Automakers thrived in 2021 despite chip crunch, flat sales, rising materials costs

Mercedes-Benz said sales of high-priced models such as the Mercedes SL AMG convertible (shown) helped it increase profits by 30 percent in 2021 even as sales fell 5 percent.

March 23, 2022 05:16 AM

Major automakers posted record profits last year despite facing a triple threat: the COVID-19 pandemic, semiconductor shortages and higher commodity prices.

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Ford

Tariffs already hurting vehicle affordability as more price hikes loom

Ford

Despite discounts by brands such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.

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Tariffs already hurting vehicle affordability as more price hikes loom

Nissan

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Suppliers

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Larry P. Vellequette

Toyota overhauls supply chain process, gives 52-week forecasts instead of 13-week

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Tariffs already hurting vehicle affordability as more price hikes loom

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Kia technician training program for veterans helps dealership boost productivity

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