The automaker raised its industry sales outlook for the U.S. market to 10 percent growth and reiterated that it expects 10 percent expansion in Europe.
Month: August 2021
Automaker could have sold more cars in the U.S. but inventory levels were very low, CFO Katsuyuki Mizuma said. source: Section Page News – Automotive
The firms were suspected of driving up prices, based on price monitoring and reporting clues. source: Section Page News – Automotive News
Toyota said its sales would have been higher, if inventories were not so tight due to the microchip shortage. source: Section Page News – Automotive
The automaker raised its full-year profit forecast but cautioned that the chip shortage and rising COVID-19 cases could have an impact on results. source: Section
BorgWarner Inc. saw a second straight quarter of sales and net income increases and bumped up its full-year guidance Wednesday despite continued headwinds for the
New limits on greenhouse gas auto emissions, which President Biden plans to announce Thursday, are likely to fall short of what environmentalists have called for. source:
Political tensions with China mean that tariffs originally imposed by the Trump administration will likely stick around for the foreseeable future. source: Section Page News
Andrea Baldi succeeds Alessandro Farmeschi as CEO in North America, Lamborghini’s largest market. Farmeschi is returning to the company’s Italian headquarters in another role. source:
China’s new-vehicle market is expected to shrink for the third straight month in July as the semiconductor chip crunch continues to constrain output, the China