Gentex swings to $86.5 million profit in Q2, signaling strong quarter for suppliers
Strong profits generated by Gentex and Nemak signaled that North American auto suppliers will likely report robust financial results for the second quarter.
Lucid clinches SPAC deal with 11th-hour appeal to shareholders
The combined entity will be renamed Lucid Group and trade under the symbol LCID at the start of next week.
Stellantis eyes Canada for battery plant; forecaster says Brampton a possibility
Stellantis CEO Carlos Tavares said the automaker is considering Canada as home to one of two battery plants the company plans to build in North America.
U.S. and Mexico fail to resolve dispute on trade rules for light vehicles
U.S. Trade Representative Katherine Tai and Mexican Economy Minister Tatiana Clouthier discussed the topic in Washington but couldn’t reach a resolution.
ZF shock absorber parts plant in Germany to be impacted for months due to flooding
Water from the Ahr River rose more than 6 feet in the suspension parts plant, causing damages in the millions of dollars. No workers were injured.