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According to consulting firm AlixPartners, the ongoing shortage of semiconductor chips is expected to cost the global automotive industry $ 110 billion in sales in 2021.The forecast is up 81.5% compared to an original forecast of $ 60.6…

All over the world, car assembly lines are getting quiet, workers stand still, and dealer parking lots look empty.A shortage of semiconductors, the tiny but critical chips used to calibrate cars' fuel injection, run infotainment systems, or…

Less than half a year after the unveiling of a prototype of a flying vehicle, the Chinese electric car start-up Xpeng presented a second model at the Shanghai Auto Show in April 2021.Evelyn Cheng | CNBCSHANGHAI - Flying cars may have made…

The global shortage of chips that was a headache for automakers has actually been a boon for Indie Semiconductor, CEO Donald McClymont told CNBC on Wednesday."While others have problems, we've actually really benefited," he said in a Mad…

A Li Xiang One Hybrid SUV is on display during the 18th Guangzhou International Auto Show in Guangzhou, China on Nov 23, 2020.Li Zhihao | Visual China Group | Getty ImagesBEIJING - Chinese automaker Li Auto, listed on the Nasdaq, is…

A Li Xiang One Hybrid SUV is on display at the China Import and Export Fair Complex, China, during the 18th Guangzhou International Auto Show on November 23, 2020.Li Zhihao | Visual China Group | Getty ImagesBEIJING - At the beginning of…