John Irwin See All Staff Page Recent Stories Supplier ramp-up, recovery from UAW strike could be rocky Suppliers avoided the worst-case strike scenarios, but the financial ripple effects of the strike are likely to last for some time. Magna Q3 earnings rise as company raises outlook despite UAW strike 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. The latest numbers on the microchip shortage: China, Europe hit hardest 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 debuts new seating material that's 100% recyclable 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. How AI could innovate parts purchasing 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. The latest numbers on the microchip shortage: North America loses most 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. Suppliers urge price concessions from automakers as UAW strike hits finances 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. Software-defined vehicles could upend traditional automaker-supplier relationship, report finds 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. Despite uncertainty, supplier spending surges to meet EV, AV demand 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. Magna sees EV battery enclosures generating US$2.5 billion in sales by 2027 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. The latest numbers on the microchip shortage: 2023 cuts top 2 million 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. Tool-and-die makers brace for big business amid ‘unprecedented' wave of EV launches 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. The latest numbers on the microchip shortage: Chip supply crimps N. America Automakers cut 49,330 vehicles from production plans at their North American factories this week because of the microchip shortage. The latest numbers on the microchip shortage: Cuts continue, but outlook improves 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 are rushing to secure sources of new silicon carbide chips 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. Load More