Leoni says Ukraine output of wire harnesses nearly at prewar levels
The German supplier was forced to halt production of the critical components at two factories in western Ukraine after Russia invaded the country.
Toyota breaks profit records as it shrugs off pandemic, semiconductor shortage
Toyota recorded all-time highs for revenue, operating profit and net income as global group sales advanced 7.6 percent to 8.23 million vehicles in its latest fiscal year.
Stellantis names new global purchasing boss, shuffles key Europe posts
Maxime Picat, now head of Enlarged Europe, will lead global purchasing, replacing Michelle Wen. He is expected to “create trusting relationships with suppliers.”
Shift reduces corporate positions by 10%, pauses Las Vegas expansion
Online used-vehicle retailer Shift Technologies said it will focus on balancing growth and profitability in 2022.
VW to revive Scout as electric SUV, pickup in U.S.
VW is targeting sales of up to 250,000 Scout-branded models annually in the U.S., The Wall Street Journal reported, with output slated to begin in 2026.