Industry News

General Motors Co said on Tuesday it was extending production cuts at three North American plants until at least mid-March due to the global semiconductor chip shortage, while vehicles at two other factories would only be partially built.

DETROIT (Reuters) – General Motors Co on Wednesday reported a higher-than-expected fourth-quarter profit on strong demand for trucks and SUVs during the COVID-19 pandemic but forecast weaker-than-expected 2021 results citing a shortage of chips used in car production.

TOKYO (Reuters) – Toyota Motor Corp said on Wednesday it has an up to four-month stockpile of chips and was not immediately expecting a global chip shortage to hit production, as it jacked up its full-year earnings forecast by a … Read more

SHANGHAI (Reuters) – Auto sales in China, the world’s biggest market, surged in January with a 30% jump from the same month a year earlier, the tenth month of gains, as China continued to lead the global automobile industry’s recovery … Read more

ANGLO American Platinum (Amplats) will announce a 49% and 69% year-on-year increase in share earnings when it reports its full-year earnings on February 22.

IMPALA Platinum (Implats) will post more than a fourfold increase in interim headline share earnings of between 1,812 to 1,899 cents, the company said in a trading update today. Interim headline share earnings for the previous financial year were 436 cents.

LONDON (Reuters) – Pollution from fossil fuels causes one in five premature deaths globally, suggesting the health impacts of burning coal, oil and natural gas may be far higher than previously thought, according to a study published on Tuesday.

HAMBURG (Reuters) – Volkswagen is conducting a feasibility study in China about flying cars, Europe’s biggest automaker said on Tuesday, joining a growing number of companies looking into the potential technology.

TOKYO (Reuters) – Japanese automaker Honda Motor Co on Tuesday hiked its full-year operating profit forecast 23% to 520 billion yen as demand in China and elsewhere gained momentum and it trimmed costs.

TOKYO (Reuters) – Japan’s second and third largest automakers, Honda Motor and Nissan Motor, will sell a combined 250,000 fewer cars in the current financial year as a global shortage in semiconductor chips hits production.