European | SpeedLux

Stellantis sales decline as chip shortage cuts output by 600,000

Stellantis on Thursday reported a 14% decline in third-quarter revenue on a pro-forma basis as the ongoing chip shortages have cut planned quarterly production by 30% or 600,000 vehicles. In

European4 years ago

Stellantis’ four new EV platforms to each support 2 million vehicles annually

Stellantis’ four new electrified platforms are expected to each underpin the production of 2 million vehicles annually, the automaker’s head for Italy said on Wednesday. Since the creation of the

McLaren4 years ago

Mike Flewitt to step down as McLaren’s chief executive officer

McLaren Automotive’s Mike Flewitt is set to step down as chief executive officer after over eight years at the helm, the automaker said on Wednesday. McLaren Group said non-executive director

Renault4 years ago

Renault to cut 2021 output by 500,000 cars due to chip shortage

Renault said on Friday it would slash output by 500,000 cars this year due to the ongoing global semiconductor shortage. Though the automaker maintained its profit outlook helped by higher

Renault4 years ago

Sharing data key to decrease supply-chain disruptions, says Renault

Automakers have the data they can share with suppliers, logistic partners, and governments to help decrease supply-chain disruptions, said Renault alliance group’s VP of the supply chain, Jean-Francois Salles on

Peugeot4 years ago

40% of UK parents want their children to learn to drive in fully electric car

Research conducted by Peugeot UK has found 40% of parents want to see their children learn to drive in an electric car, while a quarter of parents admit their children

Volkswagen4 years ago

Volkswagen sees global chip shortage to continue into 2022

The global semiconductor chip shortage will run well into 2022 according to Scott Keogh, Volkswagen Group of America’s Cheif Executive. Keogh said it at the Reuters Events Automotive Summit. The

Volkswagen4 years ago

Volkswagen tests 5G on its way to smart factories

Volkswagen is taking another step in the direction of fully networked factories. A local 5G standalone network (“campus network”) is now available at the automaker’s major plant in Wolfsburg that

Skoda Vision iV concept at 2019 Geneva Motor Show

Skoda4 years ago

Skoda Auto halts production for two weeks in Czech Republic

Skoda Auto has started a two-week halt on Monday as the global chip shortage continues to hit the production, the automaker said. Skoda wants to finish 10,000 unfinished cars during

General Motors and Fiat Chrysler Automobiles

Fiat4 years ago

Michigan judge turns down General Motors lawsuit against Fiat Chrysler

A Michigan judge has turned down a lawsuit that General Motors filed against Stellantis’ Fiat Chrysler Automobiles (FCA), alleging it of fraud and unfair competition. GM sued FCA in 2019,

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