Auto chip shortage to improve in second half, top exec says autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.
How Hyundai Europe expects to avoid more pain from the chip shortage
How Hyundai Europe expects to avoid more pain from the chip shortage
Michael Cole says the crisis thus far hasn t cost the automaker any days of production at its plants in the Czech Republic and Turkey
Print We will still close the year with a share gain of 0.1 to 0.2 percent, Hyundai Europe CEO Michael Cole said.
Michael Cole, the first non-Korean top boss at Hyundai Europe, wants to boost the automaker s market share in 2021, while simultaneously avoiding production disruptions because of the chip shortage and lingering effects on dealers of the pandemic. To achieve his goal, Cole is counting on strong demand for Hyundai fast-expanding lineup of electrified models, which includes the Ioniq 5 from the automaker’s new full-electric subbrand of the same name. Cole outlined Hyundai Europe s plans in an interview with
Opel CEO explains what s next for the brand after challenging 2020 autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.
Ford of Europe plans more changes to reposition business for EV-focused future
U.S. automaker to have an electric-only passenger car range by 2030
Print We will not necessarily try to be all things to all men or women in the future. We will put our capital where we can differentiate, Ford of Europe President Stuart Rowley said.
Ford of Europe grabbed headlines when it became the first major automaker in the region to announce it would only sell full-electric passenger cars by 2030. The decision is the culmination of a tumultuous two years under the leadership of Briton Stuart Rowley, who has overseen a $1 billion reduction in structural costs that was achieved by closing plants and cutting more than 10,000 jobs. More upheaval looms as the company continues to adjust an EV future, Rowley told