Ford Says It Will Spend $1 Billion More in Third Quarter Because of Supply Chain Problems
The automaker said shortages of parts are continuing to hurt its ability to make and sell vehicles. Source link
Day: September 19, 2022
Social Media Companies Still Boost Election Fraud Claims, Report Says
The report, by New York University’s Stern Center for Business and Human Rights, argues that the companies fuel false conspiracies about election fraud despite promises to combat them. Source link
Daimler Trucks shifts battery strategy to avoid competition with cars
HANOVER, Germany — Daimler Trucks is migrating its battery chemistry to a formula that eliminates nickel and cobalt to improve durability and reduce competition with the passenger car business for scarce materials. Daimler will gradually move its vehicles to lithium iron phosphate batteries it has developed in partnership with China’s CATL. Iron and phosphate cost …
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Food Supply Disruption Is Another Front for Russian Falsehoods
As the war in Ukraine has put pressure on the global markets for food, Russia has spread conspiracy theories that blame the West. Source link
Nissan Recalls Over 203,000 Pickups That May Roll Away While Parked
Owners of Nissan Titan and Frontier pickups should use the parking brake, the company and the National Highway Traffic Safety Administration said. Source link
Stock Market Wavers as Investors Guess What the Fed Is Thinking
Ahead of a pivotal Federal Reserve meeting on Wednesday, prominent investors and business leaders have warned that the worst may be yet to come for the markets. Source link
Auto service to boom post-pandemic
After two years of sharp declines in market value, Canada’s automotive service industry is on track for a strong rebound as Canadians return to the roads, a study by J.D. Power Canada predicts. The 2022 Canada Customer Service Index — Long-Term Study, which tracks the service needs of post-warranty four- to-12-year-old vehicles, forecasts a market …
Zelensky Meets With BlackRock Chief to Discuss Reconstruction Fund
The world’s largest asset manager advised Ukraine on how to revive the country’s shattered economy by attracting public and private investment. Source link
Tesla completes expansion to boost output at Shanghai factory
SHANGHAI — Tesla Inc. completed a project to expand production capacity at a Shanghai assembly plant on Monday, according to a statement on a Shanghai government platform for companies’ environmental information disclosures. Tesla will test production lines following the upgrade from Sept. 19 to Nov. 30, the statement added. Reuters previously reported Tesla had been …
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Volkswagen Sets Price Range for Porsche’s Blockbuster I.P.O.
The public offering values the luxury sports car maker at up to $75 billion. Source link