03
Sep
19:05
Volvo Cars foresees lower revenues, profit in H2 on chip crisis
Swedish carmaker Volvo Cars said Friday it will be challenging to achieve the same production levels in the second half of 2021 as last year, due to the ongoing chip supply crisis, Kallanish reports.
The company took a hit of 10.6% on-year in its global car sales, despite “very robust” demand. Suppliers shutdown in South East Asia, particularly in Malaysia, led the company to temporarily halt its cars production (both ICE and EVs) in Sweden, Belgium, …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous