DETROIT - Saving the U.S. auto industry will take more than bailing out GM and Chrysler. It also hinges on companies like FormTech Industries, which employs just 440 people and forges steel for parts ...
Chicago manufacturer Tempel Steel is gunning its motor in the race to supply parts for electric vehicles. The company, founded in 1945, stamps magnetic steel into thin, precisely cut layers called ...
Walk up to any auto parts counter, and they’ll ask you the usual question—”year, make, and model?” If you’re driving a 2022 Ford F-150, or a 2007 Honda Civic, you’d expect those to be in the database.
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And now those suppliers are asking for a bailout of their own. Two major parts supplier groups are expected to make a formal request as early as Friday for a government loan of up to $25.5 billion to ...