Michigan Resident and Heavy-Duty Diesel Parts Supplier Indicted for Conspiracy to Violate the Clean Air Act
According to the indictment, between at least June 5, 2017 and March 27, 2019, HHP and Offringa conspired with a diesel truck operator in Fultonville, New York, and others, to remove, delete…
North Jersey Drug Supplier Heading to Prison for Dealing Deadly Dose of Fentanyl
PEQUANNOCK TOWNSHIP, NJ – David Pezak, a 35-year-old former resident of Saddle Brook in Bergen County, has been sentenced for his role in a fatal drug overdose. Morris County Prosecutor Robert J.…
Aerospace supplier Triumph to sell its components aftermarket business for $725 million
(Reuters) – Aerospace supplier Triumph Group said on Thursday it would sell its components aftermarket business that makes structures, airframes and engine accessories to AAR Corp for $725 million, sending its shares…
Toyota’s October global output hits record despite supplier accident
TOKYO (Reuters) – Toyota Motor said on Wednesday its October global vehicle production hit a record for that month, helped by an easing of the semiconductor shortage and defying the impact of…
Former General Motors Manager Found Guilty of Conspiring to Receive Bribe from Foreign Parts Supplier Seeking Contract
LOS ANGELES – A former manager at General Motors was found guilty by a jury today of conspiring to solicit and receive a $5 million bribe from a South Korean company in…
Tesla faces pressure in Sweden as workers at supplier to strike
STOCKHOLM (Reuters) – Tesla is facing growing pressure in Sweden from unions backing mechanics demanding a collective bargaining agreement with the U.S. carmaker, with workers at one of its suppliers set to…
Apple supplier Luxshare to invest $330 million more in northern Vietnam
HANOI (Reuters) – Apple supplier Luxshare Precision Industry Co has been awarded a license to invest an additional $330 million in its plant in Vietnam’s northern province of Bac Giang, raising the…
Tesla falls as production cut by battery supplier Panasonic fans EV demand fears
(Reuters) – Shares of Tesla fell about 5% on Monday after key supplier Panasonic Holdings said it cut automotive battery production in the September quarter, cementing concerns of a global slowdown in…
Tesla supplier Syrah expects more graphite buys ahead of China export ban
(Reuters) – Australian producer Syrah Resources on Thursday said it expects buyers outside of China to step up their purchases of natural graphite before stricter export controls on the battery material came…
UAW workers strike at Mercedes supplier ZF’s plant in Alabama
(Reuters) – The United Auto Workers (UAW) union said on Wednesday that 190 workers went on strike at Mercedes-supplier ZF’s plant in Alabama, demanding higher pay and better healthcare benefits. The workers…
Building materials supplier Martin Marietta raises 2023 core earnings forecast
(Reuters) – Martin Marietta Materials beat quarterly profit estimates and raised its full-year adjusted core earnings forecast on Thursday, helped by higher spending across infrastructure and non-residential structures. The Biden administration’s Infrastructure…
Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump
(Reuters) – Specialty glass maker Corning forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market. Corning said it expects…
Auto supplier Magna to invest $790 million to build three new facilities
(Reuters) – Canadian auto parts maker Magna International Inc said on Thursday it will invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor…
Analysis: Decades of US corn export dominance fade as Brazil seizes top supplier crown
By Karl Plume CHICAGO (Reuters) – U.S. corn export dominance is fading in an increasingly competitive global marketplace as Brazil, aided by a new supply agreement with China, is set to out-ship…
EV truck maker Nikola to pull the plug on battery supplier Romeo
(Reuters) – Nikola Corp will start liquidating the assets of battery maker Romeo Power, the electric truck maker said on Monday, less than a year after buying it. The company, which went…
Aircraft parts supplier Incora files for bankruptcy
By Dietrich Knauth NEW YORK (Reuters) – Aerospace supplier Incora filed for Chapter 11 protection on Thursday, citing depressed demand for aircraft maintenance and litigation over its efforts to restructure its debt…
HEICO to buy Wencor for $2 billion to boost aircraft generic parts portfolio
By Abhijith Ganapavaram and Allison Lampert (Reuters) -Aerospace supplier HEICO Corp said on Monday it will buy Wencor Group in a deal valued at $2.05 billion to boost its portfolio of generic…
Talc supplier Whittaker Clark & Daniels files for bankruptcy
By Dietrich Knauth (Reuters) – Defunct talc supplier Whittaker, Clark & Daniels has filed for Chapter 11 bankruptcy, citing on Thursday a “deluge” of lawsuits alleging that its talc products caused asbestos…
Apple supplier Corning rides on price hikes to beat profit estimates
(Reuters) – Specialty glass maker Corning Inc beat profit estimates for the first quarter on Tuesday as price hikes more than made up for higher raw material costs and a demand slowdown.…
German oil imports rose 8.5% in 2022, Russia biggest supplier
FRANKFURT (Reuters) – Germany’s crude oil imports rose 8.5% in 2022 as Europe’s biggest economy recovered from the COVID-19 pandemic and the bill for its purchases soared as oil prices surged, official…
A Fentanyl Supplier Got Life In Prison For A Deadly Overdose. He Could Have Killed Thousands
A Fentanyl Supplier Got Life In Prison For A Deadly Overdose. He Could Have Killed Thousands Trevor Schakohl on March 10, 2023 A New Port Richey, Florida, fentanyl trafficker was sentenced to…
Adobe signs chip supplier Qualcomm for marketing tech software
By Stephen Nellis (Reuters) – Adobe Inc said on Thursday it had signed a deal with semiconductor Qualcomm Inc as a customer for its cloud-based marketing software. Once best known for tools…
Supplier Howmet offers conservative jet production forecast for 2023
(Reuters) – Supplier Howmet Aerospace Inc on Tuesday offered a conservative outlook for narrowbody jet production at top planemakers Boeing Co and Airbus SE. Shares of the company, one of the main…
Aptiv says no EV production surge yet after price cuts
(Reuters) -Executives at auto parts supplier Aptiv Plc said on Thursday they do not yet see a surge in electric vehicle (EV) production after recent price cuts by its client Tesla Inc…
Xiaomi demands payout from supplier after car designs leaked
SHANGHAI (Reuters) – China’s Xiaomi <1810.HK) said on Thursday it had imposed a 1 million yuan ($149,000) penalty on a supplier after it leaked early design drafts of an upcoming car model.…
Exclusive-Apple supplier BOE plans new factories in Vietnam -sources
By Francesco Guarascio HANOI (Reuters) – Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest a substantial sum to…
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