Tesla Sales Slow as the Pandemic Hobbles Production
The decline in deliveries by the electric carmaker in the second quarter was the first drop since the beginning of 2020. The main reason was factory shutdowns in China.
Rivian affirms its 2022 E.V. production goal despite supply problems.
The electric-vehicle maker’s stock has fallen sharply after its initial public offering last year gave it a huge market value.
Lucid Motors sticks to its production target despite a slow quarter.
The Tesla challenger said it continued to have problems finding needed parts.
G.M.’s Profits Fell 3% in the First Quarter
The automaker reported an 11 percent jump in revenue for the first three months of the year compared with a year earlier.
Tesla’s Profits Jumped in the First Quarter but Challenges Loom
The electric carmaker had to close an important factory in Shanghai because of China’s efforts to stamp out a coronavirus outbreak.
Toyota’s U.S. Sales Fell 15% in the First Quarter Amid a Chip Shortage
The company struggled to produce vehicles in the first three months of the year, a sign that shortages could last longer than executives had hoped.
Rivian Pares Delivery Targets for 2022, Citing Supply Problems
The company said it expected to produce only 25,000 electric vehicles this year, adding a new cloud to its outlook only months after a hot I.P.O.
Lucid Motors Will Produce Fewer Cars Than Expected
The electric car start-up cited shortages of semiconductors and other supply chain problems.
Stellantis Reports Big Profit Even as Chip Shortage Cut Output
The automaker, which owns Jeep, Ram and Fiat, said its profit more than doubled, thanks to higher prices and cost-cutting measures that outweighed interruptions caused by the semiconductor shortage.
Ford earned $17.9 billion in 2021, bolstered by a large gain on its Rivian stake.
Ford ended the year with more revenue than General Motors for the second year in a row.