BERLIN – Mercedes-Benz said it expects inventories to remain high in the second quarter as supply chain bottlenecks hinder production and deliveries, with semiconductor supply still very volatile. “There is…
By Heekyong Yang SEOUL – Hyundai Motor Co is likely to report a 4% bump in first-quarter profit thanks to a sharply weaker won boosting the value of its exports…
DAKAR – Air France said on Wednesday that flights from Senegal’s capital Dakar to Paris will make refuelling stops in Spain’s Las Palmas, due a refined products shortage in the…
From the desk of Marlyn Piperno and Kimm Eulner TRENTON, NJ – Two New Jersey legislators are calling on Governor Phil Murphy to move along when it comes to requiring…
BERLIN – A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s Chief Executive Oliver Zipse said in an interview with…
By Harshita Swaminathan (Reuters) – Graincorp said on Friday it expects underlying profit for fiscal 2022 to be around 2.5 times that of last year, as the Australian agribusiness firm…
SAO PAULO – Mercedes-Benz Group will put more than five thousand workers on collective vacation in two plants in Brazil due to the shortage of semiconductor chips, the company said…
STOCKHOLM – Volvo Cars said on Monday car sales in March fell 22% to 58,677 cars as the automaker faced shortages of a specific semiconductor. Volvo, majority owned by China’s…
FRANKFURT – Daimler Truck, the world’s largest truckmaker, on Monday said it was curbing production at some of its German factories due to a shortage of critical semiconductors. The company,…
STOCKHOLM – Volvo Cars said on Tuesday that a shortage of semi-conductors was hitting production and would likely to continue through the second quarter, forcing it to cut its forecast…
LAKEWOOD, NJ – School bus shortages are a major problem facing hundreds of thousands of New Jersey families and students since the start of the COVID-19 pandemic. Nowhere in the…
By Christina Thykjaer MADRID – A Spanish law passed last year forcing food delivery companies to contract their couriers as staff has caused a labour shortage as many prefer to…
MOSCOW – The Russian banking system’s liquidity shortage widened to 6.9 trillion roubles ($68.25 billion) on Wednesday, the central bank said, up from 5.4 trillion roubles a day before as…
FRANKFURT – Volkswagen will halt production for a few days next week at two German factories after a delay in getting parts made in Ukraine, a spokesperson confirmed on Friday.…
From the Desk of Senator Anthony Bucco TRENTON, NJ – Less than two weeks before Governor Phil Murphy’s deadline requiring health care workers to have their second COVID vaccine shot,…
by Bethanne McCarthy Patrick TRENTON, N.J. – As schools struggle to find bus drivers who can safely transport kids and custodians who can sanitize classrooms, Assemblywoman Bethanne McCarthy Patrick eyes an…
BERLIN – German carmaker Volkswagen expects a continued hit from a shortage of semiconductors this year, although it should be able to ramp up production in the second half of…
DETROIT – Ford Motor Co said on Monday it will continue idling some of its assembly plants in the week of Feb. 14 due to the global semiconductor shortage. The…
By Naveen Thukral SINGAPORE – Record volumes of lower quality wheat from India and Australia are set to fill a gap left in Asia’s animal feed market by a shortage…
BERLIN – Bosch CEO Stefan Hartung expects the chip shortage to lessen significantly in the second half of this year, he said at a press conference on Thursday, adding he…
– Tesla Inc decided to remove one of the two electronic control units included in the steering racks of some made-in-China Model 3 and Model Y cars to meet fourth-quarter…
BERLIN – Volkswagen does not expect the global shortage of semiconductors to end this year although it should further ease slightly in the second half, a board member was quoted…
BERLIN – Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When…
SAN FRANCISCO – Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply…
By Hyunjoo Jin SAN FRANCISCO – Automakers, including General Motors, Ford Motor and Hyundai Motor, predict a near two-year chip constraint will ease in the second half of 2022, but…