Manufacturing

PACE Award winners take on the fuel economy challenge

9:15 pm U.S. ET | April 20, 2015

Auto suppliers are responding to automakers' needs for better fuel economy, claiming half of this year's Automotive News PACE Awards with innovations that cut weight or make powertrains more efficient. Fourteen game-changing products and processes from 12 suppliers were honored at a ceremony in Detroit tonight.... Read More »

PACE Award winners to be announced tonight

11:19 am U.S. ET | April 20, 2015

It's showtime for the 2015 PACE Awards. The winners will be announced tonight at a black-tie event at the Max M. Fisher Music Center in Detroit. The 21st annual awards honor innovation in the supplier community.... Read More »

N.A. output up 4.2% in March

12:01 am U.S. ET | April 20, 2015

North America car and truck production in March rose 5.4 percent from March 2014 volumes, to an estimated 1,628,340 vehicles.... Read More »

ZF sells bonds to help finance TRW acquisition

2:37 pm U.S. ET | April 20, 2015

ZF raised $2.4 billion with the company's first bond sale in its 100-year history to help pay for its acquisition of automotive safety components supplier TRW Automotive Holdings Corp.... Read More »

Phil Martens ousted as CEO of aluminum supplier Novelis

1:56 pm U.S. ET | April 20, 2015

Top aluminum rolled products maker Novelis announced today the surprise ouster of CEO Philip Martens -- a former rising star executive at Ford -- who helped the India-owned supplier shift toward the automotive sector.... Read More »

Mahindra will present bid for Pininfarina by April 29, report says

April 20, 2015 14:48 CET

India's Mahindra & Mahindra aims to present a formal offer for the car designer Pininfarina in time for the Italian company's shareholder meeting on April 29, a report said.... Read More »

BMW cutting production, prices in China as market slows

April 20, 2015 14:28 CET

BMW has reduced the prices of some of its vehicles in China and will cut local production in the country to ensure that dealers are not overstocked as luxury demand in the world's largest auto market slows.... Read More »

PSA plans joint small-car platform with Dongfeng

April 20, 2015 06:01 CET

PSA will focus on two core platforms for its volume models including a small-car architecture that it will jointly develop with China's Dongfeng. PSA aims to reduce the number of its passenger-car platforms to two by 2022 from five now.... Read More »

Lackluster profits drive FCA's higher invoice prices

12:01 am U.S. ET | April 20, 2015

The reason behind Fiat Chrysler's wholesale pricing action is simple: profits -- or the lack thereof.... Read More »

JAMES VERRIER, CEO, BORGWARNER

Electrification 'friend,' not threat, to BorgWarner

12:01 am U.S. ET | April 20, 2015

BorgWarner CEO James Verrier, 52, sees electrification of the powertrain as a positive for his company despite the supplier's heavy reliance on parts that electric vehicles don't need.... Read More »

S.C. called a contender for Volvo plant site

12:01 am U.S. ET | April 20, 2015

Volvo Cars is weighing a site in South Carolina against one in another Southern state as it prepares to invest $500 million in its first U.S. plant, people with knowledge of the matter told Reuters.... Read More »

High-volume battle of the in-car audio brands

12:01 am U.S. ET | April 20, 2015

On March 26, Bose Corp. said its 34-speaker Panaray system will appear in the 2016 Cadillac CT6 sedan. Five days later, rival Harman International Industries Inc. counterpunched, saying it would pay $154 million to acquire Bang & Olufsen. The dueling announcements threw into sharp relief the different strategies of the two leading companies in branded automotive audio.... Read More »

How a resilient small bolt maker survived the recession and started shipping to global markets

12:01 am U.S. ET | April 20, 2015

Many small auto suppliers folded during the recent recession. But Shannon Precision Fastener survived and now is thriving.... Read More »

VW to build awd vehicles in Puebla

12:01 am U.S. ET | April 20, 2015

Volkswagen will outfit its Puebla, Mexico, plant to build all-wheel-drive vehicles, according to a company source.... Read More »

ROGER WOOD, CEO, DANA CORP.

Financially strong Dana on hunt for acquisitions

12:01 am U.S. ET | April 20, 2015

Seven years after Dana Corp. emerged from bankruptcy, the supplier is looking for acquisitions. CEO Roger Wood, 52, says he aims to make some "bolt-on" acquisitions of companies to expand Dana's portfolio of driveline components for light vehicles, commercial trucks and off-highway equipment.... Read More »

DANIEL SANDBERG, CEO, BREMBO NORTH AMERICA

Brembo thrives on growing performance market

12:01 am U.S. ET | April 20, 2015

Brembo, the Italian brake manufacturer, is on a roll. The company's global 2014 revenue grew 15 percent to nearly $2.20 billion. But Brembo has plenty of challenges. The company wants to hire more engineers, and automakers are demanding lighter weight parts.... Read More »

Japan, U.S. seek deals on auto parts, rice to secure trade pact

1:19 am U.S. ET | April 19, 2015

Japanese and U.S. negotiators will seek to resolve the most contentious issues on auto parts and rice to help the two countries reach a trade pact, Japanese Economy Minister Akira Amari said.... Read More »

Shanghai GM to spend $16 billion to boost China product portfolio, market share

6:19 pm U.S. ET | April 19, 2015

Shanghai GM, a joint venture between General Motors and China's SAIC, plans to spend $16 billion over the next five years developing new vehicles and to lift its Chinese market share.... Read More »

VW board members came close to demanding Piech's resignation, paper says

April 18, 2015 22:33 CET

Senior members of Volkswagen's supervisory board were prepared to demand Chairman Ferdinand Piech's resignation had he not agreed to a statement backing CEO Martin Winterkorn, a German newspaper reported. Piech had initially resisted pressure from other board members to back Winterkorn during an emergency meeting.... Read More »

BMW to recall 91,800 Mini Coopers over airbag flaw

10:34 am U.S. ET | April 18, 2015

BMW of North America will recall about 91,800 Mini Coopers in the U.S. to fix a flaw with the front passenger seat mat that may prevent the passenger airbag from deploying.... Read More »

Lotus plans to build cars in China

April 17, 2015 16:24 CET

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the UK sports car maker's Malaysian parent company, said. The venture will involve an investment of $1.6 billion over 15 years.... Read More »

Ford to spend $2.5 billion on new Mexico engine, transmission operations

1:08 pm U.S. ET | April 17, 2015

Ford, confirming reports from earlier this week, will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The company will build a new engine line within its engine plant in the northern state of Chihuahua. The company will also build a transmission plant in the central state of Guanajuato.... Read More »

Oman will use Italian expertise to help build auto industry

April 17, 2015 06:01 CET

The Oman government has bought into an Italian supplier as part of its goal to develop car production in the oil-rich Middle Eastern state. The state-owned Oman Investment Fund last month bought a 40 percent stake in Italian thermoplastic parts supplier Sigit.... Read More »

Volvo narrows choices for U.S. plant to S. Carolina, 2nd state, report says

11:57 am U.S. ET | April 17, 2015

Volvo Cars is weighing a site in South Carolina against another southern state as it prepares to invest $500 million in its first US plant, people with knowledge of the matter told Reuters today.... Read More »

Lotus forms joint venture to build cars, engines in China

9:34 am U.S. ET | April 17, 2015

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the U.K. sports car maker's Malaysian parent company, said.... Read More »

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