Suppliers
Stellantis will pay $163 million to Faurecia as part of the deal for a share of Symbio, a hydrogen fuel cell joint venture that also includes Michelin.
Automakers aim to reduce the industry's carbon footprint. But whether they're successful will come down in large part to whether their suppliers cut down on theirs.
As automakers push suppliers to reduce their carbon footprints, the companies are responding by setting targets of their own and coming up with new products and manufacturing processes to cut down on emissions.
With the opening of the six-month consultation period for the proposed fluorochemicals restriction, the European Chemical Agency is calling for scientific and technical information on fluorinated chemicals.
The oil and gas market should be in for a relatively stable time for the foreseeable future, according to Neil Mendes, CEO of Alpine Polytech LP.
While the first quarter of 2023 has turned out to be challenging for Cabot Corp., the specialty chemicals and performance materials company still managed to sculpt some success along the way.
The increase of full-electric and hybrid models is adding to the complexity of the work that program managers handle at supplier factories — leading to higher costs and missed timelines.
According to a PwC analysis, 42 percent of suppliers reported some level of financial distress in the first half of 2022, up from 27 percent in 2021. That figure nearly matches the 45 percent of suppliers who reported financial distress in 2020 when the first wave of the COVID-19 pandemic shut down auto manufacturing.
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