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February 25 · Issue #263 · View online
Weekly highlights of the events that impact supply chain risk within the automotive industry.
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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.
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Nikola has named Michael Lohscheller, the former CEO of Opel and head of VinFast, its new president.
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Tesla will invest more into its Shanghai gigafactory to increase vehicle production. The plant finished 2021 with an annual production rate of over 800k vehicles.
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Bosch is investing $282.5M into expanding chip production in Reutlingen, Germany. The investment is in addition to $56M earmarked for the plant last year.
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While Mercedes-Benz expects only to be producing EVs by the second half of this decade, they plan to steer clear of building EV-only plants for now to maintain flexibility.
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GM and its self-driving unit, Cruise, are petitioning US regulators to build and deploy self-driving vehicles without human controls. The automaker added that they plan to start producing its new Cruise Origin vehicle this year.
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Apollo Global Management is buying Tenneco and taking the company private in a $1.6B deal. The company has faced headwinds, including the acquisition of Federal-Mogul and management turmoil.
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In addition to the investment in their existing gigafactory, Tesla is also planning a whole new plant in Shanghai. The plant would double its production capacity to around 2M vehicles per year.
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Rivian’s planned EV plant in Georgia has drawn local pushback. Area residents’ traffic and environmental concerns threatened to delay construction. The state of Georgia stepped in and recently purchased the land for the plant. By consolidating zoning and compliance processes, they hope to address community concerns and Rivian’s timeline.
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Magna and Land Manufacturing Group are forming a new $18M JV to open a new seating plant in Detroit. The plant, to be opened at the former Sakthi Automotive Group site, will create 390 jobs and produce seats for Ford trucks and SUVs.
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Stellantis’ Windsor, Ontario, minivan plant is extending production. The move from two shifts to one has been pushed back from spring to summer.
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Renault, Stellantis, and VW are evaluating how sanctions could affect their Russian facilities.
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