WardsAuto Daily Edition
 
WardsAuto Daily

FEBRUARY 28, 2022

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Magna Amps Up Electrified Propulsion Push

We sample Magna’s latest plug-and-play electrified propulsion solutions at the Canadian automotive supplier’s annual Winter Test, this time in northern Michigan.

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Electric Vehicles Take Bigger Slice of Automotive Lending in Q4

The EV share of loan and lease originations in the fourth quarter was about 4.6%, vs. 2.3% in like-2020. Even with the increase, the Tesla brand still dominates the segment.

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Autoline Daily 2022: Top Industry News for Feb. 28

Toyota, Bridgestone Crippled by Cyber Attacks; Toyota Claims Stronger EV Battery; Jeep Teases Moab Concepts

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Fisker Uses Tech Conference for European Launch

From TU Automotive
CEO Henrik Fisker told the audience at the Barcelona conference that he had just been witnessing the first pre-production prototypes rolling off the Magna Plant in Austria where European models are expected to begin series production in November. 

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LMC: Invasion of Ukraine Could Cost Russia One-Third of Its 2022 Vehicle Production

For Wards Intelligence Subscribers
Although a moving target due to the chaos currently in the region, Wards Intelligence partner LMC Automotive expects initial fallout from Russia's invasion of Ukraine to be 500,000 units of lost light-vehicle production in Russia in 2022.

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