BMW Announces It will Meet 2022 Output Targets
Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
Toyota Motor Corp will cut global production by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage.
High gas prices lead more shoppers to consider traditional sedans and hybrids in the first quarter of 2022, likely benefiting Toyota.
The company plans to delay filling some open positions after hiring 7,000 new salaried workers already in 2022.
S&P research shows the average vehicle age rose to 12.2 years in 2022, representing a 2% increase from 2021.
The 2022 Working Relations Index shows Toyota in first place, with Honda rapidly closing in.
Editors recommend best new vehicles for recent college graduates.
Notable recent auction sales include a 2017 Ferrari LaFerrari Aperta.
General Motors hopes its Ultium platform, which consists of batteries, motors, software and other components, will help it grow EV market share and overtake Tesla as the No. 1 EV maker.
The company plans to offer insurance coverage to 80% of the U.S., before taking its insurance offering international.
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