Suppliers

Denso forecasts profit growth on higher Asia sales

11:10 am U.S. ET | April 28, 2015

Denso, the world's second-biggest auto supplier based on revenue, forecast a 7 percent rise in operating profit for the year ahead, citing an anticipated rise in Asian sales.... Read More »

Civil settlements surpass $260 million in supplier price-fixing litigation

10:50 am U.S. ET | April 28, 2015

Civil settlements recently have exceeded $260 million in federal litigation stemming from the ongoing US criminal antitrust investigation into supplier price fixing.... Read More »

Penske Q1 net up 12% as sales rise

8:48 am U.S. ET | April 28, 2015

Penske Automotive Group Inc. reported first-quarter net income rose 12 percent driven largely by strong vehicle sales.... Read More »

Sogefi names former Faurecia exec as new CEO

April 27, 2015 15:58 CET

Italian supplier Sogefi has named Laurent Hebenstreit as its new CEO. Hebenstreit, 54, a former director at Faurecia and Plastic Omnium, will succeed Guglielmo Fiocchi, who left the company late last year.... Read More »

Senate bill would reward workers for reporting safety concerns to regulators

5:31 pm U.S. ET | April 27, 2015

The U.S. Senate is nearing approval of a bipartisan bill that would give financial incentives to employees at automakers and suppliers who report safety defect concerns to regulators.... Read More »

Tenneco Q1 net income up 6.5%; revenue hit by exchange rates

3:05 pm U.S. ET | April 27, 2015

Ride control and emission control supplier Tenneco reported net income improvement and adjusted revenue growth for the first quarter.... Read More »

How Hummer maker, Mercedes came together

12:01 am U.S. ET | April 27, 2015

Production of the Mercedes-Benz R class will begin on the line that once made Hummer H2s for General Motors, just a stone's throw from where AM General builds light tactical military vehicles for the U.S. and other governments. The Mercedes contract gives AM General a chance to reinvigorate contract manufacturing in the U.S.... Read More »

AM General has big plans for MV-1 wheelchair vans

12:01 am U.S. ET | April 27, 2015

AM General earned a name for itself building vehicles for other people: the original Humvee for military customers and the Hummer H2 SUV for General Motors. Now, AM General is trying to make a reputation as an original equipment manufacturer in its own right, building and selling the Mobility Ventures MV-1 wheelchair accessible van.... Read More »

AM General has big plans for MV-1 wheelchair vans

12:01 am U.S. ET | April 27, 2015

Now and OEM in its own right, AM General works to build its Mobility Ventures brand and grow sales of the MV-1 wheelchair accessible vehicle.... Read More »

Innovation inspires suppliers along with industry

12:01 am U.S. ET | April 27, 2015

The 21st annual Automotive News PACE awards were handed out April 20 at the Max M. Fisher Music Center here. The awards are sponsored by EY, the Transportation Research Center Inc. and Automotive News. Fourteen awards were won by 12 suppliers. Continental Automotive and Federal-Mogual Corp., won two awards each.... Read More »

TRW details China plans, sale of unit

12:01 am U.S. ET | April 27, 2015

TRW, the safety components supplier being acquired by Germany's ZF, said it plans to open three plants in China this year and next. It also will sell its linkage and suspension business to Tokyo conglomerate THK, to help clear the way for ZF's purchase.... Read More »

Where the heck is Apple CarPlay?

12:01 am U.S. ET | April 26, 2015

Validation testing has delayed the rollout of Apple's CarPlay and Google's Android Auto, showing the challenge of updating cars at smartphone speed.... Read More »

Supplier ThyssenKrupp plans to invest $869 million in N.A. by 2020

11:39 am U.S. ET | April 24, 2015

German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production.... Read More »

Lear Q1 net income, revenue up after Eagle Ottawa acquisition

11:25 am U.S. ET | April 24, 2015

Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier.... Read More »

Valeo posts quarterly sales gain on Europe, China

April 24, 2015 11:56 CET

Valeo's first-quarter revenue rose 15 percent, lifted by sales growth in Europe and China. The supplier sees vehicle production rising about 3 percent globally in 2015, with the same figure expected in Europe, excluding Russia.... Read More »

Haldex first-quarter profit rises 37%

April 24, 2015 11:10 CET

Swedish supplier Haldex said operating profit rose 37 percent in the first quarter to 115 million Swedish crowns (12.2 million euros) as the company repeated its forecast for markets to grow at a slower pace this year.... Read More »

Former Hitachi exec sentenced to 15 months in prison after guilty plea for price fixing

5:45 am U.S. ET | April 23, 2015

A former executive with Hitachi Automotive Systems pleaded guilty and was sentenced to 15 months in prison for conspiring to fix prices on a number of automotive parts sold in the United States.... Read More »

Goodyear to spend $550 million on tire plant in Mexico, report says

10:54 am U.S. ET | April 23, 2015

Goodyear Tire & Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector.... Read More »

TRW to sell suspension unit to THK for $400 million

6:46 am U.S. ET | April 22, 2015

TRW Automotive Holdings said it agreed to sell its linkage and suspension business to Tokyo conglomerate THK for $400 million.... Read More »

Autoliv predicts more growth after Q1 revenues rise

April 22, 2015 16:05 CET

Autoliv says it expects higher second-quarter sales growth after producing first-quarter earnings above market expectations on the back of strong sales in Europe and lower overall costs.... Read More »

Peugeot, IBM agree to develop new connected-car services

8:26 am U.S. ET | April 22, 2015

PSA Peugeot Citroen and IBM are working together to hook cars up to the Internet, going beyond mapping and infotainment to link vehicles up to shops, service networks and urban transport grids, the companies said today.... Read More »

Continental will invest 1 billion euros in China, CEO says

April 21, 2015 15:40 CET

Continental plans to invest about 1 billion euros ($1.07 billion) in China over the next five years, CEO Elmar Degenhart said. The company is seeking to boost its share of Asian sales to 30 percent of global turnover by 2020 from a fifth at present.... Read More »

NHTSA prepares steps to speed up Takata, Jeep recalls

1:30 pm U.S. ET | April 21, 2015

Federal auto safety regulators want to see more progress on the Takata and Jeep fuel tank recalls, and could take action in the next two weeks to achieve that goal. The steps come amid a broader push by the agency for automakers to take a more proactive stance on safety.... Read More »

RICHARD TRUETT

BLOG: With 3-D printing, product development flies

11:00 am U.S. ET | April 21, 2015

3-D printers are dramatically cutting product development costs, allowing engineers and designers to get prototype parts in hours, not weeks.... Read More »

TRW plans to open 3 more plants in China

10:08 am U.S. ET | April 21, 2015

TRW Automotive, the safety components supplier being acquired by Germany’s ZF Friedrichshafen, said it plans to open three plants in China this year and next.... Read More »

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