Auto giant Stellantis and Foxconn, the world’s largest electronics manufacturer, announced on Dec. 7 that they will partner to develop and supply a new line of automotive semiconductor chips for the auto industry. Supplies of critical semiconductor chips had been a problem for the auto industry, which led automakers to temporarily close factories. It is hoped…
Stellantis and Foxconn Announce Partnership for New Line of Automotive Semiconductor Chips
5 Convertibles to Make Every Drive an Adventure
Convertibles make every drive an adventure, open to the breeze and sunshine on pleasant days and evenings. They quickly convert into a snug cocoon when it’s cold and wet. Here, we’ve collected the best of the breed for your consideration. Luxury at Light Speed Bentley Continental GT W12 From $218,900 Handcrafted in Britain utilizing only…
Hertz Orders 100,000 Tesla Cars for End of 2022
October 25, 2021
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Hertz said on Monday the car rental firm has ordered 100,000 Tesla Inc. cars for delivery by the end of 2022 as it invests to build the largest electric vehicle rental fleet in North America. Tesla shares were up 4 percent at $946.32 before the bell. Hertz had filed for bankruptcy protection last year as…
Volkswagen Executive Sees Global Chip Shortage Running Well Into 2022
DETROIT—Volkswagen AG’s top Americas executive said on Tuesday the global semiconductor chip shortage will run well into next year. “Without a doubt, this shortage is going to go well into 2022, at least the second half of ’22,” Volkswagen Group of America Chief Executive Scott Keogh said at the Reuters Events Automotive Summit. The shortage…
What This Apple Bull Expects From Monday’s ‘Unleashed’ Virtual Launch Event
Apple Inc. is scheduled to hold another hardware launch event Monday. The Apple Analyst: Wedbush Analyst Daniel Ives maintained an Outperform rating and $185 price target on Apple shares. The Apple Thesis: Apple is expected to launch a handful of products, led by the MacBook Pro and likely the new AirPods 3, Ives said in…
US Business Inventories Rise Solidly, but Auto Stocks Fall
WASHINGTON—U.S. business inventory accumulation increased solidly in August, though motor vehicle retailers continued to struggle to restock amid an ongoing global semiconductor shortage, which is forcing automobile manufacturers to cut production. Business inventories rose 0.6 percent after a similar gain in July, the Commerce Department said on Friday. Inventories are a key component of gross…
Lucid to Start Deliveries of Electric Cars With Range Exceeding Tesla’s in October
September 29, 2021
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CASA GRANDE, Ariz.—U.S. startup Lucid Group Inc., said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium models have stagnated. The California-based Lucid began production of its long-delayed Lucid Air cars at its Arizona factory…
Silicon Valley Hosts 21st Annual Antique Auto Show
SAN JOSE, Calif.—Polished and vibrantly colored antique cars of all shapes and sizes lined the streets of San Jose’s History Park. Silicon Valley held its 21st Antique Autos in History Park, the largest annual antique car show in the West, on Sept. 19. The show is hosted by members of the Santa Clara Valley Model…
Renault Plans 2,000 Job Cuts in France as It Moves to Electric Cars
PARIS—French carmaker Renault said on Thursday it would cut up to 2,000 engineering and support jobs in France as it shifts into electric cars and hires in different positions. The loss-making group, which has already announced around 4,600 job cuts in the country as part of a broad restructuring, said in a statement it was…
GM Invests in Oculii, Radar Software Maker for Self-Driving Cars
SAN FRANCISCO—General Motors’s venture capital arm has invested millions of dollars in Oculii, a startup maker of software for radar sensors used in self-driving cars, Oculii co-founder Steven Hong said. GM can use Oculii’s low-cost software to boost the resolution of radars and scale up its partially automated vehicles and full self-driving cars, he told…
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