Bloomberg Hyundai Motor Co. will recall about 82,000 electric cars globally and take an almost $900 million hit after South Korean government found defects in some of vehicles’ battery cells. The recall will be for EV models of the Kona, as well as the Ioniq and the company’s Elec City buses, that were manufactured between November 2017 and March 2020, ...

Bloomberg Huawei Technologies Co. took the wraps off a high-end foldable smartphone to try and stake out a place in the fast-expanding category, revealing that revenue and profit barely grew in 2020 at the height of Trump-era sanctions. China’s largest technology company is trying to keep its shrinking mobile gadgets business alive despite dwindling expectations that Washington will roll back ...

Bloomberg The global semiconductor shortage will slash earnings at General Motors Co. and Ford Motor Co. by about one-third this year as supply constraints hamper production and profits, Moody’s Investor Service estimates. The chip shortage will materially erode margins and could lower expected earnings before interest and taxes by as much as $2 billion for GM and $2.5 billion for ...