Suppliers
 

Federal-Mogul delays split into two public companies

9:58 am U.S. ET | Feb. 26, 2015
Federal-Mogul, the powertrain and aftermarket parts supplier controlled by Wall Street investment mogul Carl Icahn, said this week it will delay a prior plan to split into two separate public companies...... Read More »

Magna cuts sales forecast on weak Europe demand, approves stock split

7:01 am U.S. ET | Feb. 25, 2015
Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe.... Read More »

Faurecia N.A. boss Heneka to retire March 1; Stidham named new president

3:12 pm U.S. ET | Feb. 24, 2015
Mike Heneka, who led an immense expansion effort in the US as president of Faurecia North America, will retire on March 1, the seating and emissions...... Read More »

Cooper Standard pares Q4 losses to $12.8 million

3:52 pm U.S. ET | Feb. 24, 2015
Cooper-Standard Holdings Inc., facing foreign currency issues and soft sales on key programs in North America, said it lost $12.... Read More »

Is clock ticking on replacement inflators?

12:01 am U.S. ET | Feb. 23, 2015
Now that Honda has recalled more than 14 million vehicles to fix defective Takata airbag inflators, CEO Takanobu Ito says he is prepared for a...... Read More »

American Axle Q4, full-year revenues jump on non-GM business

3:18 pm U.S. ET | Feb. 23, 2015
American Axle reported leaps in revenue for the fourth quarter and the year.... Read More »

S.C. testing center plans expansion

12:01 am U.S. ET | Feb. 23, 2015
The International Transportation Innovation Center in Greenville, S.C.... Read More »

Delphi's thermal unit is bought by Mahle for $727 million

4:40 am U.S. ET | Feb. 19, 2015
German auto supplier Mahle has agreed to buy rival Delphi's air conditioning business for $727 million, expanding its thermal management expertise as...... Read More »

Dana posts gains in Q4 net income

12:27 pm U.S. ET | Feb. 19, 2015
Powertrain component supplier Dana Holding reported gains in net income for the fourth quarter and 2014, but slipped in revenue in both the quarter...... Read More »

Lear to buy more shares, boost dividend

10:09 am U.S. ET | Feb. 17, 2015
Weeks after receiving a letter from an activist investor urging the company to split into two separately traded public companies, Lear said today it...... Read More »

Supplier Chassix misses 2nd bond payment; creditors concerned

8:46 am U.S. ET | Feb. 17, 2015
After missing a payment of more than $17 million to bondholders this month, Chassix has asked the bondholders to organize and retain advisers -- and...... Read More »

Survey: Suppliers upbeat as N.A. factories hum

12:01 am U.S. ET | Feb. 16, 2015
As North American light-vehicle output remains strong, suppliers are optimistic about their prospects for the coming year and are unfazed about...... Read More »

TRW says adjusted Q4 profits rose 26%

9:24 am U.S. ET | Feb. 13, 2015
TRW Automotive Holdings, which is being acquired by German supplier ZF Friedrichshafen AG, today said fourth-quarter adjusted earnings grew 26...... Read More »

Tower International posts Q4 gain in adjusted earnings

4:07 pm U.S. ET | Feb. 13, 2015
Tower International, a structural metal components and assemblies supplier, on Thursday reported a gain in adjusted earnings but a net loss overall...... Read More »

BorgWarner Q4 revenue rises as net income declines slightly

11:04 am U.S. ET | Feb. 12, 2015
BorgWarner, the turbocharger and emissions systems supplier, reported today fourth-quarter gains in revenues and a slight decline in net income.... Read More »

Takata widens loss forecast as airbag recall costs mount

10:03 am U.S. ET | Feb. 5, 2015
Takata, the Japanese airbag maker at the center of a safety crisis, widened its loss forecast for this fiscal year as automakers led by Honda...... Read More »

Delphi Q4 earnings rise 13% to $344 million

9:11 am U.S. ET | Feb. 5, 2015
Delphi Automotive reported earnings that slightly beat Wall Street expectations on strong performance of its electronics and safety systems as well...... Read More »

Delphi expects safety system sales to jump 50% for years

1:24 pm U.S. ET | Feb. 5, 2015
Delphi Automotive said sales of advanced vehicle-safety systems would jump 50 percent annually for the next several years.... Read More »

2 executives at Japan's Mitsuba indicted in U.S. for price-fixing

3:56 pm U.S. ET | Feb. 5, 2015
Two executives of Japanese auto parts company Mitsuba were indicted today on charges of conspiring to fix the prices of auto parts and obstruction of...... Read More »

Activist investor urges Lear to split in two for seating, electronics

11:25 am U.S. ET | Feb. 3, 2015
An activist investor is urging Lear to split in two for better shareholder value.... Read More »

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