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Baidu to launch paid driverless ride-hailing service in Beijing
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UPDATE 1-China s Baidu to launch paid driverless ride-hailing services in Beijing
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10 Best Automotive Stocks to Invest in Now
Global car sales took a major battering due to the COVID-19 pandemic last year as the lockdown restrictions dramatically decreased demand for new vehicles. According to research by credit rating agency Moody’s, automotive unit sales plunged almost 16% in 2020, beating projections of a 14% drop at the beginning of the coronavirus crisis. This was the sharpest decline in car sales in many decades, even beating the 9% crash witnessed following the 2009 financial crisis. However, the rating agency forecast that sales would rebound in 2021.
London-based information provider IHS Markit Ltd. (NYSE: INFO) estimates that the rebound is likely to result in a 9% year-on-year improvement in global auto sales this year, with 83.4 million light vehicle units expected to be sold in 2021, while S&P Global, in a September 2020 note, put the figure at somewhere between 7 to 9%. However, the auto industry is not expected to touch pre-pandemic peaks of cl
A|I: The AI Times – Montréal s AI map
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Stellantis will reduce shifts through the end of May at its
Jefferson North Assembly plant in Detroit;
Ford extended shutdowns for two additional weeks in
Chicago, Flat Rock, Michigan, and
Kansas City, Missouri;
Subaru’s Indiana plant is down from April 19-30.
Volkswagen has experienced a production loss of 100,000 vehicles globally as a result of the chip shortage, and the automaker said it will not be able to make up for the loss in 2021.
IHS Markit estimates up to 3% of medium and heavy commercial vehicle production in certain regions could be impacted by the semiconductor shortage in the first half of 2021.