Kurt Nagl

A bitter, nearly three-year dispute between the country’s largest Black-owned automotive supplier and the nonprofit group attempting to strip its minority status is set for a trial likely to have significant business implications — whatever the outcome.

Quality Team 1, a Detroit-based vendor to Magna and other automotive suppliers, has filed for bankruptcy with more than $5 million in liabilities.

The technology was developed by Israeli startup Electreon and deployed with financial backing from the Michigan Department of Transportation.

Qilin, a ransomware operation known to breach firms in critical sectors via phishing emails, added Yanfeng to its extortion portal Monday.

The suburban Detroit battery manufacturer slashed its salaried and hourly work force by 128 employees in a move to “focus on core priorities.”

The project in Marshall, Mich., is now expected to create 1,700 jobs, a 32 percent reduction from the 2,500 announced previously.

Four automotive suppliers are planning to close plants and lay off nearly 500 workers in southeast Michigan, according to several WARN notices filed with the state.

ONE’s agreement with General Electric’s sustainable energy arm underscores stationary utility-grade energy storage as a major part of the battery maker’s business.

Stellantis confirmed a disruption in this statement: "Due to an issue with an external supplier, production at some of Stellantis’ North America assembly plants has been disrupted."

Stellantis, suppliers take over tooling from bankrupt supplier to avoid "enormous losses" from shutting down vehicle assembly lines.

It became clear that Michigan would not win the project in the summer, when Stellantis announced it would again partner with Samsung SDI for the new plant, according to a source with knowledge of the deal.

In May, GM, Stellantis and Yanfeng agreed to bail out the insolvent supplier with price increases and an investment of up to $15 million to tide over the company.

The new location in Detroit is expected to employ about 80 people when production launches in the first part of next year, but that number could increase depending on contract wins.

Adient plc saw fourth-quarter net income surge and sales tick up as the seating supplier swung to profitability for the full fiscal year and as it prepares for new leadership.

Doug Del Grosso, who took the top job in 2018, will resign effective Dec. 31 and give up his membership on the board. CFO Jerome Dorlack will step into the leadership role.