Supply-chain disruptions, driven by the ongoing shortage of microchips that has dented new-vehicle stockpiles, undercut U.S. sales at Hyundai and Kia for the fourth straight month in November. Volume dropped 20 percent at Hyundai — its biggest decline of the current slump — and 5.4 percent at Kia last month, the companies said Wednesday. Hyundai
Most auto executives are optimistic about the industry’s long-term profitability and the adoption of electric vehicles, even as they remain concerned about short-term problems such as the tight labor market and microchip shortage, a new survey of industry leaders found. According to KPMG‘s 2021 Global Automotive Executive Survey, 53 percent of respondents said they were
.jpg "Suppliers prepare for boom in lidar market for self-driving cars")
PARIS — Valeo, Continental, Velodyne, Luminar and a host of other companies are preparing for huge growth in demand for lidar sensors, which are seen as a building block for safe, accurate self-driving cars. The market is expected to surge starting around 2025, said Geoffrey Bouquot, chief technology officer of Valeo, which this month introduced
MUNICH — Whether buying computer chips directly from manufacturers, reconfiguring cars, or producing them with parts missing, automakers are having to get creative to cope with the global shortage of semiconductors. The shortage, due to supply problems and a surge in demand for consumer electricals during the pandemic, has hit the auto industry hard, with
BERLIN — Environmental groups hoping for more radical action to promote electric vehicles were disappointed at Germany’s new coalition agreement, saying it falls short of what was needed to meet climate goals. The agreement by the Social Democrats (SPD), Greens, and liberal Free Democrats (FDP) included raising Germany’s target for the number of EVs on
AGUASCALIENTES, Mexico — The global semiconductor shortage is hitting Mexico’s auto workers hard as employers slash output, reduce shift work and cut jobs due to supply-chain breakdowns. The pain is acute in the central Mexican state of Aguascalientes and its namesake capital, one of the country’s top automotive centers, where the chip crunch has forced