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May 27 · Issue #276 · View online
Weekly highlights of the events that impact supply chain risk within the automotive industry.
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Elm Analytics’ Tor Hough is in the news!
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BMW North America has named Marcus Casey as its new head of US marketing and Raymond Wittmann as its new CFO. Both appointments take effect on September 1.
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Christopher “CJ” Moore is moving from his management position on Apple’s vehicle team to Luminar. Previously director of Autopilot at Tesla, Moore is one of a series of Apple managers that have left within the past two years.
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Qichao Hu, CEO of solid-state battery startup SES AI:
“A senior battery engineer in the US sometimes can cost as much as a CFO. This whole industry now, it’s not sustainable, from people to raw materials.”
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Ford has agreed to pay $19.2M to settle allegations of falsely advertising fuel economy ratings and payload capacity for certain pickups and hybrids.
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Samsung SDI and Stellantis have formed a JV to build a 23/33GWh battery plant in Kokomo, Indiana.
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Lear is buying IG Bauerhin (IGB), based in Gruendau-Rothenbergen, Germany. IGB produces seat and steering climate control modules, providing Lear with an active cooling offering.
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Britishvolt will spend $38.6M to acquire German battery cell maker EAS. EAS has been developing and producing large-format cylindrical lithium-ion cells for 25 years.
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Hyundai announced that it plans to invest over $10B into the US by 2025. The investment aims to accelerate innovation and mobility electrification.
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Hella and Minth Group have opened a new JV plant in Jiaxing, China. It is the JV’s second plant in China, and it produces absorbent covers for radar systems.
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- ⬆Toyota
- ⬆ Honda
- ⬆ GM
- ⬇ Ford
- ⬆Nissan
- ⬇ Stellantis
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Last week’s Stellantis contract wording changes with suppliers may not be a 100% win. The company walked back North American changes but kept its global terms in place. Lawyers at Foley & Lardner encourage suppliers to closely review issues around:
- intellectual-property
- regulatory compliance costs
- stated place of origin accuracy
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19-year-old Tesla hacker David Colombo:
“Automakers are consciously ignoring car safety vulnerabilities…I, as a 19-year old with free time, was capable of hacking right into a Tesla fairly simply. Like me, there are a whole lot of hackers who can do this.”
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Speaking on the sidelines of the World Economic Forum in Switzerland this week, VW CEO Herbert Diess said he sees “clear improvement” in semiconductor supplies. Additionally, Diess added that VW’s supply chain disruptions in Ukraine have lessened.
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