Economy News

Italy: Automobile production fell by 37.4%

According to figures released by the National Statistics Institute (Istat) on Monday, the decline in automobile production has accelerated sharply from July’s 7.4% drop. Italian automobile production dropped 37.4% in August. This decrease is mostly due to the global shortage of semiconductors, according to data released Monday by the Institute. According to figures
Economy News

Stellantis and Foxconn created a joint venture

The automotive group Stellantis and the Taiwanese electronics giant Foxconn announced Tuesday the creation of a joint venture specializing in the production of connected interiors, intended for all car manufacturers. The new company, called Mobile Drive, will be owned equally by the two groups and will focus on the design of “intelligent cockpits” to support