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Lear Selected by GM for EV Unit

Lear Corp. said it has been selected by General Motors to exclusively supply the Battery Disconnect Unit (BDU) on all full-size SUVs and trucks built on the automaker’s Ultium EV Platform through 2030.

An Industry in Transition

The automotive industry is in transition, but perhaps not the type of transition that many analysts, forecasters, and company executives expected.

Sandvik to Acquire Chinese Round Tools Maker

Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.