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Stellantis named Martin Horneck as its new supply chain and purchasing head last week. In the process, the company dropped many of the hot-button terms and conditions imposed on suppliers in January. The previous agreement forced suppliers to share any cost s…
EV Startup Canoo's Q12022 earnings report: "As of the date of this announcement, we are reporting that there is substantial doubt about the Company's ability to continue as a going concern."
Aston Martin hired Amedeo Felisa as CEO and Roberto Fedeli as CTO, both from Ferrari. Tobias Moers, the former CEO hired to turn the company around, is exiting after clashes with ownership.
VW is considering expanding its Chattanooga plant to produce the ID Buzz microbus and an electric pickup truck. The company is reportedly planning a second US plant to increase vehicle production by 600k vehicles a year.
BMW has pledged not to cut a single job during the transition from gas vehicles to EVs.
Workers locked in VW's halted Shanghai plant get scheduled meals, rest times, walks around the factory, and movie nights. The plant was initially to run with staff living onsite during the city's expansive COVID-19 lockdowns.
Toyota is closing its Sao Bernardo do Campo plant in Brazil, which opened in 1962. The automaker will shift production and its 550 workers to nearby facilities by the end of 2023.
Continental is expanding its Memmingen and Neu-Ulm development campuses in Germany. The sites focus on designing AV systems.
Ford continues to restructure, moving Argo AI and Ford Autonomous Vehicles under its Ford Next division.
Rivian has named former Magna exec Frank Klein as its new COO.
LMC Blog: Nearshoring: The solution to North America's chip woes?
Ford is restructuring as part of its Ford+ program launched in May 2021. New distinct divisions were announced this week along with leadership appointments:Ford Motor CompanyJim Farley - President and CEOJohn Lawler - Chief Financial OfficerStuart Rowley - Ch…
GM has promoted Shilpan Amin to become president of GM International. Steve Kiefer, the current chief, is retiring effective April 1 after four decades with the company. GM expects to name Amin's replacement as VP of Global Purchasing and Supply Chain soon.
Impact of Severe Weather on Automotive Manufacturing (Live Map)
Honda has reportedly ended vehicle production at its assembly plant in Sayama, Japan, as part of its shift to EV production. The plant will still produce some vehicle parts.
Valeo appointed Christophe Périllat as its new CEO. The outgoing CEO, Jacques Aschenbroich, will remain chairman of the board.
GM is investing $154M into its components plant in Lockport, New York. The investment will go towards equipment and renovations to support the production of a module for EV motors.
Aptiv has brought on Sophia Velastegui as its new chief product officer. Velastegui is a former Microsoft exec, and the move comes on the heels of Aptiv's Wind River acquisition.
Kia America has named former American Honda VP Steven Center as its new COO and executive VP.
Chinese JV, Renault Brilliance Jinbei Automotive is beginning bankruptcy restructuring hearings. The company "has not been able to meet its current financial obligations" and shut down manufacturing.