China, Europe car sales dampened by chip shortage, COVID measures

SHANGHAI/BERLIN — Car gross sales in China and Europe continue to be frustrated as opposed to last year’s concentrations as semiconductor shortages and anti-pandemic actions weigh on world autos markets,…

Shanghai production plunged in April after Covid lockdown

Whilst Shanghai began in mid-April to prioritize a number of hundred organizations for resuming perform, international business organizations have mentioned that does not necessarily mean the factories can function at…

China’s 2022 Covid lockdowns inflation risk bigger vs 2020

China’s car and component exports much more than doubled in 2021 from a 12 months back, exceeding 30% development in China’s exports all round, Bernstein analysts observed. Yi Enthusiast |…

Chinese EV maker Nio says it’s gradually resuming production after Covid halt

In February 2020, Nio received a lifeline of financing assist led by the governing administration of Hefei metropolis, wherever the electric car or truck start off-up has set up its…

Tesla CEO Elon Musk says he has Covid again

Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters SpaceX and Tesla CEO Elon Musk introduced on Twitter…

China’s Covid lockdown rules send prices higher

Freeman H. Shen, Founder, Chairman & CEO of WM Motor, speaks all through Fireplace Chat on Day 2 of CNBC East Tech West at LN Back garden Hotel Nansha Guangzhou…

Detroit automakers ask union workers to submit Covid vaccine status

United Car Workers customers depart the Fiat Chrysler Automobiles Warren Truck Plant right after the 1st get the job done shift, Monday, May possibly 18, 2020, in Warren, Mich. Paul…

Automaker Stellantis mandates Covid vaccine for U.S. salaried workers

The indicator is seen outside of the FCA US LLC Headquarters and Know-how Heart as it is modified to Stellantis on January 19, 2021 in Auburn Hills, Michigan. – Freshly-made…

Daimler Truck CEO says he’s more concerned about chips than Covid

A Mercedes-Benz tremendous lorry leaves the Daimler manufacturing facility in Sindelfingen, Germany, 08 December 2015. Daniel Maurer | Getty Photographs Daimler Truck CEO Martin Daum unveiled Friday that he is…

Ford to impose Covid vaccine mandate on most of its 32,000 salaried workers

DETROIT – Ford Motor will involve U.S. salaried employees to be vaccinated by Dec. 8 or encounter unpaid leave, CNBC has uncovered. The automaker on Tuesday despatched out a concept…