China’s Popular Electric Vehicles Empower Europe’s Automakers

FRANKFURT – The name MG was formerly synonymous with lively but meticulous sports cars from England. Today, the iconic octagon badge serves a different kind of automobile passion: China’s striving to become a big brand. player in the global automobile market. SAIC Motor, one of China’s Big Four automakers, acquired the MG brand in 2007 …

Chip shortages are forcing German automakers to cut production.

Daily Business Briefing 21 July 2021Updated July 21, 2021 at 7:59PM ET July 21, 2021 at 7:59PM ET A Daimler factory in Germany. The automaker is trying to deal with chip shortages by prioritizing its most expensive and most profitable models.Credit…Kai Pfaffenbach/Reuters global semiconductor shortage Demand is recovering strongly from the pandemic-induced downturn, interrupting production …