Katie Hepler News
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The global automotive industry faces a “severe” shortage of a resin used to make fuel and brake components that may interrupt production “in the next few weeks,” according to TI Automotive Ltd.
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Global automakers may lose production of 600,000 vehicles by the end of the month as the earthquake in Japan halts assembly lines and work at suppliers including the maker of a paint pigment.
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Chrysler Group LLC, the automaker controlled by Fiat SpA, said it will soon name a new battery supplier for its electric vehicles after A123 Systems Inc. said it withdrew from the “diminished” program.
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General Motors Co. sued Allied Systems Ltd., seeking to force the vehicle hauler to return cars being held at Allied facilities.
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Chrysler Group LLC, the U.S. automaker operated by Fiat SpA , said it sued Allied Holdings Ltd. in Canada to force the supplier to return 700 vehicles being held at Allied facilities in Windsor, Ontario.
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