Page 35 - Refinitiv Smartestimate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Biden administration is reportedly about to undo Trump’s auto emissions regulations with California heavily in the mix, Lordstown Motors had a failed off-road race, and some trims of the Mustang Mach-E don’t have the best headlights. All that and more in The Morning Shift for April 22, 2021. Advertisement 1st Gear: It Sounds Like The Biden Administration Will Go Along With California’s Emissions Rules Nationwide This will start with the Feds dropping its legal efforts to revoke California’s ability to set its own emissions rules, per the WSJ: After the Transportation Department re...

By Heekyong Yang and Joyce Lee SEOUL (Reuters) - Hyundai Motor Co posted a first-quarter profit that nearly tripled to its highest in four years as people bought its luxury cars, but warned it would have to adjust production again in May due to a chip shortage. Unlike its rivals, the South Korean automaker staved off production halts in the first quarter, thanks to a healthy chip inventory. But the shortage, exacerbated by factors including a fire t a chip factory in Japan and storms in Texas, is now catching up with Hyundai. Hyundai, which together with affiliate Kia Corp is among the wo...

By Reuters Staff 1 Min Read SEOUL, April 22 (Reuters) - South Korea’s Hyundai Motor Co reported on Thursday a 187% rise in first-quarter net profit on demand for high-margin sports-utility vehicles and its premium Genesis cars, but a chip shortage threatens to derail its growth momentum. Hyundai, which together with affiliate Kia Corp is among the world’s top 10 automakers by sales, reported a net profit of 1.3 trillion won ($1.16 billion) for the January-March period versus 463 billion a year earlier. That compared with the 1.3 trillion won forecast of analysts in the Refinitiv SmartEsti...

Hyundai Q1 profit triples, to adjust May auto production due to chip shortage SECTIONS Last Updated: Apr 22, 2021, 01:12 PM IST Share Synopsis Unlike its rivals, the South Korean automaker staved off production halts in the first quarter, thanks to a healthy chip inventory. But the shortage, exacerbated by factors including a fire at a chip factory in Japan and storms in Texas, is now catching up with Hyundai. Agencies Hyundai Motor Co posted a first-quarter profit that nearly tripled to its highest in four years as people bought its luxury cars, but warned it would have to adjust production ...

Hyundai Q1 profit triples; expects further production hit on chip shortage Reuters Hyundai is hoping to significantly increase its EV sales with models including the Ioniq 5. SEOUL -- Hyundai Motor posted a first-quarter profit that nearly tripled to its highest in four years, but warned it would have to adjust production again in May because of a chip shortage. Unlike its rivals, the automaker avoided production halts in the first quarter, thanks to a healthy chip inventory. But the shortage, exacerbated by factors including a fire at a chip factory in Japan and storms in Texas, is now catch...