As part of the turnaround plan, Marelli is seeking the cancellation of about 450 billion yen ($3.5 billion) in debt, out of obligations of about 1.13 trillion yen, Bloomberg reported.

The comment comes after the automaker said a parts shortages would cost it 14,000 vehicles in lost production in December.

The quake triggered a tsunami, caused blackouts as far away as Tokyo, derailed the country's famed bullet train and buckled highways that serve as critical supply arteries.

Marelli is seeking the cancellation of about 450 billion yen ($3.3 billion) in debt out of total obligations of about 1.13 trillion yen, as part of a wider restructuring, sources say.

The automaker is recalling 16,430 F-150s in the U.S. manufactured with the SuperCab body style.

Mazda will suspend production at its two domestic factories for two days in April as factors including a rise in COVID-19 cases in China cause supply disruptions.

Auto suppliers in Japan are confronting a dilemma as the industry pivots away from the combustion engine: Either make the shift too, or find new business.

Any long-term interruption at the chipmaker could broadside a global automotive industry already reeling from a worldwide semiconductor shortage that has hammered production and sales. Renesas is assessing the impact on equipment and products, as well as the safety of the facilities and the condition of clean rooms.

Attacks on automakers, suppliers and dealerships highlight risk of ripple effects.

Tesla says the battery will store more energy, halve battery costs and drive a 100-fold increase in battery production by 2030.

The automaker this month will suspend output at all but one plant in North America — putting more pressure on dealers with historically low inventories.

David Slump succeeds Beda Bolzenius at the helm of the Japan-based lighting and sensor maker. Marelli is wholly owned by KKR, which is targeting a position among the top global suppliers.

The supplier, previously owned by Fiat Chrysler Automobiles, carried at least $9.5 billion in total debt as of September, sources told Bloomberg. Marelli is the world's 18th largest auto supplier.

Bosch says it will buy Atlatec, which creates high-resolution 3D maps for use in vehicles equipped with Level 3 or Level 4 automated technology. The company employs 25 people in Germany, Japan and the U.S.

Advances in electric vehicles, EV batteries and recharging, automated driving and more have made it to the finalist phase of the 2022 Automotive News PACE Awards.

The office expansion began in 2021 following the company's announcements of its advanced driver-assistance system lidar series production award with GM.

Mercedes, which did not disclose the location of Envision's new U.S. cell factory, also flipped the switch on a new battery assembly plant located on 270 acres near its vehicle factory.

Envision AESC was one of the industry's first EV battery producers. Now it's committing $2 billion to boost its U.S. market presence.

For 2022, the IHS Markit light-vehicle production forecast was cut by 9.3 percent, or about 8.4 million vehicles.

The Japanese company better known for its motorcycles and sharing historic ties with music instrument maker Yamaha Corp. is crafting a range of soundscapes to replicate the noise an internal combustion engine vehicle makes upon acceleration.

The $1.3 billion plant will eventually make batteries for as many as 1.2 million hybrid, plug-in hybrid and BEVs per year, the automaker said.

The key Chinese suppliers informed Apple sometime in the past two months that they were not able to meet the tech giant's requirements for a planned EV, Reuters says.

CEO Ola Källenius, speaking during the company's opening of its first U.S. EV battery factory, also affirmed the company's 2022 financial outlook remained in place despite the conflict.

Suppliers representing 90 percent of the automaker's purchasing volume will supply CO2-neutral parts.

Tesla is working with suppliers, including partner Panasonic, on a bigger cylindrical battery cell to increase efficiency and reduct cost. In fact, Tesla is already making some of the 4680 cells on its own.