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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 buyers.
In the third quarter of 2021, the AAI reported that electric vehicles comprised 6% of all light duty car sales, with the highest volume of EV sales ever recorded at 187,000 vehicles. This was an 11% increase in sales, as opposed to a 1.3% increase in gasoline and diesel cars.
In June 2022, BMW announced that it will be expanding its BMW Operating System 8 and integrating Android Automotive into certain models, starting in March 2023. [20] In January 2023, during the Consumer Electronics Show, BMW revealed that BMW Operating System 9 will be based on Android Automotive but without the Google Automotive Services (GAS ...
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. [5] [6]
Automotive News is a weekly newspaper established in 1925, written for the automotive industry, predominantly for individuals corresponding with automobile manufacturers and automotive suppliers. [2] It is based in Detroit and owned by Crain Communications Inc. [ 3 ] Globally, there are more than 55 editors and reporters.
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The German Association of the Automotive Industry (VDA) published the "Masterplan Ladeinfrastruktur 2.0" in February 2022 in which they proposed to extend the Deutschlandnetz state-funded charging network into a "Deutschlandnetz für Lkw" (national fast-charging network for trucks). Whereas the current plan requires 200 kW per charging point ...
Construction of the factory started on May 21, 2020. In August 2020, it was decided that the company would manufacture under the Togg brand. On December 18, 2021, Togg's new logo was introduced. Togg's international debut took place at the CES 2022 event in Las Vegas, Nevada, USA, on January 5, 2022. [9] [13] [14]