Search results
Results from the WOW.Com Content Network
The chip shortage is expected to cost the global automotive industry US$210 billion in revenue in 2021. [ 51 ] [ 52 ] [ needs update ] Despite lower sales, some manufacturers increased profits over 2020, as Toyota and General Motors, for example, saw record profits for 2021, due to resilient demand and decreased financial incentives offered to ...
In December 2021, CEOs of major automotive manufacturers and electronics makers said they expected the shortage of semiconductor chips to continue through the first half of 2022. [20] Sales in India fell approximately 20 percent in 2021 due to the shortage of chips and the amount of light vehicles lost to shortages was half a million vehicles. [20]
In May 2022, the NHTSA said in a letter that they had received over 750 complaints about this issue. [176] In June 2022, NHTSA announced it was investigating 16 instances in which Autopilot shut off less than a second before a collision. Fortune suggested this "might indicate the system was designed to shut off when it sensed an imminent accident".
For premium support please call: 800-290-4726 more ways to reach us
On 13 June 2022, Stellantis announced it would leave the European carmaker association ACEA by the end of 2022 as part of a new approach to addressing issues and challenges of future mobility, including a shift away from traditional lobbying activity.
An automotive assembly line at Opel Manufacturing Poland in 2015 SEAT, Škoda, and Volkswagen cars being transported by train in Kutná Hora, Czech Republic in 2014. The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles.
A predecessor organization, the Automobile Importers of America (AIA), was formed in 1965 [1] to provide member companies information on changes to U.S. state and federal automotive industry regulations. The AIA evolved into the primary advocacy resource for many major vehicle importers in the 1970s, opposing trade restrictions and other ...
The Biden administration is considering new rules that would require airlines to pay passengers for significant delays within a carrier’s control.