.8 billion
Auto July 23, 2021 -
The Biden administration is laying the groundwork to spend roughly $52 billion on semiconductor researchBiden team plans for chips funding even before Congress acts
Auto July 22, 2021 -
SPAC company Churchill Capital Corp. IV adjourned its Thursday shareholder meeting that was to determineEV startup Lucid Motors risks SPAC deal collapse
Auto July 22, 2021 -
The German supplier, which has its North American headquarters in suburban Detroit, said it will produceSupplier ZF wins $6 billion axle contract, will hire 250 in Michigan
Auto July 22, 2021 -
The settlement marks a major milestone in the carmaker’s efforts to turn a page on the scandal,VW investors approve $339 million settlement with former execs
Auto July 22, 2021 -
Multiple U.S. states have bid for the plant — dubbed “Project Tera” in documents —Amazon-backed Rivian confirms plan for second U.S. assembly plant
Auto July 22, 2021 -
The tool, Esntial Commerce, has been rolled out initially at Penske’s CarShop used-vehicle storesPenske, Cox develop used-vehicle online buying platform
Auto July 22, 2021 -
“The tipping point is getting closer and we will be ready as markets switch to electric-only,”Mercedes will be ready for all-electric car markets, CEO says
Auto July 22, 2021 -
The company’s supply chain management allowed it to navigate the global chip shortage better thanHyundai Motor hits six-year high for quarterly net profit
Auto July 22, 2021