Suppliers

LETTER TO THE EDITOR

A lot to learn from past acquisitions

12:01 am U.S. ET | Sept. 1, 2014
Your stories in recent weeks about the possibility of large acquisitions in the supplier community bring to mind the quote "Those who cannot remember the past are condemned to repeat it."... Read More »

 

Pick up the PACE, suppliers; apply by Sept. 5

12:01 am U.S. ET | Sept. 1, 2014
Suppliers have until the final deadline, Friday, Sept. 5, to apply for the 2015 Automotive News PACE Awards, which recognize supplier innovation.... Read More »

 

Ford, Nokia test map tech that makes it easy to be green

12:01 am U.S. ET | Aug. 31, 2014
Ford and Finnish mobile phone giant Nokia are developing a system that automatically manages the energy efficiency of a plug-in hybrid vehicle as it travels through zones designated by the driver. The GreenZone system would allow drivers to set up the zones using Nokia's maps on a mobile device, computer or in-car navigation system.... Read More »

 

Suppliers unveil the future at world car-tech conference

9:00 am U.S. ET | Aug. 30, 2014
The upcoming ITS World Congress 2014 in Detroit will highlight the global transportation industry's future of connectivity, safety and automation. The Sept. 7-11 event, which is in Detroit for the first time, is a big step for suppliers, local and global, to introduce the technology that's making up more of their bottom lines.... Read More »

 

AvtoVAZ mulls in-house parts production to halt monopolies, graft

Aug. 30, 2014 10:06 CET
AvtoVAZ, the Russian carmaker controlled by Renault-Nissan, may bring some parts production in-house to gain more competitive pricing and stamp out corruption in its local supply chain. The maker of Lada carsis studying plans to manufacture components including seats and smaller metal body parts.... Read More »

 

Hong Kong firm acquires majority stake in supplier Key Safety Systems

12:46 pm U.S. ET | Aug. 29, 2014
Hong Kong private equity firm FountainVest Partners completed a deal to become the majority shareholder in automotive safety products supplier Key Safety Systems. The deal could be worth as much as $800 million, a Bloomberg report out of China said in April.... Read More »

 

Ford wins dismissal in U.S. of claims it aided apartheid

9:19 pm U.S. ET | Aug. 28, 2014
Ford won dismissal of a lawsuit claiming the company aided South Africa's apartheid regime, with a judge saying it couldn't be sued in the U.S. over actions of their units overseas.... Read More »

 

Global price-fixing crackdown threatens supply chain's 'business model'

3:58 pm U.S. ET | Aug. 28, 2014
As antitrust regulators, most recently in China, go after auto suppliers in what has become a worldwide probe into price fixing, a longtime "business model" in the supply chain is now in danger, says an automotive purchasing executive. That model essentially sees parts makers collude to keep prices relatively high for new components they supply to car manufacturers, and then charge even more for the same parts supplied as replacements to dealerships and repair shops.... Read More »

 

Transmission parts supplier to invest $42 million in Mich. plant

3:21 pm U.S. ET | Aug. 28, 2014
Transform Automotive is expanding in Michigan after landing a new contract to build transmissions parts. The machined, metal-stamped and laser-welded parts supplier plans to invest nearly $42 million to lease and build out a new manufacturing plant in Shelby Township, Mich., a suburb east of Detroit.... Read More »

 

Lear agrees to buy leather supplier Eagle Ottawa in $850 million deal

4:54 pm U.S. ET | Aug. 27, 2014
Lear agreed to buy automotive leather supplier Eagle Ottawa in a deal valued at $850 million that aims to strengthen the company's global seating business.... Read More »

 

Schaeffler first-half earnings rise 9% on China demand

Aug. 27, 2014 11:37 CET
Schaeffler expects sales growth in excess of 7 percent this year after first-half earnings rose 9 percent and profit margins improved because of demand in China.... Read More »

 

Volvo counts on high-cost Sweden for crucial XC90

Aug. 26, 2014 06:01 CET
Volvo is sticking to its Scandinavian roots with its first model since being acquired by Chinese owners four years ago. Rather than chase low wages, Volvo will build the new XC90 SUV in Sweden, where auto workers get about $62 an hour.... Read More »

 

German suppliers asked to form JVs in China, report says

Aug. 25, 2014 10:39 CET
China has told three German suppliers they can no longer manage their Chinese units independently but need to form partnerships with local peers, the CEO of partsmaker ElringKlinger told a German newspaper.... Read More »

 

JCI, Unifor labor deal averts threat to GM output in Canada

1:09 pm U.S. ET | Aug. 25, 2014
About 300 unionized workers at a Johnson Controls interiors plant in Ontario ratified a new three-year contract, heading off a potential strike at the factory and work stoppage at General Motors' Oshawa assembly complex.... Read More »

 

Cash surge, lighter batteries power A123 comeback

11:00 am U.S. ET | Aug. 25, 2014
A123 Systems LLC is in the midst of a recharge. Despite political opposition, it emerged from bankruptcy last year under the ownership of Chinese supplier conglomerate Wanxiang Group, made sweeping business plan changes and is expected to be cash flow positive for the first time in its history this year.... Read More »

 

Regulators' sweep threatens auto parts business model

Aug. 25, 2014 12:32 CET
Suppliers who have colluded for years to inflate parts prices for automakers, dealers and repair shops in a global market with annual sales of more than 80 million vehicles, are now being exposed in a worldwide sweep by regulators.... Read More »

 

Chicago charts a course in autonomous vehicles

12:01 am U.S. ET | Aug. 25, 2014
Companies that draw on Chicago's historic strengths in electronics design and manufacturing, wireless communications and mapping, are well-positioned for a key role in the development of the connected car.... Read More »

 

Continental's high-tech strategy shift

12:01 am U.S. ET | Aug. 25, 2014
Continental's pick-up of Google executive underscores how the supplier sees specialized software and services as increasingly crucial to its future.... Read More »

 

Magna ready to loosen purse strings

12:01 am U.S. ET | Aug. 25, 2014
Magna International Inc., the largest auto supplier in North America, will consider major acquisitions.... Read More »

 

NGK to plead guilty in price-fix probe

12:01 am U.S. ET | Aug. 25, 2014
NGK Spark Plug Co. agreed to plead guilty and pay a $52.1 million criminal fine over its role in a conspiracy to fix prices and rig bids for spark plugs and other automotive parts, the Department of Justice said last week.... Read More »

 

RISING DAUGHTERS

In culture shift, female engineers take the wheel in Japan

12:01 am U.S. ET | Aug. 23, 2014
Japanese carmakers, long a preserve of tight-knit, workaholic old boys' clubs, have finally tuned into the need for more diverse input into developing, making and selling their products.... Read More »

 

Supplier Metaldyne Performance files for stock offering

8:16 am U.S. ET | Aug. 23, 2014
Metaldyne Performance Group, a holding company for three auto suppliers merged earlier this month by private equity firm American Securities LLC, filed with federal regulators for an initial public offering of its common shares.... Read More »

 

Canadian JCI workers reach tentative pact

4:37 pm U.S. ET | Aug. 22, 2014
Canadian union workers at an interiors plant that supplies General Motors' Oshawa assembly complex have reached a tentative contract agreement that could avert a strike at the supplier plant.... Read More »

 

Novelis: Aluminum sales to automakers will nearly triple on new emissions, mpg rules

8:49 am U.S. ET | Aug. 21, 2014
Novelis, the world's biggest supplier of aluminum sheeting to carmakers, expects sales to customers including Audi and Ford to rise almost three-fold as new emissions rules restrict the use of steel.... Read More »

 

Denso fined $2.2 million in Canada for violation of competition law

6:47 am U.S. ET | Aug. 21, 2014
Japanese supplier Denso said today it has been fined more than $2 million by a court in Canada for violation of that country's competition law in connection with sales of certain body electronic control units for motor vehicles.... Read More »

 

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