Auto Industry News

Samsung SDI and Stellantis NV have agreed to jointly produce electric vehicle (EV) batteries for the North American market, a person familiar with the matter said on Tuesday.

Accepted by Europcar's board but still subject to a green light from France's market watchdog, the deal would give VW 66 per cent of shares.

Judges in Brunswick did not find that the accused deliberately acted "contrary to duty and to the detriment of the company", a court spokesman said.

The company said that the shortage of semiconductors was worse than it had predicted even as late as August, but that supplies were now stabilising.

GM reported third-quarter sales of 446,997 in the United States, down almost a third from the year-ago period.

Micron has pilot manufacturing lines for developing new technologies at its Idaho headquarters and a factory in Virginia that turns out special high-reliability chips for automobiles.

Skoda Auto to resume production at most of its plants on Sunday evening after a two-week outage.

"Production will resume on January 2, 2022," it said, adding that in the meantime, staff would be put on short-time working.