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How the CHIPS Act could help the auto industry

The bill comes 18 months into a disruptive global microchip shortage that has crimped auto production worldwide and sent average vehicle transaction prices soaring. Automakers have cut 13.5 million vehicles out of their factory schedules…

Jump in the pool while you charge up, Tesla says

A video posted by the Tesla Welt Podcast last week showed the pool in the process of being installed. "No, I'm not kidding. Tesla is actually building a pool here," David, the podcast's host, said in the video. "I think this is an awesome…

Auto industry forecasting is suddenly really tough

"A lot of Tier 2, Tier 3, smaller suppliers have thrown contracts out the window and said, 'This is what you've got to pay or you won't get the parts,' " said Pat D'Eramo, CEO of Martinrea, a supplier of metal parts, assemblies and…

Cooper-Standard earnings: Q2 revenue sees an uptick

Cooper-Standard Holdings Inc. posted higher revenue and a narrower net loss in the second quarter because of improving global market conditions and easing inflation pressures, the company said in an earnings report Thursday. The Michigan…

American Axle: 2Q profit slips

American Axle & Manufacturing Holdings Inc. took another supply chain-related hit to its bottom line in the second quarter but offered a better-than-expected financial outlook through the end of the year. Gross profit fell 9 percent to…