Latest Automotive Supply Chain News

Schaffer Corporation has pulled its first-half profit forecast for its Automotive Leather division following a major cyber-attack on Jaguar Land Rover that halted production. The incident casts uncertainty over short-term sales and profitability.

Ionic Rare Earths’ UK subsidiary, Ionic Technologies, has won £11 million in government funding to spearhead a pioneering rare earth permanent magnet supply chain for electric vehicles, aiming to reduce UK dependence on Chinese exports and boost domestic EV manufacturing.

AnteoTech has marked a pivotal quarter with its first commercial Ultranode™ order shipped to Mercedes-Benz and a $4.3 million capital raise to accelerate growth in clean energy and life sciences.

Patriot Battery Metals has secured a C$69 million strategic investment from Volkswagen, marking a pivotal step in advancing its Shaakichiuwaanaan Lithium Project in Quebec. This partnership includes a 10-year offtake agreement with Volkswagen's PowerCo SE, positioning Patriot as a key player in North America's lithium supply chain.