Suppliers

Chrysler pressed by NHTSA to move faster on Takata airbag recall

8:50 pm U.S. ET | Nov. 25, 2014
U.S. regulators told Fiat Chrysler Automobiles to speed up its recall of airbags with faulty inflators linked to at least five deaths. NHTSA said in a letter Tuesday to the company that it should begin its recall of cars with Takata airbags Dec. 1, almost three weeks earlier than the company planned.... Read More »

 

Visteon confirms discussions to sell stake in climate control joint venture

8:16 am U.S. ET | Nov. 25, 2014
Visteon Corp. confirmed this morning that it's in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteon Climate Control Corp.... Read More »

 

Japanese regulators to oversee Takata recalls, investigate Honda's recall errors in U.S.

6:30 am U.S. ET | Nov. 25, 2014
Japan's transport ministry will form groups to oversee airbag recalls tied to Takata Corp. and probe Honda Motor Co. for underreporting faults in the U.S., adding to regulatory scrutiny of the two companies.... Read More »

 

Takata to face U.S. House hearing into airbag crisis

6:00 pm U.S. ET | Nov. 24, 2014
Takata and Honda executives will return to Capitol Hill next week to testify about the growing safety crisis surrounding Takata airbag inflators that may explode in a crash. A subcommittee of the House Energy and Commerce Committee scheduled a hearing for Dec. 3 to examine the management and response of the industry and auto safety regulators to the Takata airbag recalls.... Read More »

 

Continental’s electronics, Korea units to plead guilty to price fixing

4:16 pm U.S. ET | Nov. 24, 2014
South Korean suppliers Continental Automotive Electronics and Continental Automotive Korea will plead guilty to rigging the prices of instrument panel clusters and pay a criminal fine of $4 million, the U.S. Department of Justice said.... Read More »

 

Airbag inflator shortage plagues industry

12:01 am U.S. ET | Nov. 24, 2014
Honda and other automakers that have recalled vehicles equipped with Takata airbags are trapped in a nasty dilemma. Even if automakers fend off federal regulators' request for a nationwide recall of driver-side airbags, it could take two years or so for Takata to produce enough replacement airbag inflators.... Read More »

 

Korean buyout fund considers buying Halla Visteon Climate Control stake

6:43 am U.S. ET | Nov. 24, 2014
South Korean buyout fund Hahn & Co. is considering purchasing shares in Halla Visteon Climate Control Corp. from Visteon Corp., a person familiar with the matter said.... Read More »

 

GM's savvy new face to suppliers

12:01 am U.S. ET | Nov. 24, 2014
Addressing an industry conference in Traverse City, Mich., this summer, General Motors' global powertrain boss Steve Kiefer asked a room packed with about 500 people how many owned a GM vehicle.... Read More »

 

GM: Strong welds, low costs

As Ford spends big, GM joins aluminum with simple welds

12:01 am U.S. ET | Nov. 24, 2014
General Motors is adding more lightweight aluminum to its vehicles. But unlike Ford Motor Co., GM is not spending hundreds of millions of dollars to retool its assembly plants for the metal.... Read More »

 

EDITORIAL

Global companies should abide by the same rules

12:01 am U.S. ET | Nov. 24, 2014
Of all forms of price fixing, the practice of suppliers pre-arranging high and low bids on various contracts to share the business is distinctly Japanese. Nominally, it fits a national culture that values consensus and avoids conflict.... Read More »

 

ZF expects surging sales of driver-assist systems

12:01 am U.S. ET | Nov. 24, 2014
German supplier ZF Friedrichshafen AG, which agreed to buy TRW Automotive Holdings in September for $13.5 billion, expects the combined company's sales of driver-assist safety systems to grow 15 to 25 percent a year. Those technologies, which will underpin tomorrow's autonomous cars, also will be the "major" part of the combined company's $2.1 billion r&d budget, ZF CEO Stefan Sommer said.... Read More »

 

Frustrated senators blast Takata, signal more safety legislation

12:01 am U.S. ET | Nov. 23, 2014
Senators' frustration with what they see as an inconsistent and disorganized response to the Takata airbag recall crisis boiled over last week, signaling a push for more auto safety regulations.... Read More »

 

Continental mulls German factory closure

Nov. 23, 2014 20:58 CET
Continental is reviewing whether to close its factory in Gifhorn, Germany, which makes electric motors and hydraulic braking systems, because of a lack of customer orders. About 1,600 people work at the plant.... Read More »

 

ZF CEO: We're not chasing 10-speeds

12:01 am U.S. ET | Nov. 23, 2014
ZF Friedrichshafen AG will not follow rivals in pushing for 10-speed transmissions. the German supplier will stop at 9-speed transmissions, says CEO Stefan Sommer.... Read More »

 

PHILIP NUSSEL

Automakers can stop supplier price-fixing now, but will they?

12:01 am U.S. ET | Nov. 22, 2014
Auto supplier price-fixing is a global criminal epidemic that stifles fair competition, inflates the cost of components for automakers, erodes investor confidence and rips off the customer. The auto industry can make it all stop right now, but will they?... Read More »

 

Honda in talks with other suppliers for Takata airbag fix, report says

7:45 am U.S. ET | Nov. 22, 2014
Honda is in talks with two airbag suppliers to help it stock replacement parts for defective Takata Corp. airbags, The Wall Street Journal reported on Friday, citing people aware of the planning.... Read More »

 

Takata exec warns about ability to fix deadly airbag flaw

6:46 am U.S. ET | Nov. 21, 2014
An executive from Japan's Takata told lawmakers on Thursday the supplier is urgently trying to ramp up replacement parts for millions of vehicles fitted with potentially deadly airbags, but said it may not be able to move quickly enough.... Read More »

 

Wilbur Ross steps down as chairman of IAC to take bank board spot

4:14 pm U.S. ET | Nov. 21, 2014
Wilbur Ross, the billionaire turnaround artist who launched International Components Group in 2006, is stepping down as IAC’s board chairman to take a senior position at the Bank of Cyprus.... Read More »

 

Hertz hires airline veteran Tague to revive company

12:12 pm U.S. ET | Nov. 21, 2014
Hertz Global Holdings named John Tague as its new CEO, appointing the manager credited with boosting sales at United Airlines to restore investors' confidence in the car-rental company plagued by an aging fleet and sloppy accounting.... Read More »

 

HANS GREIMEL

Japan's fugitive execs have called DOJ's bluff

9:56 am U.S. ET | Nov. 21, 2014
Are the fugitive Japanese businessmen indicted for alleged price fixing calling the U.S. government's bluff?... Read More »

 

German builder of crash-test facilities forms China unit

Nov. 21, 2014 06:01 CET
Messring, a German manufacturer of crash-test facilities, has established a wholly owned Chinese subsidiary. The company has built 10 crash-test facilities in China over the past decade.... Read More »

 

NEAL BOUDETTE

Apple's CarPlay goes missing in L.A. and in the showroom

11:09 am U.S. ET | Nov. 20, 2014
Tech giants Apple and Google have generated a lot of hype over the past 12 months over their plans to tightly integrate their smartphones and app technology with in-car infotainment systems.... Read More »

 

Honda admits failures in Takata airbag fiasco

2:36 pm U.S. ET | Nov. 20, 2014
A Honda executive told Congress today that the company failed to properly notify federal regulators of some crashes in which airbags made by Takata exploded and to clearly warn customers of the danger some vehicles could pose. He also acknowledged that the automaker still doesn't know for sure the extent of the problem but said it is working to find out and to make repairs as quickly as possible.... Read More »

 

Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe

Nov. 20, 2014 15:12 CET
Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired.... Read More »

 

Millions of cars need airbag fix as Senate grills auto industry

6:37 am U.S. ET | Nov. 20, 2014
The world's biggest automakers have fixed a fraction of almost 8 million cars recalled for Takata airbags, providing fuel for a Senate committee the grilled industry executives today for their handling of the crisis.... Read More »

 

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