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Gentex auto supplier hit by ransomware attack

According to TechTarget, a Dunghill operator reached out with a link to what the group claims is 5 terabytes of sensitive corporate data from Gentex, including client documents and personal employee information. The report indicated…

Geely doubles stake in Aston Martin

Aston Martin said Geely Automobile Holdings had committed to invest about 234 million pounds ($295 million) in the British luxury automaker, making the Chinese automotive group its third largest shareholder. As part of the transaction,…

Battery recycler Cirba Solutions plans expansion

WIXOM, Mich. — Cirba Solutions, a new battery recycler formed from companies with decades of industry experience, plans to expand its electric vehicle battery recycling business sevenfold in the next few years. The key to Cirba Solutions'…

Elon Musk reverses course on Tesla advertising

SAN FRANCISCO -- Tesla Inc. boss Elon Musk, who has never used traditional advertising to sell cars, said that the automaker would try it and see whether it produced results. Musk said it was "ironic" that as CEO of Tesla, he now owns…

Elon Musk to meet Macron at French conference

PARIS – Elon Musk will meet French President Emmanuel Macron and other political leaders on Monday at a business conference close to Paris, the Elysee Palace said, confirming earlier media reports. The Tesla CEO, who bought social network…

Why automakers are meddling less with top suppliers

Wrestling over control of the supply chain created friction between suppliers and automakers, which boiled over when the pandemic sparked a supply chain crisis. Suppliers bore most of the pain, but it also gave them more negotiating power…