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Adient plc (Formerly Automotive seating business division of Johnson Controls Inc.) 49200 Halyard Drive Plymouth, MI 48170 USA Major Parts Suppliers image
American Axle & Manufacturing Holdings, Inc. One Dauch Drive, Detroit, MI 48211-1198, USA Major Parts Suppliers image
Aptiv PLC (Formerly Delphi Automotive PLC) 5725 Delphi Drive, Troy, Michigan 48098-2815, USA Major Parts Suppliers image
BorgWarner Inc. 3850 Hamlin Rd, Auburn Hills, Michigan, 48326, USA Major Parts Suppliers image
Bosch (Robert Bosch LLC) 38000 Hills Tech Drive, Farmington Hills, Michigan 48331 USA Major Parts Suppliers image
Bridgestone Americas, Inc. 200 4th Avenue South Nashville, TN 37201, USA Major Parts Suppliers image
Cooper-Standard Holdings Inc. 40300 Traditions Drive, Northville, Michigan 48168, USA Major Parts Suppliers image
Cummins Inc. 500 Jackson Street, Columbus, IN 47201 U.S. Major Parts Suppliers image
Dana Incorporated (Formerly Dana Holding Corporation) 3939 Technology Drive, Maumee, OH 43537, USA Major Parts Suppliers image
Dayco Products LLC (Division of Mark IV Industries, Inc.) 16000 Common Road, Roseville, MI, 48066, USA Major Parts Suppliers image
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Feb 19, 2024

On February 15, Point2 Technology, a provider of ultra-low-power, low-latency mixed-signal SoC solutions for multi-terabit interconnect, announced a USD 22.6-million Series B extension from Bosch Ventures and Molex, with participation from other investors.

The surge in AI infrastructure investment is expected to drive up data center capital expenditure leading to a surge in the data center switch market, where the integration of Point2 interconnect chips is set to revolutionize connectivity. 

Point2 is also partnering with Molex to commercialize its E-Tube technology, a scalable interconnect platform that uses RF data transmission over plastic dielectric waveguide to enable multi-terabit active cables with 80% lower weight and 50% less bulk than copper cables.

(Point2 Technology on February 15, 2024)

Feb 17, 2024

GM CEO Mary Barra vows to rectify issues, glitches in 2024 

On February 15, CEO Mary Barra told investors at the Wolfe Research Global Auto and Auto Tech Conference what her focus would be on in 2024, and her wish that the company had spent “more time in planning and risk assessment" in 2023.

Barra said GM will continue to deliver big volume sales and profits from its ICE vehicles, but is working to hit its EV profitability goals in the second half of 2024 and into 2025.

She acknowledged that GM had problems assembling battery cells into the battery modules, but has since fixed its battery module production, and now must flawlessly execute EV production.

Launches of the Chevrolet Equinox EV, Chevrolet Silverado EV RST and GMC Sierra EV Denali pickups have all been delayed by a few months for engineering changes, but are expected this year.

Software glitches had resulted in large numbers of Chevrolet Colorado and GMC Canyon midsize pickups to be parked on quality hold near GM's Wentzville Assembly plant while the company sorts out problems, and the stop-sale order of the Chevrolet Blazer EV is now approaching the two-month mark.

GM hired Mike Abbott, former VP of Engineering for Apple’s Cloud Services division, as executive vice president of Software in May 2023, who hired people from Google, Apple, Meta and many tech companies. “We’ve already revamped the software development process and more importantly the validation process,” said Barra, who wished she had made the move long before. 

Barra said GM must relaunch Cruise with better relationships with regulators and the communities it is in, especially since last fall after a Cruise self-driving car dragged and pinned a pedestrian, among other mishaps in San Francisco.

(Detroit Free Press article on February 15, 2024)

Feb 17, 2024

On February 15, among other things at Wolfe Research Global Auto Conference in New York, Ford CEO Jim Farley discussed his company’s EV strategy going forward, concentrating on smaller, lower priced EVs and electric work vehicles such as pickup trucks and full-size vans. 

Ford has shifted its electric vehicle strategy to concentrate on smaller, lower-priced EVs and electric work vehicles such as pickup trucks and full-size vans, Farley said. Any EV larger than a Ford Escape small SUV “better be really functional or a work vehicle.”

A small team within the company is developing the underpinnings of a less costly smaller vehicle, which Farley says needs to be profitable in the first 12 months, helped by U.S. federal tax credits as high as USD 7,500 per vehicle.

He gave no time frame for the small EV to come out, but said Ford's next generation of electric vehicles would come in the 2025 through 2027 time frame.

Farley said he sees EV battery prices coming down with more competition as production capacity has increased, and said the company may go with a common cylinder-shaped battery cell to leverage purchasing for better prices, which Ford might do along with another automaker.

(Detroit News article on February 15, 2024) (Detroit Free Press article on February 15, 2024)