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Volkswagen AG raised its earnings outlook after a strong start to the year, while cautioning that the semiconductor shortage rippling through the industry will become more pronounced in the second quarter.

Volvo Trucks North America announced onboard technology from Lytx is available on all model-year 2022 or newer Volvo trucks as a factory-installed option.

WASHINGTON — Rep. Andy Levin (D-Mich.) is reintroducing the EV Freedom Act, which seeks to build a nationwide electric vehicle charging network within five years.

Grote Industries announced Brian Blanton has joined the company as chief financial officer.

Lucid Motors Inc., the Saudi Arabia-backed electric vehicle maker going public via a reverse merger, has hired a former executive of Alphabet Inc.’s Waymo as chief financial officer.

MILAN — The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported May 5 a 14% increase in first-quarter revenues, despite a drop in production due to the semiconductor shortage.

Class 8 orders in April were 33,500, ACT Research reported, and the volume underscored how far the industry has rebounded from a year earlier when orders were the lowest since 1995.

DETROIT — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips.

Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks, saying the push could create jobs and wean the nation off over-dependence on China and Taiwan.

Power management company Eaton Corp. reported higher net income and flat revenue in the first quarter as businesses continue to recover from the pandemic.