Japanese sealing products and electronics components supplier NOK Corp. has posted lower operating income for the fiscal year ended 31 March, citing weaker sales and higher costs despite stronger foreign exchange gains. Net sales for the year fell 3.7% year-on-year…
Zorge Rubber Solutions has supplied nearly one million rubber-PTFE composite components for Li-ion batteries to a tier 1 supplier of a leading German car manufacturer. The innovative elastomer-membrane system is crucial for the safety and efficiency of lithium-ion batteries in…
General Motors is stepping into the military-industrial complex after inking a memorandum of understanding with Lockheed Martin to explore joint production of defense systems. The partnership, facilitated by the U.S. Department of Defense, pairs GM’s manufacturing and engineering prowess with…
Amazon is facing a potential lawsuit from the Federal Trade Commission (FTC) that could result in billions of dollars in civil penalties. The FTC is investigating Amazon’s advertising business, which generated $68.6 billion in revenue last year, over claims that…
Rivian Automotive has initiated another round of job cuts, eliminating hundreds of positions as the company tightens spending while rolling out its new R2 line of plug-in electric SUVs. The layoffs, which affect fewer than 2% of Rivian’s workforce, are…
Mercedes-Benz’s 2026 CLE450 4Matic Cabriolet arrives as a grand-touring convertible built for long stretches of highway and lazy coastal drives, not twisty backroads. The car’s turbocharged 3.0-liter inline-six engine delivers 375 horsepower and 369 pound-feet of torque, paired exclusively with…
A 25-year-old Connecticut man is set to be sentenced on September 4 after pleading guilty to defrauding Amazon Logistics of more than $3.5 million through a sophisticated scheme involving fake trailer movements. Ameer Nasir of Trumbull, Connecticut, admitted to submitting…
The Rivian R2 is now available for lease, but the monthly cost is around $1,000, whether you put thousands down or nothing at all. The 2026 R2 Performance is advertised at $829 per month for 36 months with $5,724 due…
A class action lawsuit has been filed against Stellantis, alleging that the 2022 and 2023 Ram ProMaster vans’ advertised nine-speed automatic transmission is, in reality, a seven-speed transmission. The plaintiffs claim that the top two gears are never used in…
U.S. Class 8 truck retail sales fell 8% year over year in May to 17,280 units from 18,778, according to Omdia Automotive data, though they rose 8.4% month over month from 15,941 in April. Year-to-date sales through May dropped 16%…