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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.
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]
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.
Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger. Nissan’s share ...
Some vehicles from the group, like the 2021 Dodge Durango and Chrysler Pacifica, are already using the Android Automotive-based Uconnect 5, [15] without the Google Automotive Services (GAS). [16] In February 2021, Ford announced a partnership with Google that would bring Android Automotive to Ford and Lincoln vehicles, starting in 2023. [17]
In 2021 Sverdlov was the company's majority owner, holding 76% of shares following the company's public listing on the NASDAQ stock exchange. [ 21 ] In August 2017, the Royal Mail announced an agreement with Arrival to trial nine vehicles in the ranges of 3.5, 6 and 7 tonnes GVW .
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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related to: automotive industry news 2021 update 2022