John Irwin

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-per-cent 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.

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.

Magna International debuted a new foam and trim product line for vehicle seats that is 100-per-cent recyclable, helping automaker customers reach sustainability targets and keeping seating materials out of landfills.

Artificial intelligence could improve the auto parts purchasing process, making it quicker and more efficient for automakers and suppliers still grappling with supply chain shortages.

Automakers have cut about 63,400 vehicles from production schedules since the start of the month, mostly in North America, according to a new estimate.

The UAW's strike against the Detroit 3 has made an already precarious financial situation for many suppliers even more fraught — and the automakers might be in part to blame, industry experts said.

The growth of software-defined vehicles is set to upend the traditional relationship between automakers and suppliers, according to a report released today by Deloitte.

Suppliers such as Hyundai Mobis, Denso, Magna and Robert Bosch are among those to have recently announced major investments in their manufacturing and R&D capabilities.

Diversified supplier Magna International Inc. said today it expects to generate US$2.5 billion in annual revenue from electric vehicle battery enclosures by 2027, up from US$100 million in 2022.

Companies removed 56,199 vehicles from factory schedules this week because of a lack of semiconductors, AutoForecast Solutions said, pushing its year-to-date estimate of eliminated vehicles to about 2.04 million.

Automotive tool-and-die companies could be in a stronger position in the coming years as automakers launch more than 130 new electric or hybrid models and redesign internal combustion mainstays.

Automakers cut 49,330 vehicles from production plans at their North American factories this week because of the microchip shortage.

More than 80,000 vehicles were removed from automakers' production schedules this week, but future cuts on a "grand scale" are likely over, according to AutoForecast Solutions.

Suppliers around the world are betting big on silicon carbide microchips being the key to automakers hitting ambitious EV targets, spending billions of dollars to secure a supply of them or even to make their own.