Cox Automotive has lowered its 2022 new vehicle sales forecasts for the 2nd time this year. Projections started at 16 million and now sit at 14.4 million due to - you guessed it - ongoing supply chain and semiconductor chip issues.
With only Ford and Tesla projected to post year-over-year gains for Q2, some other brands are bracing for double-digit percent drops in sales volume.
TL:DR — A high-ranking S. Korean-based auto park maker is pulling a divide and conquer, while SK Group, the 2nd largest individually controlled S. Korean conglomerate, invests in safe chargers for apartment buildings. Each move feels like an investment in being key players in the global shift toward electrification.