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Big Three sees more plant closures as chip shortage continues

The Big Three all believe the next three months will be most expensive part of the shortage. ....

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General Motors Blasts Earnings Forecasts, Repeats Profit Guidance

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General Motors (
GM) - Get Report posted much stronger-than-expected first quarter earnings Wednesday, while confirming its full-year profit guidance even as chip shortages bloated its overall inventory and clipped free cash flow.
General Motors said adjusted diluted 2.25 per share, up 262% from the same period last year and more than double the Street consensus forecast of $1.04 per share. Group revenues, General Motors said, slipped modestly from last year to $32.47 billion, coming in just shy of analysts estimates.
Looking into the 2021 financial year, GM said it expects profits closer to higher end of its $10 billion to $11 billion range, or $4.5 to $5.25 per share, including first half total of around $5.5 billion. ....

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Worldwide Hybrid and Electric Vehicle On-Board Charger Market 2020-2024 - Opportunity Analysis for New Entrants

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NEW YORK, May 5, 2021 /PRNewswire/
Technavio has announced its latest market research report titled Hybrid and Electric Vehicle On-Board Charger Market by Type and Geography - Forecast and Analysis 2020-2024
The hybrid and electric vehicle on-board charger market is poised to grow by 5.94 million units between 2020-2024, progressing at a CAGR of about 30% during the forecast period.
Some of the major factors responsible for the growing demand for EVs are low air and noise pollution. Moreover, the popularity of EVs is growing because of the increased marketing by vendors. Demand for electricity, especially during peak hours is growing with an increasing number of EVs. To cater to this growing demand vehicle-to-grid (V2G) chargers are being developed and tested which can transfer power bi-directionally between the vehicle and the grid. These factors compel plug-in vehicles to use bi-directional on-board chargers which is a key factor driving ....

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MiX Telematics joins National Road Safety Week 2021 as a Major Sponsor

/PRNewswire/ MiX Telematics has joined with the road safety leader Safer Australian Roads and Highways (SARAH) to promote road safety initiatives across our. ....

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