Automotive

Chip shortage puts the brakes on automakers

A shortage of silicon chips is forcing automakers to cut back on production across the globe and may encourage efforts to cut reliance on Asian suppliers.

Automotive

Renault bets on electric after 2020 sales slump

French auto giant Renault on Tuesday reported a sharp drop in 2020 sales amid the coronavirus pandemic, while unveiling its plans for the transition to electric- and hydrogen-powered vehicles.

Business

Pandemic hits Disney revenue, but streaming TV sees gains

Walt Disney Co. on Thursday reported a hefty loss in the just-ended quarter as the global pandemic hit its theme parks and cinema operations, but shares rose on gains in its new streaming television service.

Automotive

Nissan trims losses in Q2, upgrades forecasts

Crisis-hit Japanese automaker Nissan said Thursday it trimmed net loss in the second quarter, though it remained in the red, and upgraded its full-year forecasts as the global auto industry showed signs of recovery from the ...

Business

Uber's food delivery business outshines core rides service

Uber's food delivery business brought in more money during the third quarter than its signature rides business, showing just how much consumer behavior has changed—and how far the company has adapted—since the pandemic ...

Automotive

Toyota ramps up full-year forecasts as sales recover

Toyota on Friday almost doubled its full-year forecasts, saying sales and production were recovering quickly from the coronavirus pandemic, which has shredded the global auto market this year.

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