Suppliers
 

Showa latest supplier to plead guilty to price-fixing, will pay $19.9 million

12:01 pm U.S. ET | April 23, 2014
Showa has agreed to plead guilty to fixing the prices of electric power steering assemblies and to pay a million fine, the Justice Department said today.... Read More »
 

JCI Q1 profit rises 59% on increase in automotive business

7:57 am U.S. ET | April 23, 2014 | UPDATED: 4/23/14 10:18 am ET -- adds details
Johnson Controls reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit.... Read More »

Plug Power, Hyundai steel supplier teaming up to make fuel cells

12:21 pm U.S. ET | April 21, 2014
Fuel cell maker Plug Power said today it had agreed to form a joint venture with South Korea's Hyundai Hysco, a steel supplier to Hyundai Motor, to develop and sell hydrogen fuel cells in Asia.... Read More »

Q&A: BOB CONRAD, SENIOR VICE PRESIDENT, AUTOMOTIVE MICROCONTROLLER DIVISION, FREESCALE SEMICONDUCTOR

Vehicles add computer power for high-tech tasks

12:01 am U.S. ET | April 21, 2014
Now that automakers are racing to add infotainment systems, collision avoidance systems and even self-adjusting seats, it seems like a good time to be in the computer business. Bob Conrad, 54, is senior vice president of Freescale Semiconductor Inc.'... Read More »

Q&A: TOM BONEY, GENERAL MANAGER, AUTOMOTIVE, NOVELIS NORTH AMERICA

Aluminum gains automotive momentum with F-150

12:01 am U.S. ET | April 21, 2014
The Ford F-150 pickup will switch to an aluminum body late this year, and more mass-market vehicles are bound to follow.... Read More »

Johnson Controls diversifies away from autos with $1.6 billion deal

2:54 pm U.S. ET | April 16, 2014
Johnson Controls, seeking to lessen its reliance on the cyclical auto industry, agreed to acquire Texas-based ventilation products company, Air Distribution Technologies, for $1.6 billion.... Read More »

Bridgestone executives indicted for auto parts price fixing

6:27 pm U.S. ET | April 15, 2014
One current Bridgestone executive and two who formerly worked for the Japanese tire company have been indicted by a federal grand jury in Cleveland for allegedly conspiring to fix automotive-part prices.... Read More »

Bosch plans automatic park system in '15

12:01 am U.S. ET | April 14, 2014
Robert Bosch GmbH says it will start producing an automatic parking system -- a step toward autonomous driving -- in 2015 for a customer it did not identify.... Read More »

Aisin Seiki is among suppliers involved in Toyota's recalls, report says

7:34 am U.S. ET | April 11, 2014
Aisin Seiki is among suppliers involved in Toyota's recall of more than 6 million vehicles, a person familiar with the matter told Bloomberg.... Read More »

Eberspaecher to launch $122 million expansion, create 545 jobs in Michigan

4:12 pm U.S. ET | April 9, 2014
Automotive exhaust and HVAC supplier Eberspaecher North America is investing $122 million to expand operations in Michigan.... Read More »

Airbag, seat belt supplier Key Safety expected to be sold to Chinese firm, report says

6:32 am U.S. ET | April 8, 2014
Key Safety Systems, a maker of components for the auto industry, is close to being bought by Chinese private equity company FountainVest Partners for as much as $800 million, people with knowledge of the matter told Bloomberg.... Read More »

Safety innovators win 3 PACE Awards

9:15 pm U.S. ET | April 7, 2014
Sixteen suppliers won awards for innovations in products and manufacturing processes, including three for safety features. The awards are sponsored by Automotive News, EY and Transportation Research Center.... Read More »

IDEA FACTORIES

Innovation is quirky, but suppliers coax ideas with well-tested methods

12:01 am U.S. ET | April 7, 2014
To mark the 20th anniversary of the competition, this story looks at the state of supplier innovation, and lessons learned over the years.... Read More »

Backup camera mandate boosts suppliers

8:09 am U.S. ET | April 5, 2014
The biggest beneficiary of the new federal mandate for rearview cameras is likely to be Magna International, which claims 40 percent of the North American market for the equipment.... Read More »

Budd Co. files for bankruptcy protection to modify retiree benefits

11:04 am U.S. ET | April 1, 2014
Budd Co., a former maker of auto parts and stainless steel passenger rail cars, filed for bankruptcy protection to modify benefits that it can't fully pay.... Read More »

Antitrust regulators raid exhaust makers

12:01 am U.S. ET | March 31, 2014
European Union antitrust regulators raided Tenneco Inc. and several other auto exhaust systems makers in the latest crackdown against suspected price fixing in the global auto industry.... Read More »

Superior Industries names chair, 2 interim co-CEOs

3:19 pm U.S. ET | March 27, 2014
Aluminum wheel supplier Superior Industries International has appointed a new chairman and two interim co-CEOs as it continues to search for a permanent replacement for retiring Chairman and CEO Steven Borick.... Read More »

GM ignition recall may haunt Delphi

8:50 am U.S. ET | March 24, 2014
A faulty part in as many as 1.6 million vehicles could ignite legal and financial calamity for Delphi Automotive plc if it is held responsible for the actions of its bankrupt predecessor.... Read More »

U.S. chip maker muscles into rival's turf

12:01 am U.S. ET | March 24, 2014
Japan's killer 2011 earthquake was an unprecedented knockout to the country's auto industry. But for U.S. company Freescale Semiconductor Inc., it has been a business breakthrough.... Read More »

Recaro's elite-seat strategy

12:01 am U.S. ET | March 24, 2014
The ice cream business has its Ben & Jerry's. The golf ball business has its Titleist. In the world of car seats, there is Recaro.... Read More »

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