American Axle's Q1 net income plunges
American Axle & Manufacturing Holdings Inc.’s first-quarter net income plummet while it tries to manage supply chain volatility and the longer-term challenge of electrification.
Tenneco reports lower Q1 earnings as it prepares for sale
Tenneco is in the process of being purchased by investor Apollo Global Management Inc. in a $1.6 billion deal projected to close in the second half of 2022
CATL scouting U.S. sites for EV battery output to serve Ford, BMW, report says
CATL is in talks to open U.S. plants that would serve BMW and Ford; potential sites include South Carolina and Kentucky, Reuters reported.
Tesla targets pre-lockdown output at Shanghai factory by mid-May
Tesla aims to hike output at a Shanghai assembly plant to 2,600 EVs a day starting May 16, according to an internal memo reviewed by Reuters, as it seeks to restore production to levels before the city locked down to control COVID-19.
Jeep making inroads on both ends of lineup
The utility brand’s first-quarter performance helped Stellantis increase net revenue in North America 30 percent to $21.7 billion.