Auto suppliers are asking for contract relief
Parts shortages and heightened commodity prices are putting the squeeze on Tier 2 and Tier 3 suppliers, often forcing them to go to their Tier 1 customers to renegotiate pricing or ask for a cash infusion — or else risk going out of business entire.....»»
Three women contract HIV from dirty “vampire facials” at unlicensed spa
Five patients with links to the spa had viral genetic sequences that closely matched. Enlarge / Drops of the blood going onto an HIV quick test. (credit: Getty | BRITTA PEDERSEN) Trendy, unproven "vampire facials" perfor.....»»
New GM North America chief Marissa West has deep ties to automaker
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
GM"s Marissa West looks to connect with retailers as she oversees North American operations
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
Nissan EVs go bold with diagonal front lighting at Beijing auto show
Nissan has shown a creative and bold front lighting design in a clutch of electrified concept vehicles that were unveiled at the Beijing auto show, which point toward a future design language......»»
VW to launch youth-focused EV brand for China
The ID.UX subbrand is the automaker's bid to recapture market share lost to local rivals such as BYD. VW also showed the ID Code crossover concept ahead of the Beijing auto show......»»
Fisker appoints chief restructuring officer after missing payment to noteholder
Fisker said in its 2023 annual report that it may have to file for bankruptcy protection within 30 days if it does not get relief from its creditors. A forbearance agreement with one noteholder expires May 1......»»
apexanalytix Passkeys protects data with biometric authentication
apexanalytix launched Passkeys, a feature that enables suppliers to securely log into their accounts using biometrics like a fingerprint or face scan, or a screen lock PIN. The latest FBI Internet Crime Report reveals that business email compromise (.....»»
EV demand is up as Beijing auto show prepares to kick off
Chinese auto brands look to make hay while the sun shines......»»
Why are groups of university students modifying Cadillac Lyriq EVs?
The competition provides a steady stream of experienced graduates to the auto industry. Enlarge / For the previous EcoCar 3 competition, student teams turned Camaro sportscars into hybrids. For the EcoCar EV challenge, their job.....»»
EV demand in China is up as Beijing auto show prepares to kick off
Chinese auto brands look to make hay while the sun shines......»»
Gregg Orr Auto to pay $325,000 to settle allegations it fired employee with cancer
Gregg Orr Auto Collection agreed to settle a lawsuit in which the U.S. Equal Employment Opportunity Commission alleged an older employee with cancer was fired because of his high medical bills......»»
Top 5 stories of the week: Stellantis clashes with suppliers; GM"s headquarters move
A quick glance at the top automotive stories of the week......»»
Suppliers scramble to avoid low factory utilization amid rocky EV transition
The uneven ramp-up of electric vehicle production and flattening EV sales growth in North America have left suppliers scrambling to make sure they're not left with significantly underutilized factories, supplier executives said......»»
Nissan cuts profit and sales outlook on sliding volume, overly optimistic plans
Nissan issues a profit warning, cutting profit and sales forecasts, as volume misses expectations and the automaker compensates suppliers for its over-optimistic plans.....»»
Struggling Nissan cuts profit and sales outlook on sliding volume, over-optimistic plans
Nissan issues a profit warning, cutting profit and sales forecasts, as volume misses expectations and the automaker compensates suppliers for its over-optimistic plans.....»»
Ally net income plunges 51% in Q1, auto applications set record
Ally's auto business saw a record 3.8 million applications from consumers during the first quarter with 40% of new loan originations in the top credit tier......»»
Level 3 automated driving brings potential benefits, safety concerns
With Level 3 automated technology reaching public roads, auto and safety experts weighed the benefits and ‘persistent challenges' of such systems Tuesday at the SAE WCX conference in Detroit......»»
Stellantis avoids plant shutdowns by paying auto supplier "under hostage threat"
The automaker paid MacLean-Fogg Component Solutions of Illinois to keep pinions and gears flowing to a pair of plants in Kokomo, Ind......»»
Apple 2030 environmental goals: 95% of suppliers now using clean energy
We’ve today received an update on Apple’s 2030 environmental goals, one of which is for the company’s entire supply-chain to be carbon neutral by that date. The company says more than 320 suppliers – representing 95% of the company’s “.....»»