John Irwin

Austrian lighting and sensor supplier AMS Osram sees increased revenue from advanced LED technology as one of the key pillars of its financial turnaround, its CEO said.

Australian carbon-fiber wheel supplier Carbon Revolution plans to open a North American factory in the coming years that would be capable of producing hundreds of thousands of wheels annually.

The ramp-up of parts production after the UAW strike will test the financial viability of smaller suppliers in the coming months, industry experts said.

Suppliers and economists said reduced immigration levels are contributing to a labor shortage that is putting a squeeze on the supply base.

China is the world's dominant source for the graphite used in electric-vehicle battery anodes — and it will soon place restrictions on the export of the material, leaving companies scrambling to find for new sources.

Mahle took inspiration from nature in designing its new bionic battery cooling plate, which it says increases cooling performance by 10 percent over a standard version.

Geely-linked digital cockpit supplier ECARX is "on track" to break even as it rolls out new products and expands its reach to new vehicles, said John Marcus, the company's president of international.

The increasingly murky timeline for the shift to EVs will require automakers and suppliers to become more transparent with one another as launch dates shift and huge amounts of capital are deployed.

Suppliers avoided the worst-case strike scenarios, but the financial ripple effects of the strike are likely to last for some time.

Magna reported a 36 percent year-over-year boost in third-quarter earnings as a more stable global supply chain more than offset the initial impact of the UAW strike.

Aptiv CEO Kevin Clark told analysts the supplier is "well-positioned" for future growth despite headwinds in the market.

Automakers cut 141,506 vehicles from their global production plans over the past five weeks because of the microchip shortage, according to the latest estimate by AutoForecast Solutions.

Battery materials company Epsilon Advanced Materials will spend $650 million to open a factory in North Carolina, the first investment by an Indian company in the growing U.S. market for EV battery components.

Third-quarter earnings reports released by publicly traded suppliers in the coming days will provide a glimpse into how the UAW strike, slowdowns at the U.S.-Mexico border and other supply chain challenges are impacting supplier finances.

As the UAW strike against the Detroit 3 enters its sixth week, suppliers are cutting back on capital expenditures and warning that many smaller Tier 2 and Tier 3 parts makers could soon be approaching a financial tipping point.