Suppliers

Halla mulls buying back Visteon stake in climate control unit

7:34 pm U.S. ET | Nov. 26, 2014
Halla CEO Im Kee Young said he's still considering buying back the group's former automotive heater and air conditioner maker after a buyout fund agreed to acquire a stake in the business, Halla Visteon Climate Control.... Read More »

 

Honda recalled cars with Takata airbags in 2002, documents show

3:40 pm U.S. ET | Nov. 26, 2014
Honda recalled a small number of cars equipped with Takata airbags in March 2002, two years before the first known injury that Honda and Takata have linked to a defective airbag inflator.... Read More »

 

NHTSA orders Takata to undertake national airbag recall

11:34 am U.S. ET | Nov. 26, 2014
U.S. regulators formally demanded Takata take part in a nationwide recall of defective airbags, saying the company's piecemeal approach to fixing a potentially deadly flaw in millions of cars is insufficient.... Read More »

 

Tony Johnson, backer of Saleen and major suppliers, dies at 74

3:30 pm U.S. ET | Nov. 26, 2014
Tony Johnson, co-founder of Hidden Creek Industries, a private company that acquired, sold and backed some of the auto industry's biggest suppliers and boutique car builders, died Nov. 16. He was 74.... Read More »

 

Delphi's Korean partner complicating sale of thermal unit

1:15 pm U.S. ET | Nov. 26, 2014
Delphi Automotive's sale of its air conditioning business is being complicated by potential problems with one of its South Korean joint venture partners, three people familiar with the deal said.... Read More »

 

JAMES B. TREECE

Why the bid-rigging? Ask the automakers

12:29 pm U.S. ET | Nov. 26, 2014
Toyota employees are taught to solve problems with the “Five Whys.” Ask why it happened, and why that happened, and so on until you get to the fundamental problem.... Read More »

 

CAR CUTAWAY

Magna, Haartz team up on Opel Cascada roof

5:26 am U.S. ET | Nov. 26, 2014
Magna International and Haartz Corp. teamed up to supply the new Opel Cascada's folding softtop roof. Haartz supplies an acoustically enhanced three-ply composite that offers enhanced sound deadening and insulation.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector takes hit in Q3

Nov. 26, 2014 06:01 CET
Automakers and suppliers were hit hard in the third quarter while car retailers continued to make gains, according to the Automotive News Europe/PwC shareholder value report.... Read More »

 

NICK GIBBS

Michelin gains from homegrown distrust in China

6:22 am U.S. ET | Nov. 26, 2014
European sales of cheap Chinese tires are growing fast, but in China suppliers such as Michelin are winning customers who don't trust homegrown tire makers.... Read More »

 

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 »

 

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 »

 

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 »

 

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 »

 

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