|
|
March 4 · Issue #264 · View online
Weekly highlights of the events that impact supply chain risk within the automotive industry.
|
|
|
|
|
|
|
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 Company
- Jim Farley - President and CEO
- John Lawler - Chief Financial Officer
- Stuart Rowley - Chief Transformation & Quality Officer
- Hau Thai-Tang - Chief Industrial Platform Officer
Ford Model e (EV division)
- Lisa Drake - Vice President, EV Industrialization
- Jim Farley - President
- Doug Field - Chief EV and Digital Systems Officer
- Marin Gjaja - Chief Customer Officer
- Darren Palmer - Vice President, Electric Vehicle Programs
Ford Blue (ICE & Hybrid division) - Kumar Galhotra - President
Ford Pro (Commercial & Government) Lincoln Ford China - Anning Chen - President and CEO
Ford Drive (Formerly Ford Smart Mobility) Ford Credit - Marion Harris - President and CEO
|
This week, GM named Jeff Morrison as its new head of purchasing and supply chain. They also announced Kyle Vogt as the new CEO of its self-driving subsidiary, Cruise.
|
|
|
|
|
|
BMW is investing $200M into expanding its operations in Spartanburg, South Carolina, with a new press shop. The new shop will create 200 jobs.
|
|
|
|
Volvo announced it is stopping vehicles sales in Russia due to EU and US sanctions. Russian sales account for 1% of Volvo’s total in 2021. To watch: China’s President Xi Jinping is one of the few world leaders that hasn’t distanced themselves, and a Chinese conglomerate owns Volvo.
|
|
|
|
Customers have filed a class-action suit against Hyundai and Kia, claiming that a defective anti-lock brake system can start fires. Despite the automaker recalling the cars early last month, the lawsuit alleges that the fix is “only a Band-Aid.”
|
|
|
|
|
|
|
Due to a Ukrainian supply disruption, Mercedes-Benz will drop production at some plants next week. The automaker added that it is working with suppliers to find alternate sources for parts made in Ukraine.
|
Audi also announced it is cutting production due to the lack of wire harnesses from Ukraine. Its Ingolstadt and Neckarsulm plants in Germany will shut down starting March 7.
|
|
|
Sixteen US states and ethanol producers have filed a petition challenging the stricter vehicle emission regulations of the EPA. They say the rules, which take effect in 2023, “effectively mandate the production and sale of electric cars rather than cars powered by internal combustion engines.”
|
|
|
Two of VW’s plants in Germany shut down this week due to parts disruptions related to the crisis in Ukraine. The company could no longer receive wiring harnesses from its Ukrainian supplier. Its Zwickau plant was offline starting March 1, and its Dresden facility shut down on March 2. Of note: the Zwickau plant had been building 1.2k ID.4 EVs per day.
|
|
Ford suspended their operations in Russia this week due to a reaction to the country’s invasion of Ukraine. The automaker added that they are “deeply concerned about the situation in Ukraine.”
|
|
|
Toyota halted production across 14 of its Japanese plants for one day last week after their supplier Kojima Industries suffered a cyberattack.
|
This week, Ford halted F-150 production at its Kansas City, Missouri plant due to the global semiconductor shortage.
|
|
|
Canada’s auto suppliers are pushing back on Stellantis’ new purchasing terms that place all risk on the suppliers themselves. The updated purchase order terms took effect for new contracts on January 1.
|
A cargo ship carrying around 4,000 VW vehicles caught fire and sank into the ocean this week. The boat was about 220 nautical miles off Portugal’s Azores Islands coast.
|
Did you enjoy this issue?
|
|
|
|
In order to unsubscribe, click here.
If you were forwarded this newsletter and you like it, you can subscribe here.
|
|
Elm Analytics, LLC - 280 Mill Street, Suite A, Rochester, Michigan 48307 USA
|