The Stellantis CEO said the problem was primarily not labor costs but production costs on FCA models that did not sell in anticipated numbers.
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J.D. Power's U.S. Electric Vehicle Experience Ownership Study said that range accuracy accounts for 20 percent of customers' overall satisfaction.
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New multibillion dollar investment plans by the Detroit 3, combined with government incentives, show that Canada's global profile in the auto industry is on the rise.
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The snow, ice and astoundingly frigid temperatures that devastated power and water systems in mid-February was just the latest catastrophe to hit Texas dealers.
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Self-driving tech firm Aurora said it agreed to purchase OURS Technology -- a lidar firm that will help Aurora manufacture large quantities of sensors.
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The British carmaker will take a non-cash charge of about $1.4 billion in the quarter ending in March related to higher previous spending and projects it won’t complete, according to an investor presentation.
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The decision to work with a partner as the Jaguar brand becomes electric-only "was a matter of scale and speed to go to market," JLR CEO Thierry Bollore said.
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The group expects revenues and deliveries to bounce back after the impact of the coronavirus pandemic and is projecting an operating margin of 5 percent to 6.5 percent for the year.
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Other than Toyota, which said this month it had enough chip inventory to last it about four months, Hyundai and its sister firm Kia are the only global automakers to have maintained a stockpile of low-tech chips that helped them keep up production.
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The global semiconductor shortage will halt production at the automaker’s factory in Saarlouis, Germany, where it builds the Focus compact car, for five weeks.
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