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......»»
Stellantis laying off up to 2,450 workers at Mich. truck plant
The end of Ram 1500 Classic production at Stellantis' Warren Truck Assembly Plant near Detroit will result in layoffs starting as soon as Oct. 8......»»
The EV sales reality has settled in — and suppliers worry they"ll be left holding the bag
The sunny electric vehicle forecasts of past CAR Management Briefing Seminars gave way to a cloudier picture this year......»»
Stellantis to help fund Archer Aviation"s air-taxi production costs
Stellantis CEO Carlos Tavares has said that the idea of inexpensive air taxis fit with the automaker's goal of "finding innovative solutions for accessible mobility.".....»»
FTX to pay $12.7B to victims of Sam Bankman-Fried’s massive scheme
US commodities trading agency claimed its largest recovery ever for FTX victims. Enlarge (credit: NurPhoto / Contributor | NurPhoto) FTX, the bankrupt cryptocurrency exchange formerly helmed by fraudster Sam Bankman-Frie.....»»
Linamar"s Linda Hasenfratz steps down as CEO, remains executive chair, company says
Linamar's Linda Hasenfratz has stepped down as CEO of the Canadian parts supplier, the culmination of a years-long succession plan that will see long-time executive Jim Jarrell take over day-to-day activities at the company......»»
Luminar Q2 net loss narrows to $130.6 million; debt restructuring deal reached
The lidar supplier said revenue grew 2 percent to $16.5 million......»»
Column: From atop the Mitten, suppliers" world looks challenging in 2024
Shifting customer plans, high interest rates and tight labor markets make it a tough world for suppliers......»»
Auto suppliers are slashing R&D. That could turn into a big problem.
Some of the world’s largest, most tech-savvy parts producers have hit the brakes on spending due in part to electric vehicle launch delays and a dim outlook for returns on investment......»»
Automakers, suppliers need to work together through EV transition
Automakers and suppliers have similar challenges in the bumpy EV transition, panelists said at the 2024 Car Management Briefing Seminars......»»
Sustainable products give manufacturers an edge over competition, suppliers say
Suppliers and automakers increasingly see developing sustainable products not just as a way to check a box on climate targets but to help them save costs and differentiate themselves from competitors......»»
Adient net income plummets 69% in fiscal Q3 amid delayed launches, Europe troubles
Despite challenges in Europe, the global seating supplier sees promising growth opportunities with Chinese automakers......»»
Automakers, suppliers want less drastic swings in EV policy after 2024 presidential election
Industry executives and lobbyists called for more certainty and less drastic shifts in EV policies and regulations between administrations ahead of the Nov. 5 presidential election......»»
EV delays, changing plans dim suppliers" financial outlooks
Suppliers said automakers' rapidly shifting electrification plans will weigh on their future earnings as they make fewer parts for electric vehicles than they were banking on......»»
Jaguar Land Rover production hit by flooding at aluminum suppliers
Supplies of aluminum have been impacted by floods in Switzerland. Porsche, Mercedes, BMW and Audi are also affected......»»
Top 5 stories of the week: Stellantis sues dealership over fleet dispute; Toyota testing scandal widens
A quick look at the top automotive stories of the week as determined by reader interest......»»
Rearview camera recalls are becoming common. Here"s why
Ford, Volkswagen, Stellantis and Honda have experienced recalls in recent months because of faulty rearview cameras, all from different suppliers......»»
Intel"s grim forecast could concern automakers in wake of microchip crisis
Intel is a major supplier of semiconductors to the automotive industry, having supplied chips installed in more than 50 million vehicles. Intel says 18 automakers have vehicles with Intel chips on the road for use in their EVs and software......»»
Seating supplier to cut jobs in Detroit after truck discontinuation
Bridgewater Interiors LLC is planning to lay off 63 employees at its Detroit plant after Stellantis NV discontinues the Ram 1500 Classic. The seating supplier said it expects to make the permanent cuts by the end of September, according to a WARN.....»»
Ram CEO Christine Feuell pushes through 1500 production hiccups, guides Chrysler"s future
Christine Feuell is juggling two brands, Chrysler and Ram, with a distinct set of hurdles and vastly different positions within the Stellantis portfolio. Feuell assumed leadership of Ram in June at a challenging time for the truck brand while guiding.....»»
Auto suppliers continue to face worker shortage and high costs
The Federal Reserve indicated labor supply and demand are in sync in the U.S. economy for the first time in years. But suppliers are still lagging behind......»»