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.
Mercedes-Benz to go all electric by 2030
Invests $47 billion to make it so
Mercedes-Benz maker Daimler plans to invest more than 40 billion euro, or $47 billion, between 2022 and 2030 to develop battery-electric vehicles, and be ready for an all-electric car market by 2030.
Intel's Mobileye tests AVs in Gotham City
If it can make it there, it can make it anywhere
Mobileye, the company that specialises in chips for vision-based autonomous vehicles, is now testing its AVs in New York City. This is a bit tricky because New York has harsh restrictions around such testing.