55% of 307 companies surveyed by the American Chamber of Commerce in Shanghai and PwC China are positive about the business prospects for the next five years. The reading is the lowest in the survey’s 23-year history. Only 18% listed China as the top priority for their company’s worldwide investment plans. Optimism among U.S. businesses … Read more
VW CEO: Delivery times for electric vehicles will decrease over the course of the year. Volkswagen stock increased by 5% during afternoon trades in London on Thursday. Volkswagen’s emphasis on electric vehicles contrasts sharply with the “dieselgate” crisis. On Thursday, the CEO of German auto giant Volkswagen sought to allay worries about the sales of … Read more
SEOUL: South Korean automakers’ global car sales logged a double-digit fall in October, owing to the supply disruption of semiconductors, industry data showed on Monday. Five domestic carmakers, including Hyundai, Kia, Renault Samsung, GM Korea and Ssangyong, sold a total of 548,192 vehicles at home and abroad in October, down 22.2 per cent from the … Read more
The European country Germany has been facing a shortage of auto chip supply and has urged Taiwan to help them out. As per reports, the shortage of semiconductor chips has affected the former’s automobile industry. The shortage has disadvantaged the economic recovery of Germany after the Coronavirus pandemic. At the moment, automobile manufacturers across the … Read more
Semiconductor prices are likely to rise due to shortages in production capacity to their demand. Companies already inform their customers about the increase in prices. As per reports, the world’s largest contract chipmaker, TSMC, recently upturned its price cut policy for its major customers, due to the higher demands. Furthermore, this is also reflected in … Read more
