Ally: Room for more car rate increases without affecting demand
Ally Financial remains bullish about both offered to car shoppers further despite high inflation and the .
NXP Semiconductors bullish on chip shipments to automakers
The second-biggest supplier of chips to the auto industry is “very cautious” on the outlook for high inflation, COVID-19 lockdowns in China, the war in Ukraine and a possible energy crisis.
Jaguar Land Rover losses mount amid slow ramp up of new Range Rovers
Revenue fell 11% in the latest quarter, due to a weaker model mix, inflation and adverse currency movements.
Toyota to cut domestic production by 4,000 vehicles in July after rain snarls supplies
Toyota said heavy rains, especially in its home prefecture of Aichi in central Japan, impacted procurement of parts and will force it to stop production at a total of three lines in two domestic factories.
Bentley delays launch of first full-electric car
CEO Adrian Hallmark did not give a reason for the delay of the EV, which is part of the Audi Artemis project. Bentley plans to be an all-electric brand by 2030.