Thursday, December 9, 2021

General Motors returns to rare earth magnets with two US deals

General Motors Co plans to source rare earth magnets for its future electric vehicles from new U.S. -based manufacturing facilities under two separate deals announced on Thursday, a return to an industry the automaker had all but abandoned in the 1990s.

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...