Toyota slashes car production due to chip shortage
Down 40 percent
Toyota is to slash worldwide vehicle production by 40 percent in September because of the global microchip shortage.
Tesla bot coming out soon
If you believe Musk's latest speech
Tesla Chief Executive Elon Musk said the electric automaker would launch a "Tesla Bot" humanoid robot prototype next year, designed for dangerous, repetitive, or monotonous work that people don't like to do, like listening to him make promises he can't keep.
Volvo stalls on chip shortage
Down for a week
Inventor of the seat belt, Volvo, has temporarily stopped production at its Swedish plant in Gothenburg due to the shortage of semiconductor chips.
LG profits take a hit from Bolt from the blue
Down by more than a fifth
LG Electronics has revised down its second quarter operating profit by more than a fifth to reflect a provision for recall costs for General Motor Bolt electric vehicles.
Qualcomm tries outbid Magna for Veoneer
Battle in the car industry
Qualcomm is having a crack at outbidding Magna in its battle to buy Automotive outfit Veoneer.