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Latest news with #rareearthmaterials
Bloomberg
a day ago
- Automotive
- Bloomberg
VW's Scout Is Rethinking EV Designs to Cut Rare Earths, CEO Says
The head of Scout Motors said the upstart automaker is engineering some components to reduce the need for rare earth materials, an issue that has become critical to the car industry and taken center stage in US trade negotiations with China. The Volkswagen AG -backed company, which plans to produce electric and hybrid vehicles, is exploring adjustments to brakes and drive units, Scout Chief Executive Officer Scott Keogh told Bloomberg TV in an interview Tuesday.
Bloomberg
5 days ago
- Automotive
- Bloomberg
Ford Hit by Rare Earth Shortage
Ford CEO Jim Farley says his company is struggling to secure rare earth materials that are necessary to making cars. He spoke to Bloomberg's Matt Miller in Le Mans, France. (Source: Bloomberg)
