After chip shortage, now magnesium poses a threat to automotive production globally
Many car part suppliers and industry associations warn that if production in China, which accounts for 85% of global magnesium supply, does not pick up pace soon, automakers could be facing significant shortfalls of the material.
Nov 09, 2021, 16:26 PM ISTJapanese auto parts executive gets jail for price fixing
A former executive of a Japanese auto parts suppliers was sentenced to one year and one day in US prison after pleading guilty on Tuesday to price fixing.
Jan 07, 2015, 02:23 AM IST