Global automakers are scrambling to find chips and checking with suppliers to see if they have enough stockpiled, as a deepening semiconductor supply crunch related to Dutch firm Nexperia threatens car production across the industry. Beijing banned exports of Nexperia’s products from China after the Dutch government seized control of the chipmaker last month, citing…
Hero MotoCorp on Monday named Harshavardhan Chitale as its next Chief Executive Officer, effective January 5, 2026. The appointment was approved by the company’s board and announced in a stock exchange filing. Chitale will succeed Vikram Kasbekar, who has been serving as acting CEO since the resignation of Niranjan Gupta earlier this year. Kasbekar will…
Hyundai Steel, South Korea’s second-largest steel manufacturer, has temporarily shut down its No. 2 plant in the southeastern city of Pohang due to a prolonged industry-wide slump, the company said on Wednesday. The suspension took effect Saturday due to a lack of production volume amid severe industry-wide demand contraction. A company official said future decisions…