Suppliers: Page 2
-
Nic Antaya via Getty Images
White House backs $1B EV supplier fund
Monroe Capital’s managed fund is focused on helping small- and medium-sized auto manufacturers transition to electric vehicle production.
By Kate Magill • Sept. 25, 2024 -
Bill Pugliano via Getty Images
Employers increasingly shed jobs, reflecting economic uncertainty
Hiring intentions fell to the lowest year-to-date total since data tracking began in 2005, Challenger, Gray & Christmas said.
By Carolyn Crist • Sept. 25, 2024 -
Mario Tama via Getty Images
US seeks to limit China, Russia’s role in connected vehicle supply chains
The Department of Commerce's proposed new rule would require vehicles used in the U.S. to exclude suppliers with links to those countries.
By Edwin Lopez • Sept. 23, 2024 -
Courtesy of BMW Group
BMW taps Redwood Materials for battery recycling
The company will work directly with BMW of North America at over 700 locations, including dealerships and distribution centers, to collect batteries for recycling.
By Eric Walz • Sept. 23, 2024 -
Courtesy of The Dow Chemical Co.
Battery sector gets $3B from Biden administration
The funding will go towards new battery manufacturing facilities, as well as critical mineral processing plants and recycling sites.
By Sara Samora • Sept. 20, 2024 -
Courtesy of American Battery Technology Co.
American Battery Technology Co. taps Rivian exec as COO
Steven Wu will succeed Andrés Meza, whose last day was on Sept. 1.
By Sara Samora • Sept. 11, 2024 -
Courtesy of Utlium Cells
Ultium Cells workers in Tennessee join UAW
The GM battery supplier agreed to recognize the union after a majority of the Spring Hill plant’s employees signed union cards.
By Haley Cawthon • Sept. 9, 2024 -
Courtesy of Ford Motor Co.
Ford recalls over 90K vehicles for Ecoboost engine failures
The recalled vehicles include six 2021-2022 Ford and Lincoln models equipped with either the 2.7L or 3.0L version of the engines.
By Eric Walz • Sept. 5, 2024 -
Courtesy of Porsche
Porsche plans majority takeover of Varta battery unit
The automaker expects to participate in the reorganization of the manufacturer, whose lithium-ion cells are used in the hybrid Porsche 911 Carrera GTS.
By Haley Cawthon • Sept. 4, 2024 -
Provided by Canadian Pacific Kansas City
Canadian rail carriers’ recovery from work stoppage may take weeks
Embargoes put in place prior to the disruption have created freight backlog for Canadian National and CPKC.
By Larry Avila • Aug. 29, 2024 -
Courtesy of Samsung SDI
GM, Samsung SDI finalize $3.5B battery joint venture
The two companies aim to start production at the Indiana plant in 2027, a year later than previously expected.
By Haley Cawthon • Aug. 29, 2024 -
designer491 via Getty Images
Former GM manager sentenced to 2 years in prison for bribery
Hyoung Nam So was convicted for conspiring to solicit and receive a $5 million bribe from a South Korea-based supplier.
By Haley Cawthon • Aug. 22, 2024 -
Courtesy of Toyota
DOE doles out another $50M to support EV manufacturing
The Biden-Harris administration said the funding will go to six states with “significant automotive workforces” to help suppliers adapt their facilities.
By Haley Cawthon • Aug. 22, 2024 -
Provided by Canadian National Railway
Canada’s major rail carriers shut down
With no new labor deal, Canadian National and CPKC locked out union workers shortly after midnight Thursday.
By Larry Avila • Aug. 22, 2024 -
Provided by NFI through GlobeNewswire.
‘No possibility’ trucking can fill gap of Canada rail disruption
The British Columbia Trucking Association’s CEO says transport carriers won't have vehicles to deliver without the railroads moving them out of the Annacis Auto Terminal.
By Larry Avila • Aug. 20, 2024 -
Courtesy of Magna
Magna plans Arizona factory
The expansion in Mesa comes as delays at other plants impact the auto supplier’s projected sales.
By Joelle Anselmo • Aug. 14, 2024 -
Courtesy of GlobalFoundries
GlobalFoundries auto revenue rebounds in Q2
The chipmaker expects "meaningful" year-over-year growth in the segment as demand improves.
By Kate Magill • Aug. 12, 2024 -
Provided by CPKC
Canada’s rail networks edge closer to disruption
Soon after regulators said any labor action would be legal as early as Aug. 22, CPKC threatened to lock out some workers.
By Larry Avila • Aug. 9, 2024 -
Courtesy of Rivian Automotive
Rivian already sees tailwinds from VW partnership
CEO RJ Scaringe said the EV maker expects to achieve more favorable pricing from its suppliers as a result of the deal.
By Haley Cawthon • Aug. 7, 2024 -
Courtesy of Continental AG
Continental mulls spinoff of its automotive business
The company cited the industry’s software-driven technology transformation as one of the reasons for the potential move.
By Eric Walz • Aug. 6, 2024 -
Courtesy of NXP Semiconductors
NXP Semiconductors’ inventory woes persist amid slow auto demand
The company's revenue was down last quarter as its plan to normalize inventory levels takes longer than expected.
By Kate Magill • Aug. 5, 2024 -
Courtesy of Addionics
GM Ventures leads $39M funding round for battery technology startup
Addionics intends to use the funds to build its global workforce and expand manufacturing and commercialization efforts.
By Haley Cawthon • Aug. 1, 2024 -
Courtesy of Tesla Inc.
Tesla recalls over 1.8M vehicles for faulty hood latch switch
Some vehicles’ software may fail to warn a driver that the lock assembly is unsecured.
By Eric Walz • July 30, 2024 -
Courtesy of Porsche
Porsche supplier factory flood leads to aluminum shortage
The automaker expects disruptions to continue for several weeks, possibly leading to a manufacturing shutdown for certain vehicle series.
By Kelly Stroh • July 30, 2024 -
zenstock/iStock via Getty Images
GHSP adds VP to stabilize auto supply chain
Ludwing Vergara outlined a four-pronged approach that includes improved cost modeling and closer stakeholder collaboration.
By S.L. Fuller • July 26, 2024
Previous
