Stellantis, suppliers take over tooling from bankrupt supplier
Stellantis, suppliers take over tooling from bankrupt supplier to avoid "enormous losses" from shutting down vehicle assembly lines......»»
Vinnie Johnson"s Piston Group wins scathing verdict in longtime minority certification fight
The verdict ends a legal feud that’s been stewing since early 2021. At stake was a lucrative minority certification that helped the auto supplier win business from automakers. The fast-growing supplier has topped $3 billion in revenue and employs 1.....»»
CEOs of Nvidia, suppliers highest-paid leaders in 2023 compensation analysis
The median CEO compensation across auto industry sectors in 2023 declined 2.5 percent year over year to about $11.3 million......»»
Apple taps LG Innotek for all iPhone 16 Pro and iPhone 16 Pro Max tetraprism lenses
The main manufacturer of tetraprism lenses for the iPhone 15 Pro Max is now said to initially be the sole supplier of it for the iPhone 16 Pro and iPhone 16 Pro Max.Camera lenses on the iPhone 15 Pro MaxBacking up the expectation that the iPhone 16 P.....»»
UAW workers rally outside Stellantis truck plant, blast CEO
The union has threatened to strike the automaker for failing to meet its commitment to reopen the idled Belvidere plant by 2027. Stellantis said the union has agreed to language in the contract that allows it to do so......»»
Top 5 stories of the week: Mazda"s incentives soar along with its sales; UAW threatens Stellantis
A quick look at the top automotive stories of the week as determined by reader interest......»»
Automakers insourcing crucial EV parts, leaving suppliers with fewer potential customers
Automakers are increasingly insourcing production of e-motors and other crucial electric vehicle components, posing a challenge for suppliers vying for business in the EV space......»»
Stellantis, GM slash headcount in Michigan but keep state incentives
Stellantis employed 38,913 people in the state at the beginning of 2023, a 7 percent year-over-year drop, according to data submitted to Crain’s. GM’s Michigan-based headcount of 50,316 at the start of 2024 represents a 9 percent decline from 202.....»»
From coal plant to data center: Old power stations are being repurposed
Industrial sites have the large tracts of land and resources needed. Enlarge (credit: Robert Nickelsberg/Getty Images) Booming demand for artificial intelligence is encouraging big tech companies and their suppliers to e.....»»
Worker killed at Jeep plant in Ohio, reports say
Stellantis said it was aware of the incident but could not provide further details......»»
How changing automaker EV plans complicate suppliers" labor strategies
Some suppliers are cutting jobs because of slowdowns in automakers' electrification plans, often reluctantly so because of how difficult it can be to fill roles to begin with, executives and industry analysts said......»»
Stellantis CEO Carlos Tavares to visit U.S. to create plan to reverse lagging profit, report says
Tavares' visit to Detroit during his summer break will seek to reassure employees and investors that he intends to fix the automaker's struggling North American operations......»»
Tim Fallon becomes Stellantis" North America manufacturing chief after 2 years at Rivian
Fallon will bring EV manufacturing expertise to Stellantis at a time when the automaker is preparing to launch several electric vehicles......»»
UAW president uses DNC speech to threaten Stellantis, praise Harris
The union leader wore a shirt calling former President Donald Trump a scab and said workers will take action against Stellantis if it doesn't follow through on promises it made in last year's labor agreement......»»
UAW threatens to strike Stellantis if it backtracks on reopening Ill. plant
The union says at least seven locals are prepared to file grievances against Stellantis if the automaker reneges on commitments it made in its 2023 labor agreement......»»
Stellantis idles Michigan engine plant for a week
The Trenton Engine Complex, which makes V-6 engines for the Jeep Wrangler and Ram 1500 Classic, is shutting down for a week to balance supply with demand, Stellantis said......»»
Mobileye says modular Brain6 software opens new possibilities
The software is built on mapping data sourced from cars that use Mobileye technology. It allows improved vision-based ADAS systems and offers Mobileye a path to expand into infotainment, the supplier says......»»
Stellantis shareholders sue automaker in U.S. after disappointing earnings
The complaint said Stellantis artificially inflated its stock price for much of 2024 by making "overwhelmingly positive" assessments about inventories, pricing power, new products and operating margin......»»
Lawsuit accuses Stellantis, Maserati of blocking sale of N.Y. dealerships
Dualed Alfa Romeo and Maserati dealerships in Great Neck, N.Y., have sued Stellantis and Maserati North America for denying an application to transfer the franchises......»»
Ahead of iPhone 16, AI demand boosts Apple supplier Foxconn"s profits
Foxconn, Apple's iPhone 16 manufacturer has reported a fourth consecutive quarter of profit increases, which it credits to demand for AI servers.Workers in a Foxconn factoryFor the previous quarter, Foxconn's increased profits came from better than e.....»»
After micro-LED Apple Watch cancellation, LG seeking compensation
It was reported earlier this year that Apple cancelled plans for a micro-LED Apple Watch, finding them too difficult to produce in the quantities that would be needed. Display supplier LG was set to make a key component for this display, and is no.....»»