Automotive

Gone are the days of suppliers touting major new factory investments for electric vehicle parts and their potential for growth in new markets and segments.

Plastics automotive parts suppliers will need to be on top of their games in the years ahead to deal with the uncertainties of a changing market.

For the most part, auto makers are not meeting consumer expectations for EVs, according to a report by Boston Consulting Group.

Injection molder Heyco-Werk USA Inc. is investing $12.75 million to build a new 65,000-square-foot manufacturing facility in North Carolina.

Collin Shaw, the manufacturers association's chief commercial vehicle officer and COO for its Original Equipment Suppliers group, will succeed Fream on April 1.

Stellantis NV and a pair of tier one automotive suppliers have been granted permission to take over the tooling from a bankrupt supplier to avoid "enormous losses" from shutting down vehicle assembly lines.

Kia's latest EV concept cars, the recently revealed EV3 crossover and EV4 sedan, showcase the South Korean automaker's push to generate an eco-friendly brand image through interiors using natural materials, plant matter and even recycled ocean trash.