Mazda expects chip shortage to affect about 7,000 vehicles in February

Japanese automaker Mazda Motor Corp said on Thursday it expects a chip shortage to affect its vehicle production from this month. Mazda will revise its production plans based on the current assumption the shortage will affect around 7,000 vehicles globally in February, chief executive Akira Marumoto said on a post-earnings call. The semiconductor shortage, which […]

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Hit by shortage, Volkswagen demands boost to Europe chip sector

Europe needs to stump up cash to boost its chip industry, a board member of the continent’s largest carmaker Volkswagen said, pointing to a global semiconductor shortage that has highlighted dependence on foreign players. “We won’t produce chips ourselves,” Markus Duesmann, Volkswagen’s board member in charge of research & development and head of luxury unit […]

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German watchdog orders Goldman Sachs to comply with money laundering rules

Germany’s financial watchdog has ordered Goldman Sachs’ European arm to comply with rules to prevent money laundering and terrorist financing, it said on Thursday. The watchdog, BaFin, said it had asked Goldman Sachs to comply with due diligence obligations regarding customers and risk analysis requirements under Germany’s anti-money laundering laws. Goldman Sachs said in a […]

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