No. of Recommendations: 3
Seems that the big three walking back their EV plans, is rattling it's way through the supply chain, with vendors having invested Millions, or more, based on the OEM's assurances of huge volume.
Ford suppliers clash in court after a collapsed EV deal
That is the backdrop for a lawsuit that has emerged from Ford Motors’ decision to postpone its electric truck program, a move that has triggered a legal fight between program suppliers who each claim they are being unfairly saddled with the fallout. According to reporting on the Ford EV truck postponement, the dispute centers on who should bear the cost of investments made in anticipation of volumes that will now arrive later, if at all, and it underscores how a strategic pause at the automaker level can cascade into existential threats for smaller firms.msn.com - Ford suppliers clash in court after a collapsed EV dealAuto parts is a pretty shaky business in the best of times. Delphi and Visteon both went BK, after being spun off from GM and Ford. Long time vendor Collins & Aikman collapsed about 20 years ago.
Steve
