Magna CEO Swamy Kotagiri said the company’s focus is on “grinding through” the current environment while being as flexible as possible.

As expected, the Nexperia chip shortage is being felt first in the supply chain by Tier 1 companies such as Germany’s Bosch Group and ZF Friedrichshafen.

Lenders said new information has come to light indicating the business “made misrepresentations in numerous financial statements, credit agreements, and borrowing base certificates.” ...

The company said it is reorganizing its software and services engineering team to speed how it develops and deploys technology.

Lear was most exposed to the cybersecurity attack on JLR and the resulting production halt in Europe, which took a $111 million bite out of sales and wiped away $31 million in earnings.

The Racco will mark BYD’s fifth model in Japan, yet the Chinese EV giant has struggled to find a foothold there as its still ...

The market was projected to fall 3 percent to 6.9 percent in October, according to forecasts from J.D. Power-GlobalData and Cox Automotive, as EV demand slides following the expiration of federal tax ...

China said it will exempt eligible companies from its export ban on Nexperia’s semiconductor chips, signaling an easing of supply chain tensions.

The Trump administration is expected to detail the move in a fact sheet being prepared on the U.S.-China trade deal, Bloomberg reported.

It’s the latest twist in a saga between the automaker and its Illinois dealers that goes back to a change in the dealer law that took effect in January 2022.

Nexperia said it is developing alternative solutions to supply chips to its customers. The standoff between the Netherlands and China over the company is threatening global auto production.

Two years following the end of the 2020-23 microchip shortage, supply chains for automotive-grade semiconductors remain fragile.