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Honda regains its top-five spot in the latest National Automobile Dealers Association’s Dealer Attitude Survey, following an unusual drop to No. 6 in a previous survey.

Jeff Chou, from tech startup Sonatus, and John Robb, president of the Hyundai America Technical Center, told the Automotive News Congress that OEMs’ traditional procurement procedures need a rethink when it comes to software suppliers and the value they bring to the vehicle.

Auto supplier BorgWarner Inc. will spin off its fuel systems and aftermarket segments into a separate, publicly-traded company.

After the spin-off, the legacy BorgWarner would consist of two units, its electric propulsion and drivetrain division and air management segments. It’s unclear whether the legacy unit or the new unit will move from its Auburn Hills, Mich., headquarters. The combined company employs roughly 49,000 in 22 countries.

The electric propulsion unit manufactures electric motors, power electronics, control modules and software, among other components. The air management segment consists of a turbocharger unit and also emissions and thermal systems as well as battery charging units.

The tax-free spin off is intended to be completed in late 2023, the company said Tuesday. Following the completion, current BorgWarner shareholders would own shares in both companies.

The move is designed to untether the company’s legacy internal combustion engine units from the growing electric vehicle segment as automakers continue to double down on an EV future. read more

Electric vehicles battery makers will need to respond to climate change and sustainability goals by disclosing their carbon footprints and reducing the use of rare metals, according to a senior executive at Panasonic’s battery unit.

The event honored those who made significant contributions to the industry in a challenging year.