Until 2023? Parts shortage will keep auto prices sky-high
The new car lot at the Jim White Toyota just outside of Toledo, Ohio, is depleted on Friday, Aug. 27, 2021, with only a few new vehicles available for sale. A global shortage of computer chips has forced automakers to temporarily close factories,…
Mega supplier for auto industry predicts massive sales boost for electric cars by 2025
Magna CEO Swamy Kotagiri had some interesting things to say about electric vehicles and more when I participated in a conversation that will air beginning Sept. 9 on “Autoline This Week” on PBS. Magna’s a mega-supplier to the auto…
Chinese Electric SUV Maker Li Auto Raises $1.1 Billion in IPO
(Bloomberg) — Chinese carmaker Li Auto Inc. raised $1.1 billion in an above-range U.S. initial public offering, adding to the market focus on electric-vehicle companies, according to terms of the deal reviewed by Bloomberg. Li Auto sold 95 million…
Battery Giant TDK Expects Virus to Boost Gadget, Auto Prospects
(Bloomberg) — TDK Corp. sees a silver lining to the coronavirus pandemic in a boost to demand for its batteries and sensors in electronic gadgets and a long-term push toward greater use of tech in the auto industry. Once ubiquitous across cassette…