Toyota Launches the New Sienta in Japan
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Toyota (TM) Production Problems Persist
August 25, 2022 3:14 PM EDTWhile almost every automobile manufacturer struggled through the semiconductor chip shortages in 2021, Japanese automaker, Toyota (NYSE: TM) faired better than most. However, now the hybrid vehicle leader has officially fallen behind as the company struggles to keep their dealers supplied with inventory.
According... More
Honda (HMC) to Cut Japanese Production by 40% in Early in September
August 25, 2022 2:48 PM EDTHonda Motor Co (NYSE: HMC) announced on Thursday that it would slash production plans by up to 40% in Japan early in September due to persistent supply chain and logistical issues. Honda blamed delays in receiving parts and logistics due to COVID-19 and semiconductor shortages.
HMCs assembly plant in Saitama prefecture,... More
Stellantis (STLA) Halts Production Over Chip Shortage
August 25, 2022 2:28 PM EDTAccording to reports by Reuters, Car production at Stellantis' (NYSE: STLA) Sochaux car plant in France will be suspended until Saturday. The company confirmed the rumors after a union official cited semiconductor shortages as the reason for the interruption. Stellantis builds the Peugeot 3008 and... More
China Power Crisis Suspends EV Charging Services
August 24, 2022 1:24 PM EDTElectric car manufacturer, Nio In. (NYSE: NIO) began posting temporary notices on its apps charging map page informing owners that some of its Chengdu battery-swapping stations are off-line because of the severe overload on the grid under the persisting high temperatures.
Tesla (NASDAQ: TSLA) was also forced to turn off or restrict services at more than a dozen super-charging stations in... More
