The Zacks Analyst Blog Highlights: Ford, Honda, General Motors, CNH Industrial and Lithia Motors
General Motors Co's self-driving technology unit Cruise on Monday pushed back on claims from San Francisco authorities that its robotaxis are illegally double-parking, saying they have the right to block traffic for quick stops. The San Francisco Municipal Transportation Agency (SFMTA) last week challenged Cruise's application for a permit to deploy robotaxis in San Francisco on the grounds that it was illegally "double parking" during testing, creating safety and traffic concerns. The agency called for denying the permit until Cruise's technology could demonstrate greater competency.
MEXICO CITY (Reuters) -Mexican automotive production and exports fell for the fifth month running in November, figures from the national statistics agency (INEGI) showed on Monday, as ongoing shortages of semiconductors put the brakes on the industry. Mexican automotive production plunged by 20.25% from November 2020 to 248,960 vehicles, while auto exports declined by 16.46% to 240,341 units, the INEGI data showed. A global semiconductor shortage https://www.reuters.com/business/autos-transportation/mexicos-auto-heartland-workers-struggle-chip-shortage-bites-2021-11-24 has prompted automakers in Mexico and the rest of North America to implement rolling shutdowns, curtailing production and hitting workers hard.