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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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Geely officially discloses new global B-segment automobile modular architecture: BMA; new BMA-based SUV to launch this year

Green Car Congress

Automobile modular architectures—for example, TNGA of Toyota, and MQB, MLB and MEB of the Volkswagen Group—hav become a major trend in the auto industry. The BMA platform will be applied in compact cars, including SUVs, sedans, MPVs, crossovers, and wagons.

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ISU study finds large potential for biobased materials in auto industry, but with challenges

Green Car Congress

A study by researchers at Iowa State University has determined that the automotive industry has a very large potential to utilize biobased materials. However, they noted, there are also many challenges associated with the use of biobased parts in the auto industry. Cost to manufacture is one of the main considerations.

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BYD celebrates 7 million new energy vehicle (NEV) production milestone

Teslarati

That time has long passed, and BYD’s presence in the hybrid, PHEV, and BEV sector has grown to a point where it has garnered the respect of the global auto industry. As noted by the Chinese automaker in a post on Weibo, its 7 millionth NEV is an N7 SUV from the company’s premium sub-brand Denza.

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Audi e-tron Sportback electric SUV edges closer to production form

Green Car Reports

We've seen and driven the upcoming Audi e-tron quattro electric SUV, and this week got a look at the more affordable Q4 e-tron as well as four new plug-in hybrids coming from Audi. In between, the brand is also scheduled to release a fastback version of the e-tron Quattro SUV, called the e-tron Sportback.

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Driven: Alfa Romeo Tonale Plug-in Hybrid Q4

EV Central

Alfa Romeo’s new Tonale Plug-in Hybrid Q4 is the first ever vehicle from the venerable Italian car maker with a charging port. And the small SUV PHEV is also the starting point for the company’s five-year ‘Zero to Zero’ plan. Until the Tonale Plug-in Hybrid Q4, Alfa Romeo produced zero electrified models.

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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). The plant will bring back the Volkswagen Scout as a BEV brand, along with other vehicles in the SUV and pickup segments.

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