AUTOMAKERS & SUPPLIERS

Coverage of the design and manufacture of vehicles, automaker and supplier mergers, spin-offs and acquisitions, earnings, executive changes and partnerships.

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.

SPAC

Israeli startup REE plans 2023 production of delivery van, passenger minivan

The startup will also supply an electric chassis to automakers to underpin vehicles including trucks and buses. Stock in the company began trading Friday under the symbol "REE."

Manufacturing

GM recalls Bolts, will replace battery modules

GM plans to recall 2017-19 Bolts for the second time in less than a year after customers who completed a previous remedy continued to report battery fires.

Earnings

Valeo confirms outlook, expects chip shortage to ease

Valeo's first-half earnings before interest, tax, depreciation and amortization rose to 1.21 billion euros ($1.41 billion) from 202 million euros a year earlier, while sales rose to about 9 billion euros from 7.1 billion.