Month: November 2021

Volvo Cars sees chip shortage extending into 2022, Q3 profit dips By Reuters


© Reuters. FILE PHOTO: People look at a Volvo XC40 car during the Beijing International Automotive Exhibition, or Auto China show, in Beijing, China September 26, 2020. REUTERS/Thomas Peter/File Photo

By Helena Soderpalm

STOCKHOLM (Reuters) – Volvo Cars warned on Tuesday that the sector-wide semiconductor shortage would continue into next year, as its first quarterly report since listing on the stock market a month ago confirmed a dip in revenue and profit.

The Gothenburg-based carmaker said supply chains were still constrained but while production remained lower than demand, it had “improved month by month” since September.

“The supply situation has improved going into the fourth quarter, but we expect the industry-wide shortage of semi-conductors to remain a restraining factor,” Chief Executive Hakan Samuelsson said in a statement.

Volvo’s initial public offering (IPO) on Oct. 29 was the biggest in Europe so far this year, a sign of strength for the

Read More

Discover Clearance Sales On A New Automotive!

Many of the modifications occurring within the automotive market right this moment, including tightened credit markets in a capital-intensive industry and elevated authorities involvement are the latest world challenges. Up to now, the natural gasoline which was recovered in the course of recovering petroleum could not be profitably offered, and was simply burned at the oil subject in a course of generally known as flaring Flaring is now illegal in lots of nations. 60 Additionally, higher demand in the last 20-30 years has made production of fuel associated with oil economically viable. As an additional option, the fuel is now generally re- injected into the formation for enhanced oil recovery by pressure upkeep in addition to miscible or immiscible flooding. Conservation, re-injection, or flaring of natural gasoline associated with oil is primarily dependent on proximity to markets (pipelines), and regulatory restrictions.

Play one of the best free online automobile video … Read More

Shopper News brings you the latest happenings in your community

Leather crafter loves the old ways and his new nontraditional career

Somewhere between a romantic and a salesman is Michael Nolan and his urge to get his leather business off the ground.

Nolan and his wife, Shannon, came to Powell from Portland, Oregon, in 2019. They helped Shannon’s aunt through the final stages of her life and decided to stay. Michael had been in middle management sales in the automotive industry, and Shannon was — and still is — an accountant.

For years, up until a serious shoulder injury made it impossible, Michael’s hobby had been blacksmithing.

“I’ve always had a penchant for old Americana,” Michael said. “I like to go back to Colonial times. There’s a certain confidence that comes with self-reliance.

“I love those times with: Need a tool, make a tool.”

When blacksmithing and the heavy lifting involved was out of the question, Michael fell back on

Read More

Automotive Industry In The Philippines

Transport infrastructure consists of the fixed installations, including roads , railways , airways , waterways , canals and pipelines and terminals reminiscent of airports , railway stations , bus stations , warehouses , trucking terminals, refueling depots (including fueling docks and gas stations ) and seaports Terminals could also be used each for interchange of passengers and cargo and for maintenance. The settings I most well-liked for the monitor had been: Monitor Mode with the throttle map set to Avenue, ABS set to Supermoto, and Wheelie Management on (sure, I suck at wheelies). I suppose the setting that stands out is the Road throttle map. Since many of the riders I talked to went for the Sport mapping, I used to be a little sheepish about my preference till Chris Filmore told me that it was his most well-liked setting, too. The choice was made solely on my choice to … Read More