The Washington Post
ALSO I N BUSINESS
second-quarter net income fell 40 percent from a year ago as computer chip and parts shortages hobbled factory output and drove the company’s U.S. sales down more than 15 percent. The Detroit automaker earned $1.67 billion from April through June, in part because it couldn’t deliver 95,000 vehicles because they were built without one part or another. A year ago, it made $2.79 billion. GM expects full-year sales to dealers to rise 25 percent to 30 percent over last year as the supply of semiconductors improves.
Volkswagen began production
of its first electric vehicle assembled in the United States at a Tennessee plant Tuesday. In a news release, the German automaker said it plans to ramp up production in Chattanooga of the ID.4 electric compact SUV to 7,000 cars per month in the fourth quarter of this year, with a goal of increasing that rate next year. VW says it is hiring more than 1,000 production team workers there through the end of the year. Volkswagen Chattanooga employs more than 4,000 people.