UK car production falls 11% in April on chip crisis Britain's car production fell 11% in April due to persistent chip shortages and supply chain issues, made worse by the Ukraine crisis, the UK auto … Business • 26 May 22
Honda posts solid yearly earnings despite chip crunch Japanese auto giant Honda said today its net profit rose 7.6% in the financial year to March, benefiting from strong motorbike sales and a weaker … Business • 13 May 22
BMW profit gets lift from Chinese joint venture BMW has today posted a rise in first-quarter profit, boosted by a reevaluation of the German car maker's stake in its Chinese joint venture and … Business • 05 May 22
Nissan raises profit outlook due to cost cuts, weak yen Nissan Motor has today raised its full-year operating profit forecast by 17% to 210 billion yen ($1.82 billion) as cost cutting helped bolster profitability and … Business • 08 Feb 22
Apple's quarterly sales and profit top estimates Apple is overcoming the costly global shortage in computer chips, posting record sales over the key Christmas quarter, beating profit estimates and forecasting that its … Business • 28 Jan 22
European new car sales slow down by 1.5% in 2021 - ACEA New car registrations in Europe fell 1.5% in 2021, even further below the previous record low of 2020 sales, industry data showed today. Business • 18 Jan 22
Renault's higher-value brands focus pays off in 2021 A solid performance by Renault's higher-value brands helped soften an overall drop in annual worldwide group sales at the French carmaker, as its focus on … Business • 17 Jan 22
Apple supplier Foxconn cautious on 2022 revenue outlook Apple supplier Foxconn has today forecast that a global chip shortage would run into the second half of 2022 and its fourth-quarter revenue for electronics, … Business • 12 Nov 21
Honda lowers profit outlook for a second time Honda has cut its full-year profit forecast for a second time as a persistent global shortage of semiconductors forces it to cut vehicle production and … Business • 05 Nov 21
Toyota boosts profit outlook, warns of production risks Japan's Toyota has today raised its profit outlook helped by favourable currency rates but warned that the global semiconductor shortage still posed risks to its … Business • 04 Nov 21
BMW offsets low deliveries with increased prices in Q3 German automaker BMW has today reported third-quarter earnings before interest and taxes of €2.88 billion, beating analysts' expectations of €2.34 billion, as it offset reduced … Business • 03 Nov 21
Apple cuts iPad production to feed chips to iPhone 13 Apple has cut back production of iPad tablets to allocate more components to the iPhone 13, a sign the global chip supply crunch is hitting … Business • 02 Nov 21
Skoda to make quarter of a million fewer cars this year Volkswagen owned Skoda Auto said today it will make about a quarter of a million fewer cars than anticipated this year due to a shortage … Business • 01 Nov 21
Chip crunch deals blow to Volkswagen as Q3 falls short Volkswagen has cut its outlook for deliveries, toned down sales expectations and warned of cost cuts as a shortage of computer chips caused the world's … Business • 28 Oct 21
Chip crunch hits Renault production more than expected Renault's production losses in 2021 due to a global semiconductor shortage will be far larger than previously forecast, the French carmaker said today, though it … Business • 22 Oct 21
Samsung sees best quarterly profit in three years Samsung Electronics has today flagged a 28% jump in its third-quarter operating profit to the highest in three years, driven by rising memory chip prices … Business • 08 Oct 21
European new car sales down in July, August - ACEA European car registrations dropped in July and August after four months of growth, industry data showed today. Business • 16 Sep 21
Toyota cuts car production target on shortage of chips Toyota Motor has cut its annual production target by 300,000 vehicles as a slowdown in output at Covid-19 hit parts factories in Vietnam and Malaysia … Business • 10 Sep 21
Tiny chips cast big shadow over Munich car show As carmakers gathered in Munich this week to launch almost exclusively zero or low-emission vehicles, an ongoing semiconductor shortage cast a long shadow over the … Business • 07 Sep 21
Scania stops European truck production on chip shortage Truckmaker Scania, part of Volkswagen's commercial vehicle arm, will halt production at its European truck plants this week due to the shortage of semi-conductors, it … Business • 30 Aug 21
Intel and TI split leaves chip outlook in doubt Two major chipmakers this week gave very different views of whether soaring demand for semiconductors will start to ease in the second half of the … Business • 23 Jul 21
Hyundai's second quarter net profit soars South Korea's Hyundai has today turned in its best quarterly profit in about six years, helped by solid demand for its high-margin sport-utility vehicles (SUVs) … Business • 22 Jul 21
Chip supply shortages could last several years - Intel Intel's chief executive said it could take several years for a global shortage of semiconductors to be resolved, a problem that has closed some auto … Business • 31 May 21
China's factory output slows as bottlenecks evident China's factories slowed their output growth in April and retail sales significantly missed expectations as officials warned of new problems affecting the recovery in the … Business • 17 May 21
Toyota expects profit rebound, shrugs off pandemic slum Toyota said today that it expects operating profit to grow by 14% to 2.50 trillion yen ($23 billion) this year as it shrugs off a … Business • 12 May 21
