Experts Predict Russia-Ukraine Conflict Will Slash Global Vehicle Production
Experts predict the Russian invasion of Ukraine could slash global production of new cars and trucks by millions of units in 2022.
Experts predict the Russian invasion of Ukraine could slash global production of new cars and trucks by millions of units in 2022.
Though forecasts predict the global semiconductor shortage may not right itself until 2023, vehicle manufacturers express hope for improvement in Quarter 4.
Fiat Chrysler has backed out of a proposed merger with Renault, blaming ‘political conditions’ in France, whose government owns a 15% share of Renault. A week ago, the companies were poised to form the world’s third-largest automaker.
The chairman of Fiat Chrysler Automobiles is pushing a proposal that would merge the Italian-American carmaker with France’s Renault, creating the world’s third-largest manufacturer.
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