A key lithium producer in Australia is urging electric car manufacturers and battery makers to partner in new refinery projects, to avoid shortfalls of the material that’s crucial to the clean energy transition.
The automaker plans to keep gas-powered cars as a key part of its lineup, rejecting efforts by rivals to go fully electric amid concerns over how quickly consumers will embrace new technologies.
Europe’s biggest carmaker, said that relocation of production capacity for some component makers is among options in the medium term if gas shortages last much beyond this winter.
Companies like Nikola, Volvo and Daimler Truck are pursuing both battery-electric rigs and vehicles powered by hydrogen fuel cells, in a costly bet on two technologies.
The company said inflation is pushing supplier costs $1 billion higher than expected in the current quarter, joining the chorus of major corporations warning about challenges rippling through the economy.
Traton SE is disposing of the sales and financing operations of its MAN and Scania truck-making businesses in Russia, expecting an additional charge of as much as 550 million euros ($560 million).
Mercedes-Benz AG and Rivian Automotive Inc. are partnering to jointly build electric vans (EVs) in Europe, a potential win-win for an established manufacturer wanting to share costs, and an inexperienced company struggling to scale up.
The latest supply-chain news, analysis, trends and tools for executives in the automotive industry — which consists of companies that produce automobiles, utility vehicles, motorcycles, all-terrain vehicles and heavy trucks. Learn how automotive companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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