Mike Flewitt is stepping down after eight years leading the ultraluxury auto company. source: Section Page News – Automotive News
Month: October 2021
Production is at a standstill at many of the supplier’s factories after the cyberattack largely paralyzed computers systems globally. source: Section Page News – Automotive
The automaker again raised its full-year guidance and announced a reinstatement of a quarterly cash dividend as the microchip shortage abates. Shares rallied on Wall
The automaker is “not yet resilient enough to fluctuations in capacity utilization,” VW finance chief Arno Antlitz said. source: Section Page News – Automotive News
The full-year total toll of lost production due to the chip crisis will exceed a previous forecast of 1.4 million units, CFO Richard Palmer said.
A Stellantis spokeswoman said the violation was related to ducting requirements within the plant’s paint shop. source: Section Page News – Automotive News
Bosch said it would expand its semiconductor fabrication plants — known as wafer fabs — in Dresden and Reutlingen, Germany. source: Section Page News –
Auto suppliers in Japan are confronting a dilemma as the industry pivots away from the combustion engine: Either make the shift too, or find new
The automaker said it had kept a “tight grip” on costs as it focused on more profitable models including in its Maybach and performance AMG
The automaker wants use IPO proceeds to add capacity and almost double annual sales to 1.2 million vehicles by 2025. source: Section Page News –