Geely flags costs, chip shortage after 12% drop in 2021 profit
The highest-profile Chinese automaker, thanks to its investments in Volvo Cars and Mercedes, reported a 2021 profit of 4.85 billion yuan ($761.64 million).
Toyota launches $826 million stock buyback amid business disruptions
The buyback announcement comes as the top-selling automaker’s shares have taken a hit in recent months as it faces a windfall of disruptions.
Amid Ukraine war and rocket attacks, supplier Leoni boosts wire harness output
Leoni said the determination of its Ukraine employees to continue working amid the Russian invastion of their country was impressive.
Stellantis to set up EV battery venture with LG Energy Solution in Canada
LG also said it plans to acquire a stake worth $542 million in ES America to respond to demand from EV startups in the U.S.
Theme Park Rangers Radar 12: Epcot menu swap, new stars at Universal, more reopenings
Theme Park Rangers Radar monitors menu changes at Epcot festival, sees new stars at Universal Studios and reports on reopenings.