Tesla delivered 254,695 vehicles in the April to June period, down 17.9% from the previous quarter. China’s COVID 19-related shutdown disrupted its production and supply chain. Tesla is ramping up production at the Shanghai factory, which will help boost deliveries. Tesla’s Inc (TSLA.O) conveyances were 17.9% fewer electric vehicles in the second quarter from the … Read more
US industrial manufacturing climbed in March as automakers shifted into gear no matter the continuing semiconductor shortage, the Federal Reserve stated Friday. Industrial manufacturing climbed 0.9 percentage final month, the Fed stated, extra than predicted and pushing the metric of enterprise output to an annualized rate of 8.1 percentage for the first region. Motor automobiles … Read more
US industrial production ranked high in March as automakers transferred into gear despite the going semiconductor shortage, the Federal Reserve said on Friday. Industrial production reached 0.9 percent last month, and more than expectation and pushing the metric of industry result to an annually rate of 8.1 percent for the first quarter said FR . … Read more
Chinese automakers warned they’ll ought to positioned the brakes on manufacturing if Covid-19 lockdowns in Shanghai persist, with a top Huawei executive also sounding the alarm Friday about twisted up supply chains. The regulations have kept Shanghai’s 25 million citizens normally at domestic for weeks, forcing manufacturers to halt operations and making China’s GDP increase … Read more
Ford Motors Co. became the latest automaker company to shut down its local production facilities in India. They will stop making cars, two sources told Reuters. Ford made this difficult decision after it noticed that the company has not been in profit in the country recently, said one of the sources. The process will take … Read more
Renowned Automaker Nissan has forecasted a strong recovery in Chinese markets by the year 2021 after suffering massive losses due to the coronavirus pandemic. According to the details, Nissan reported its first fiscal year loss in a decade and the biggest in 20 years. However, the company is now projecting a strong recovery in the … Read more
Japan Automaker Nissan is planning to slash more jobs in its three plants due to low demand amid the novel coronavirus pandemic. According to details, the ongoing pandemic has forced the Auto maker to cut jobs in three Japanese plants, as the automaker struggles to recover from a drop in sales. Japan Automaker speculates to … Read more
Japan Auto Maker Nissan told its managers to slash non-essential spending as company grapples with slumping car sales and tumbling profits. Reuters reported the penny-pinching drive is in place for the rest of financial year until end-March. It will most likely continue into the coming business year Japan Auto Maker Managers told to put the … Read more
