Automotive
Marlo Vitous, the company's supply chain vice president, is replacing Martin Horneck, who is retiring.
"The development of the past weeks has made further decisions unavoidable," Rehau officials said in announcing the sale.
Hankook Tire & Technology Co. has opened a tire testing facility the size of 125 soccer fields.
The U.S. Tire Manufacturers Association is backing a decision by the California Department of Toxic Substances Control to list 6ppd as a "priority product," opening opportunities to study 6ppd's impact on the endagered coho salmon population.
The supply chain is in for a major overhaul as longtime suppliers look to maintain their positions in the EV era, executives said at the Automotive News Congress.
Stellantis walks back the terms and conditions it forced on its suppliers at the start of the year, responding to the blowback from companies opposed to the new contracts.
As EVs rack up miles and owners shop for new tires, the selection of EV-specific replacement tires hasn't kept pace, at least in Canada and the U.S.
Cooper-Standard Holdings says it is continuing its aggressive approach to recovering incremental costs associated with inflation.
The global market for advanced driver assistance systems is projected to more than double by 2030, according to a new research report.