GM cancels deal with rare-earth magnet maker VAC as EVs sales decline
General Motors has cancelled its long-term supply agreement with German rare-earth magnet maker Vacuumschmelze (VAC), triggering arbitration, according to SEC regulatory filings from this week and a source familiar with the matter.
VAC signed a deal with GM in 2023 to supply magnets for EVs from a new USD 500-million....
VAC signed a deal with GM in 2023 to supply magnets for EVs from a new USD 500-million....
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