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Visteon CEO battle: 'Vendetta' or get-tough stance?

Visteon, in disclosing the online porn and prostitution pursuits of former CEO Tim Leuliette, appears to have joined a movement among corporations to air executive indiscretions rather than sweep them under the rug.

UPDATED: 6/15/18 5:54 pm ET - adds details

VW could face further fines from German authorities

VW could face additional fines in Germany on top of the 1 billion euros it has been told to pay for management lapses that caused emissions cheating on 11 million VW diesel cars.

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MORE SUPPLIER NEWS OEM/SUPPLIER MANUFACTURING
Visteon CEO battle: 'Vendetta' or get-tough stance?

Visteon, in disclosing the online porn and prostitution pursuits of former CEO Tim Leuliette, appears to have joined a movement among corporations to air executive indiscretions rather than sweep them under the rug.

UPDATED: 6/15/18 5:54 pm ET - adds details
GM exploring strategic options, possible spin-off of Cruise unit

GM has begun researching strategic options for Cruise Automation that include a public sale of shares, listing a separate tracking stock, or spinning off the unit, Bloomberg reported, citing people familiar with the matter. GM won't make a decision until Cruise is further along in development and may not take any action for a couple of years, if at all.

Design innovations spark Pierburg investments

The project illustrates a trend in manufacturing capital spending today: As auto suppliers roll out new technologies, many are relying on more automated production processes to make the work fit into their existing space.

Growth key for next BorgWarner CEO

Incoming BorgWarner CEO Frederic Lissalde says he will focus on business growth, customer relationships, product strategy and growth execution. Former CEO James Verrier announced his retirement last week.

UPDATED: 6/7/18 11:43am ET -- adds Lissalde comment
BorgWarner CEO James Verrier to step down

BorgWarner CEO James Verrier is stepping down at the age of 55 and will serve in a nonexecutive advisory role until he retires in February. COO Frederic Lissalde will replace Verrier, effective Aug. 1.


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