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carmakers

GM profit shrugs off chip shortage with high-priced pickups, SUVs
Business & Finance

GM profit shrugs off chip shortage with high-priced pickups, SUVs

  • Barra added that the No. 1 US automaker's "supply chain and manufacturing teams are maximizing production of high-demand and capacity-constrained vehicles."
  • In a conference call with reporters, Barra said that the chip shortage will worsen in the second quarter before starting to improve in the second half of the year.
Published 05 May, 2021 06:18pm
Ford, BMW lead $130mn investing round in solid-state battery startup
Business & Finance

Ford, BMW lead $130mn investing round in solid-state battery startup

  • The partnerships and the capital that comes along with it are really going to put us on a good footing to execute on our road map, which simply speaking is qualifying this technology for vehicle use and getting them into vehicles in the not-too-distant future.
  • Carmakers are racing to develop EVs amid tightening CO2 emission standards in Europe and China.
Published 03 May, 2021 06:51pm
Volkswagen considers succession for board member Osterloh
Business & Finance

Volkswagen considers succession for board member Osterloh

  • One source said that Osterloh had been offered the position of personnel director at Traton, Volkswagen's truck unit that was spun off and separately listed in 2019.
  • Osterloh, 64, has since 2005 been a member of Volkswagen's supervisory board, half of which is composed of labour representatives under Germany's system of corporate governance.
Published 22 Apr, 2021 05:38pm