Welcome to the Daily 5 report for Friday, Nov. 21.
The repercussions of the slowdown in the electric vehicle market continue to spread and have reached U.S. courts.
Ford Motor Co.'s decision to cut F-150 Lightning output has already left big and small suppliers scrambling to recover capital expenditures tied to the program.
Nexteer, a leading component provider, is now being sued by a Tier 2 supplier after scrapping a program for Ford's next-generation electric pickup, marking the latest EV-related battle to spill into the courtroom.
German supplier Swoboda Inc. is seeking to recover $3 million it said it incurred before Nexteer "suddenly and unilaterally" canceled the contract.
Swoboda tooled up to provide Nexteer with cylindrical headers to be used in Ford's P800 TE1 program, the company's next-gen full-size electric pickup, which has been postponed until at least 2028, according to a suit filed in Michigan's Oakland County Circuit Court.
Kurt Nagl has all the details from the legal battle here.
General Motors' plan to expand U.S. vehicle output in 2027 will mean $550 million in additional outlays at two components plants in Michigan and Ohio.
In other news, Houston's IndiGO Auto Group has acquired three import dealerships in Palm Springs, Calif., from VIP Motor Cars, expanding its presence in an affluent Southern California market. The deal closed Nov. 5.
It's the end of the line for one of Ford Motor Co.'s most venerable nameplates. The last Focus has been produced at a plant in Germany, ending global output that once spanned North America, South America and China.
And Genesis has unwrapped a new potential halo car that was born and engineered to race. Hans Greimel has more specs on the car.
That's it. Have a great weekend. If you want to view this story on your browser, click here.
— David Phillips, senior editor
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