August 2022

Toyota offering buyback of BZ4X EV as potential remedy for wheel recall

Toyota is offering some owners of its BZ4X electric crossover a whole range of potential remedies, including buybacks, in response to an ongoing wheel recall. Although it doesn’t yet have a solution to the issue. Complete buybacks were mentioned as a possibility in a letter recently mailed to U.S. BZ4X customers and posted on the

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BorgWarner acquires Rhombus Energy Solutions

Tier 1 automotive supplier BorgWarner has acquired Rhombus Energy Solutions. San Diego-based Rhombus provides EV charging and power conversion technology, including V2G applications. Rhombus supplies its patented technology to EV OEMs, including Proterra, as well as charging and grid service providers. The transaction has an enterprise value of up to $185 million. “The technology that

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