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Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
https://www.fi-magazine.com/368091/bmw-announces-it-will-meet-2022-output-targets
Toyota Motor Corp will cut global production by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage.
https://www.fi-magazine.com/368088/toyota-announces-plans-to-cut-global-production-amid-chip-shortage
High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.
https://www.fi-magazine.com/368081/bmw-toyota-back-on-top-as-americas-most-shopped-vehicle-brands
The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.
https://www.fi-magazine.com/368077/gm-delays-plans-to-hire-3-000-salaried-workers
S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.
https://www.fi-magazine.com/368075/sp-mobility-report-age-of-light-vehicles-rises-again
The 2022 Working Relations Index shows Toyota in first place, with Honda rapidly closing in.
https://www.fi-magazine.com/368068/toyota-and-honda-neck-in-neck-in-wri-study
General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake...
https://www.fi-magazine.com/368050/gm-hedges-its-bets-on-ultium-platform
The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.
https://www.fi-magazine.com/368047/tesla-insurance-options-pick-up-steam
The Illinois Secretary of State Police temporarily blocked Carvana’s dealer license for failing to properly transfer vehicle titles.
https://www.fi-magazine.com/368043/illinois-suspends-carvana-dealer-license
New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s...
https://www.fi-magazine.com/368045/with-new-vehicle-prices-climbing-in-april-affordability-declines-further