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UPDATE 1-China's Baidu to launch paid driverless ride-hailing services in Beijing msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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 pe ....
A|I: The AI Times – Montréal's AI map betakit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from betakit.com Daily Mail and Mail on Sunday newspapers.
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. ....
26 April 2021 10:09 am / 0 comments According to a report by Reuters, Jidu Auto will invest 50 billion yuan (around RM31.6 billion) into producing smart cars over the next five years. The company is a joint venture between Baidu (55%) and Zhejiang Geely Holding Group (45%), with the partnership first being announced back in January this year. Jidu CEO Xia Yiping told the publication that the funding would come from Baidu and other investors, with the company aiming to launch its first EV in three years or sooner. He said the EV would target young customers and “look like a robot,” although the company would need to analyse market data before deciding on a final model. ....