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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade.

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Ford Mustang Mach-E April sales experience effects of ongoing chip shortage

Teslarati

The ongoing chip shortage has adversely affected the auto industry, and Ford has acknowledged this. Unlike the Mach-E, however, these vehicles still utilize an internal combustion engine. . Here's a pic from April 28 at the port. pic.twitter.com/fZV4BTbJ19. — Mustang Mach-E VLOG (@MachE_VLOG) May 4, 2021.

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Obama Outlines Next Steps for GM and Chrysler

Green Car Congress

In his short address, the President confirmed details that had emerged over the weekend about the next steps for the two auto makers. In other efforts to support the struggling auto industry, the President said that: The government will back the warranties on vehicles from GM and Chrysler. Earlier post.).

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Documenting the EV battery material supply chain: Traceability challenges, Part One

Charged EVs

Charged : I know traceability has always been important in certain industries. Do you provide a lot of services to the auto industry? I’ve been in traceability for more than 30 years—we started mostly in the pharmaceutical industry to provide traceability for FDA regulations. But the auto industry, this is something new.

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Debunking the Lithium "Mining" FUD

Plug In India

The interesting thing is before electric cars were popular, no one in the auto industry or mainstream media even questioned where petrol or the metals used in engines are coming from. The reality is these mines are not even in use by the battery industry and they are not Lithium Mines. With a clear result.

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Third Panasonic EV battery plant in the US is still possible 

Teslarati

Swan mentioned that Panasonic was considering a facility in the United States because it was “more incentivized in America than in Canada.” The Internal Revenue Service (IRS) has already released the list of EVs eligible for tax credits under the Inflation Reduction Act (IRA).

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The EV Transition Explained: Policy Roadblocks

Cars That Think

Utility commissioners and their staffs are now dealing with “rising workloads with limited staff, limited resources, and growing gaps in internal expertise due to the increasingly specialized needs of today’s energy system,” states the Rocky Mountain Institute. Issues like auto safety and pollution were the chief concerns.

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