Europe

TOKYO — Toyota cut its global production plan for June for the second time this week and signaled its full-year output estimate could be lowered, highlighting the pain from the supply-chain crunch and China lockdown. Global automakers’ production has been hit by the microchip shortage and also by China’s COVID-19 lockdowns. The reduction by Toyota –
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Rolls-Royce is concerned ongoing supply chain issues could prolong waiting lists that already stretch into the second half of next year for some models. Parent BMW has prioritized feeding semiconductors Rolls-Royce’s way because of the contribution it makes to the group’s profitability, CEO Torsten Mueller-Oetvoes told Bloomberg Television. Recent lockdowns in China have forced the
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DAVOS, Switzerland — Volkswagen Group CEO Herbert Diess said he sees “clear improvement” in semiconductor supplies and expects the automaker’s global production can recover during the rest of this year. Diess, speaking on the sidelines of the World Economic Forum conference in Davos, Switzerland, said disruptions to VW’s supply chain in Ukraine are also easing.
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PARIS — Renault has received several partnership proposals for the combustion-engine unit it plans to create alongside one dedicated to electric vehicles and software, two sources familiar with the matter said. Renault plans to separate its electric and conventional car businesses, creating two entities to manage the shift towards fossil-free vehicles. “The group has already
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Mercedes-Benz’s new, more luxury-focused MMA entry-level platform will launch in 2024 with an all-electric model in 2024, the company said. The “electric first” platform, which can also accept internal-combustion engines, will debut a new generation of technology and set the standard for future Mercedes architectures to come, CEO Ola Kallenius said.  Mercedes briefly showed a silhouette
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Mercedes-Benz can now focus exclusively on passenger cars following the Daimler Trucks spinoff in 2021, and strong first-quarter results appear to be proof that strategy is working.  Mercedes is achieving those results as it rolls out its lineup of dedicated full-electric cars, including the EQS sedan and SUV, and the EQE sedan and expected SUV.
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