Cars News

Revenue is expected to rise slightly this year compared with 2021 as supply chain bottlenecks ease but it was too soon to predict an end to the global semiconductor shortage, the company said.

The introduction of more data-driven services and products is part of CEO Mary Barra's plan, announced last October, to double GM's annual revenue to around $280 billion by 2030.

In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said the Felicity Ace remained stable, and the smoke that for days billowed from the vessel, adrift around 170 km southwest of the Azores, had stopped.

Ford's F-150 plant in Dearborn, Michigan will continue to function, the automaker said.

Some investors have pushed Ford and rival General Motors Co to spin off their EV operations as a way to better tap into the full value of those businesses.

Aptiv Plc shifted high-volume production of parts for vehicles out of Ukraine over the past couple of months.

The invasion was a factor in consulting firms J.D. Power and LMC Automotive slashing their 2022 global new-car sales outlook by 400,000 vehicles to 85.8 million units.

The new model, named after an Alpine pass in northern Italy, will compete in a segment populated by some of Europe's most popular premium cars such as BMW's X1, the Mercedes GLA and Volkswagen's Audi Q3.