Plastics supplier to Rivian, Bosch, others faces insolvency
Unique Fabricating is facing insolvency after failing to make loan payments and dealing with allegations of improperly reporting finances, on top of being investigated for alleged labor rights violations in Mexico......»»
German supplier Schaeffler plans $230 million EV axle plant in Ohio
The plant will make components including electric axles for light- and medium-duty EVs and will be in Dover, Ohio, about 80 miles south of Cleveland......»»
EV battery parts supplier Addionics plans $400 million copper foil investment in U.S.
Battery components supplier Addionics said it will spend $400 million to open U.S. facilities as part of a plan to boost production of crucial components for electric vehicle batteries domestically......»»
Rivian, Lucid earnings reports tell a tale of a tough EV market
Rivian and Lucid are burning through cash. Sales are expected to be flat this year. The EV startups, along with Tesla, are trying to move downmarket for growth......»»
California faces an uphill battle against plastic
Given its green bona fides, it's no surprise that California was the first state in the nation to ban single-use plastic bags 10 years ago. Many were hopeful that would make a dent in the plastic pollution crisis, one canvas tote bag at a time. But i.....»»
Polymer science team develops additive that can "upcycle" a wide range of plastics
One doesn't need to be reminded that plastic production, and plastic pollution, have steadily increased over the years—the evidence is all around us. What if we were able to recycle plastic in a way that is truly sustainable?.....»»
Study: Replacing plastics with biodegradable alternatives would lead to significant carbon emissions reduction
Plastic pollution and its impact on the environment have become critical global issues in recent years. In response, the research teams have conducted a study to evaluate the carbon emissions associated with both traditional plastic products and biod.....»»
Rivian’s Q4 net loss narrows to $1.52 billion as it cuts staff by 10% and forecasts flat 2024 production
Rivian doesn't expect production to increase significantly this year due mostly to high interest rates......»»
Apple faces €500m fine from EU over Spotify complaint
Apple Music is facing a whopping €500m fine after an antitrust probe. Apple is facing a first-ever fine, which Brussels is set to announce next month. The company will reportedly be fined around €500 million ($539m) for allegedly breakin.....»»
Mercedes CEO Ola Kallenius faces 5 big challenges in 2024
China's price war, a faltering focus on high-end models and high development costs are among challenges Mercedes CEO Ola Kallenius faces in 2024......»»
NASA faces a quandary with its audacious lunar cargo program
Failure is now an option at the US space agency. Enlarge / Intuitive Machines released this photo of its Odysseus lander in space after launch. (credit: Intuitive Machines) Most of NASA is a pretty buttoned-down place th.....»»
Auto technology supplier Aptiv slashes headcount 4%
Aptiv plc is reducing its headcount of salary and hourly workers in a restructuring move aimed at cutting overhead costs while increasing investment in advanced technologies......»»
Auto supplier Aptiv slashes headcount
Aptiv plc is reducing its headcount of salary and hourly workers in a restructuring move aimed at cutting overhead costs while increasing investment in advanced technologies......»»
Rivian and Lucid to report Q4 earnings as the once-hot startups face cooling EV demand
Rivian and Lucid cut vehicle prices in February even as both burn through cash. The startups once had higher market valuations than GM or Ford but are now worth a small fraction of their market peaks......»»
Rivian R2 compact SUV: rumored price, release date, design, and more
Rivian has been highly successful with its R1 platform, but a newer, cheaper platform is on the way -- Rivian R2. Here's what we know so far......»»
Best Presidents’ Day power tool deals: DeWalt, Milwaukee, and more
We've got the best Presidents' Day power tool deals that you can shop right now, with products made by trusted brands such as Bosch, DeWalt, and Milwaukee......»»
Apple faces 500M euro fine following EU music probe
Apple may be the target of a 500 million euro ($538 million) fine from the European Commission, with the regulator expected to impose the charge following its competition probe into how it treats Apple Music's competitors.EU flagsThe European Commiss.....»»
Fisker faces new NHTSA probe after complaints of vehicle rollaway
The agency's Office of Defects Investigation said it received four complaints alleging unintended vehicle movement in Fisker Ocean crossovers. An earlier probe is looking at braking complaints......»»
EV pullback ‘good for business,’ American Axle CEO says
American Axle & Manufacturing Holdings Inc. took a $33.6 million net loss last year due largely to the UAW strike, but the industry’s biggest worry now — the electric vehicle pullback — could play in the supplier’s favor......»»
Chinese EV supplier to invest $16.5M, add 100 jobs in Southeast Michigan
Jing-Jin Electric North America LLC is planning to expand its Michigan base with a new 40,000-square-foot plant to manufacture electric vehicle components......»»
Advanced artificial photosynthesis catalyst uses CO₂ more efficiently to create biodegradable plastics
Amid growing global concern over climate change and plastic pollution, researchers at Osaka Metropolitan University are making great strides in the sustainable production of fumaric acid—a component of biodegradable plastics such as polybutylene su.....»»