John Irwin

The CEO at a Tier 1 supplier told an industry conference this month that several of his smaller European subsuppliers have recently gone bankrupt. "I think every week we have a bankrupt subsupplier in Europe," he said.

Forvia, the supplier formed by Faurecia's acquisition of Hella this year, came into being in large part because of Faurecia's need to add more software engineers to its ranks.

The supplier will look like a different company as it adapts to electrification and increased automation, CEO Stefan Hartung said.

Magna reported a loss in the second quarter as the supplier grappled with higher commodities and energy costs and the impact of the Ukraine war.

Suppliers are still bearing the brunt of increased material costs and supply chain shortages since at least last year, even as sales grew.

The Einride Pod will be remotely monitored by a human operator, while transporting goods on public roads with mixed traffic.

Automakers and suppliers are creating oceans of new data that need to be managed and analyzed. Who better to partner with than Google, Microsoft, Amazon and other global giants of cloud commerce?

Two years of disruptions caused by the pandemic, the microchip shortage and a wide range of supply chain challenges are prompting automakers and suppliers to pursue a better sense of where their parts are.

Despite worldwide headwinds making life difficult for auto suppliers, Bosch is seizing the moment to invest in North American plants.

The investment in Group14 Technologies comes after Porsche raised its EV sales targets for 2030 to more than 80 percent of global deliveries.

Magna reported that net income plunged 41 percent to $364 million in the quarter ended March 31, down from $615 million in the same period a year earlier.

German auto production has been heavily impacted components shortages caused by the Ukraine war.

Many of the companies that have moved operations outside of Ukraine or Russia might not be quick to return.

Continental says its Collective Perception system can allow vehicles to pull together image data from other vehicles and infrastructure sensors to improve a driver's field of sight.

Russia is considering seizing the assets of companies that have left the country in response to its invasion of Ukraine, putting billions of dollars in automotive assets at risk.