Microchip design software maker Cadence Design Systems Inc is betting on growth from automakers and other chip users strapped by global supply shortages who face mounting competition from rivals such as Tesla Inc and Apple Inc that design their own chips. Cadence and rivals Synopsys Inc and Siemens EDA are at the center of a…
Tesla Sales Increase Over 200 Percent in Germany, Even Before Gigafactory Berlin Begins Production
Tesla Inc. has been working to build Gigafactory Berlin and Gigafactory Texas to increase production and meet demand. Even though issues have delayed the Berlin factory multiple times, Tesla sales are still increasing. As reported by Drive Tesla Canada, Tesla’s vehicle sales rose 234 percent in Germany during the month of November. This comes while…
Stellantis CEO Says EV Cost Burden Is ‘Beyond the Limits’ for Automakers
DETROIT—Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs. Governments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are “beyond the…
Deal to End Car Emissions by 2040 Hits Speed Bump as Major Automakers Abstain from Pledge
Several of the world’s biggest automakers—including Nissan-Renault, Toyota, and Volkswagen—have not signed on to a pledge to phase out sales of new gasoline and diesel-powered vehicles by 2040, according to a draft COP26 declaration published by the UK government. “Together, we will work towards all sales of new cars and vans being zero emission globally…
Japanese Car Production Plunges Amid Supply Chain Disruptions
November 8, 2021
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automakersautomotiveBusiness & EconomyBusinesses in COVID-19chip shortageCompaniesJapansemiconductorsupply chainTSMC
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Amid the global chip shortage, Japan’s eight largest automakers’ September domestic output stood at 398,075, falling 49.7 percent compared to the same period last year, the sharpest production decline since the 61.8 percent drop in May last year, according to Chinese state media. Among them, Toyota and Honda dropped more than 55 percent. TSMC’s Japanese…
US House Plan Would Give Electric Vehicles Boost but Faces Opposition
WASHINGTON—A $1.75 trillion Democratic spending proposal could give a big boost to electric vehicles especially to Detroit’s Big Three automakers and the U.S. Postal Service, but it faces opposition from Republicans, foreign automakers, Canada and Mexico. The House plan boosts electric vehicle credits to up to $12,500 per vehicle, including $4,500 for union-made vehicles and…
Japanese Automakers’ China Car Sales Tumble in September
October 11, 2021
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Asia & PacificautomakersBusiness & EconomycarChinaChina Business & EconomyCompaniesEconomiesJapanesesalesseptemberWorld
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BEIJING—Japanese automakers Honda Motor Co. Ltd, Nissan Motor Co. Ltd, and Toyota Motor Corp. saw their sales in China tumble in September as a chip shortage hit vehicle production in the world’s biggest car market. Honda said it sold 121,448 vehicles in China last month, down 28 percent from a year earlier due to the…
Chip Shortage to Cost Automakers $210 Billion in Sales: Analysis
The global semiconductor shortage will lead to 7.7 million fewer vehicles produced in 2021, costing automakers billions in lost sales, according to consulting firm AlixPartners. The forecast, released Sept. 23, estimates that the shortage will cost the auto industry globally $210 billion in lost revenues in 2021, up sharply from the May projections of $110…
US Asks 12 Automakers for Assistance in Tesla Probe
WASHINGTON—The U.S. auto safety regulator said Tuesday it has asked 12 major automakers for assistance as part of its probe into crashes involving Tesla vehicles striking emergency vehicles while using advanced driver assistance systems like Autopilot. The National Highway Traffic Safety Administration (NHTSA) sent letters to General Motors Co., Toyota Motor Corp., Ford Motor Co.,…
COVID-19 Impact Could Hit Japanese Automakers’ Output in October
TOKYO—Disruptions to parts and components suppliers caused by the COVID-19 pandemic could force fresh production cuts at Japanese automakers in October, Akio Toyoda, the head of the auto industry lobby group, said on Thursday. Japanese car companies have already had to cut production this month because of difficulties finding semiconductors and other components as the…
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