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Chip shortage dents VW output

VW says it hopes the global shortage, affecting tens of thousands of vehicles assembled in China, will end by March but warned it may persist into the second quarter. ...

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With EQA, Mercedes challenges Tesla, VW in compact EV segment

The small utility vehicle, aimed at young, urban customers, is being launched as the EQA 250 with a range of 265 miles under the WLTP test standard. Output is rated at 140 kilowatts or 188 hp. Additional variants including all-wheel-drive models with higher output and longer ranges will follow. ...

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Rivian raises $2.65 billion in latest round of funding

The cash injection comes at a time when the companys expenditures are increasing in the run-up to the start of production. ...

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Renault chairman sees EVs, China as areas to strengthen alliance with Nissan

The automakers will build 7 million vehicles on common platforms in the coming years, Renault Chairman Jean-Dominique Senardtold Japanese media, as he seeks to repair a rift between the automakers after the arrest of Carlos Ghosn in 2018. ...

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Stellantis shares rise in NYSE debut after FCA-PSA merger

Stellantis CEO Carlos Tavares said the merger would add $30 billion in value for shareholders over the years, thanks to projected cost cuts. ...

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Electrification, AV delivery among trends to watch

Electrification, the digitization of manufacturing and delivery-bolstering AV technology are just a few of the major trends that experts say will be critical to the mobility industry. ...

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NBC picks up sitcom about Detroit carmaker

The show, starring Ana Gasteyer, is about a group of executives trying to rediscover the company identity amidst a rapidly changing industry. ...

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