Weekly Roundup: 22nd-28th March
- Volvo’s supply chain problems continue, reduces production
- Maserati’s all-electric SUV all set to debut in 2023
- Tesla recalls EV models again
Supply Chain Woes
GM idles factory for two weeks over lack of chip supplies
General Motors will halt pickup truck production at the Indiana factory for two weeks starting April 4th due to the ongoing shortage of semiconductor chips. The company is also backing a Congress bill to provide $52 billion in subsidies to boost the manufacturing of semiconductors. Read the complete story here.
Volvo reduces production as chip shortage continues
Volvo Car has announced its struggle to meet the production forecast for 2022 as the chip shortage brings factories to a standstill. The company is expecting marginal growth this year as compared to last year because of the supply chain bottleneck. Read the full story here.
An Electrified Future
EV startup Nikola begins production of its first battery-electric semi-truck
EV startup Nikola has begun production of the battery-powered version of its electric semi-truck. The deliveries of the Tre battery electric vehicle (BEV) will begin in the second quarter. Following the announcement, Nikola’s shares went up by 15% in the trading market. Here’s the complete story.
Hertz adds Tesla Model Y to rental fleet
Rental car agency Hertz has announced that Tesla Model Ys will soon be joining their rental fleet. Last year, the company announced a massive deal to buy 100,000 Model 3 vehicles from Tesla under its electrification plan. Check out the full story here.
Tesla recalls nearly a thousand vehicles
Tesla has recalled 947 electric vehicles in its home market of the United States over a delay in rearview image display. According to the National Highway Traffic Safety Administration (NHTSA), Tesla vehicles do not comply with the federal safety standard on rear visibility and increase the risk of a crash. Check out the full story here.
Maserati’s all-electric Grecale coming in 2023
Italian luxury automaker Maserati announced an all-electric range of vehicles including an SUV called Grecale. The model will debut in 2023, and will be the first of six EVs the company promises to deliver by 2025. Earlier, the company said it plans to shift to EV-only sales by 2030. Check the full story here.
About Us
This week in Transport is a weekly round-up of everything happening in the transportation world; from sustainable transport initiatives to expansion plans, and implementation of an intelligent transport system. Watch this space for more sector news!