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Report: Global Chip Shortage Might Last Well Into 2023

Ford Kentucky Truck Plant
The situation will keep car prices sky-high. COVID-19 cases are spiking again in certain chip-producing Asian countries. The average new car transaction price in the US is now nearly $42,750. This is disappointing news as there were signs that relief was on the way...

Production of The Volkswagen ID.3 Starts Today

Today was the start of the Volkswagen ID.3 production in Zwickau. The plant will become the largest electric car factory in Europe. Today marks an important milestone for Volkswagen. The German manufacturer has officially started the production of its all-new and all-electric ID.3 model. Volkswagen’s ID.3...