Kurt Nagl Crain's Detroit Business reporter covering auto suppliers and manufacturing. See All Staff Page Recent Stories GM, Stellantis give $15 million lifeline to insolvent supplier General Motors, Stellantis and Yanfeng Automotive Interior Systems agreed to bail out the insolvent supplier with price increases and investment of up to $15 million to tide over the company until it sells itself and restructures. Bosch names leader for Americas mobility unit Bosch plans to revamp its mobility unit in pursuit of $88 billion in global revenue by 2030. Inside Our Next Energy's new metro Detroit battery plants Automakers relinquish control to suppliers in race to EVs Manufacturers are meddling less in the business of traditional suppliers as they scramble to secure their battery supply chains. Crash-testing pioneer, wife killed Bob Denton founded Humanetics Innovations Solutions, which provides many of the crash test dummies used by automakers and safety regulators. Auto industry evolution inspires new direction at seating supplier Adient It's no longer about growing market share at all costs, or winning every contract no matter the value proposition, Adient CEO Doug Del Grosso says. BorgWarner Q1 profits take a hit from electrification R&D, inflation Lear to close 2 Detroit plants in footprint consolidation move The move will impact 558 employees, but the company has "offered to transfer and to continue to employ nearly all of the affected employees" at a new plant in Detroit. Adient's Q2 revenue grows, but headwinds hurt profits The automotive seating supplier saw revenue rise 11 percent year over year to $3.9 billion, though it finished the quarter $15 million in the red. German hydrogen truck maker plants its North American flag in Michigan German manufacturer Quantron AG is setting up its North American base in Auburn Hills, Mich. with plans to plug into what it considers the next frontier of clean mobility: hydrogen. Rising debt costs crimp cash flow at automotive suppliers Plastics supplier to Rivian, Bosch, others faces insolvency Unique Fabricating is facing insolvency after failing to make loan payments and dealing with allegations of improperly reporting finances, on top of being investigated for alleged labor rights violations in Mexico. Magna Seating plans $100 million plant to serve GM in suburban Detroit New plant stems from new business from GM; the jobs will be UAW-represented. American Axle considers $460 million EV supplier park, 1,110 jobs in Detroit The plan, called Project Orb, involves the redevelopment of the 50-acre former manufacturing property near the automotive supplier's campus near downtown Detroit. BorgWarner to invest $20.6 million, create 186 jobs in metro Detroit BorgWarner is looking to set up new EV labs, scale up manufacturing of its DC fast chargers and increase output of battery packs, Load More
Kurt Nagl Crain's Detroit Business reporter covering auto suppliers and manufacturing. See All Staff Page