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Kia has been able to disrupt the Indian automobile industry and emerge as a market leader in a record time

Global Semiconductor Shortage Spurs Run On Vintage Chipmaking Tools

Resellers of chipmaking gear saying they cannot find used equipment, leading some buyers to stalk old factories in the United States, Japan and Europe, waiting for them to close in hopes of snapping up the gear inside.

Ford To Switch To All-Electric Car Range In Europe By 2030

Ford currently dominates the U.S. and European markets for gasoline-powered commercial vehicles with shares of 40% and almost 15%, respectively.

Jaguar Land Rover To Go 100% Electric By 2039

General Motors Co said it aimed for all new cars, SUVs and light pickup trucks to have zero-tailpipe emissions by 2035, a dramatic shift by the largest U.S. automaker away from gasoline and diesel engines.

Profits Aside, GM's EV Plans Are Driving A Now-Rising Stock

Investors also credit a greater focus by the broader market on EVs, driven by Tesla Inc and the numerous companies going public through mergers with special-purpose acquisition companies, or SPACs.

GM Extends Vehicle Production Cuts Due To Global Chip Shortage

The shortage stems from a confluence of factors as auto manufacturers, which shut plants for two months during the COVID-19 pandemic last year, compete against the sprawling consumer electronics industry for chip supplies.

Asian Chipmakers Rush To Boost Production To Meet Global Shortage

The global concerns about the chip shortage were underscored at recent quarterly earnings calls held by companies from Taiwan Semiconductor Manufacturing Co Ltd (TSMC) to South Korea's SK Hynix.

Qualcomm Shares Drop As Chip Supply Constraints Hold Back Sales

Companies & Markets

Qualcomm forecast sales with a midpoint of $7.6 billion and adjusted profit at a midpoint of $1.65 per share, slightly above expectations

GM Hit By Chip Shortage, To Cut Production At Four Plants

AutoForecast Solutions said announced lost production globally so far due to the shortage has totaled 564,000 vehicles and estimated the total impact this year could be 964,000 vehicles.

GM Aims To End Sale Of Gasoline, Diesel-Powered Cars, Suvs, Light Trucks By 2035

Companies & Markets

GM sold 2.55 million vehicles in the United States last year, only about 20,000 of which were EVs. It said in November it was investing $27 billion in electric and autonomous vehicles over the next five years, up from $20 billion planned before the coronavirus pandemic.

General Motors sets 2040 target date to achieve Global Carbon Neutrality

ANI

General Motors sets 2040 target date to achieve Global Carbon Neutrality

Ford To Recall 3 Million Vehicles For Air Bags At $610 Million Cost

Ford separately disclosed on Thursday it expects to record a pretax remeasurement loss of $1.5 billion in the fourth quarter related to pension and other post-employment benefits plans, driven by lower discount rates.

Goldman Hints At Cost Cuts To Hit Targets As Trading Gains Look Ready To Slow

Revenue at all four of Goldman's businesses rose in the final quarter, but trading added the most to its bottom line, jumping 23% to $4.3 billion on robust volumes and asset values.

GM To Invest C$1 Billion In Canada Plant To Manufacture Electric Vans