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General Motors Signs Supply Deal With Noveon to Get Rare Earth Magnets
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General Motors Signs Supply Deal With Noveon to Get Rare Earth Magnets
Aug 6, 2025 6:56 AM

09:43 AM EDT, 08/06/2025 (MT Newswires) -- General Motors ( GM ) and Noveon Magnetics have signed a supply agreement under which Noveon will provide rare earth magnets for the carmaker's full-size SUVs and trucks, Noveon said Wednesday.

Noveon said magnet deliveries started last month.

Financial details of the agreement were not provided.

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