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.
Ford earned $17.9 billion in 2021, bolstered by a large gain on its Rivian stake.
GM’s Profit Jumped in 2021 Despite Global Chip Shortage
The company made $10 billion in profit for 2021, a 55 percent increase from 2020.
Tesla Reports Record Profit but Warns of Supply Problems
The carmaker had a profit of $5.5 billion as sales of its electric vehicles continued to surge, especially in China and Europe.
Why Tesla Soared as Other Automakers Struggled to Make Cars
The yawning disparity between the performance of the electric car company and established automakers last year reflects the technological change roiling the industry.
Toyota Topped G.M. in U.S. Car Sales in 2021
After struggling to produce cars because of a global computer chip shortage, automakers are trying to move quickly to making electric vehicles.
Tesla Reports 87% Increase in 2021 Deliveries
The electric-car maker managed substantial growth as Europe and China increasingly propelled sales.
Rivian Plans to Spend $5 Billion on a Second EV Plant in Georgia
The company, which began trading on the stock exchange last month, said it lost $1.2 billion in the third quarter.