Gestamp has recorded 2021 nine-month net income of EUR101m (US$118m), compared to -EUR92n last year. Revenue rose 19.5% to EUR5.9bn, while EBITDA reached EUR701m. Net income during 9M, 2021, was driven by lower financial expenses, higher control of foreign exchange variations but impacted by EBITDA margin evolution in a more volatile market environment. Gestamp noted […]
Gestamp posts 9M net income of EUR101m – Just Auto Read More »
Since 200mm-technology was introduced in 2010, Bosch has invested more than EUR2.5bn in its wafer fabs in Reutlingen and Dresden Bosch is to invest more than EUR400m (US$467m) expanding its wafer fabs in Dresden and Reutlingen in 2022, as well as its semiconductor operations in Penang, Malaysia. “Demand for chips is continuing to grow at
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UK car production fell 41.5% in September, the third consecutive month of decline, with 67,169 cars manufactured, the worst September result since 1982, the Society of Motor Manufacturers and Traders (SMMT) said. Output continued to be hampered by production stoppages caused by the ongoing global shortage of semiconductors as well as the loss of production
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Solid Power has signed an MoU and a joint development agreement with SK Innovation for automotive solid state batteries. SKI will make cells using SP sulphide-based solid electrolyte, proprietary cell designs and production processes. The deal will help Solid Power validate development and production as part of the automotive qualification process. “This marks a key
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Mitsubishi Motors Corporation (MMC) premiered its fully redesigned plug-in hybrid electric vehicle (PHEV) model of the Outlander crossover SUV. Sales will commence in Japan on December 16, followed by Australia and New Zealand in the first half of 2022 and North America in the second half of 2022. The new Outlander PHEV model is MMC’s
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VW Group operating profit before special items in Q3 2021 was down 12.1% to EUR2.8bn due to semiconductor supply issues while the operating return on sales was 4.9%, down from 5.4%. The group booked operating losses in Q3 and the China business was “disproportionately affected by the semiconductor situation despite strong demand”. Nine-month operating profit
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Nissan dealers can offer aftersales customers the option of interest-free payments for servicing and repair work as part of the brand’s new partnership with Bumper. The flexible finance service will be available across Nissan’s 194-strong dealer network. It follows the launch of Bumper’s Buy-Now-Pay-Later (BNPL) digital payment platform at West Way, the UK’s largest Nissan dealer group. “We’re delighted
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The global semiconductor shortage is due to negatively impact vehicle manufacturer supply chains until at least Q3 2022, according to the Society of Motor Manufacturers and Traders (SMMT). The SMMT has surveyed its members to review the impact of the global shortage of semiconductors on the UK automotive sector and its supply chain. The results of
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