Suppliers
 

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

4:54 pm U.S. ET | Aug. 27, 2014 | UPDATED: 8/27/14 6:45 pm ET
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 »

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.... 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,...... 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...... 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...... 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...... Read More »

Lear to buy leather supplier Eagle Ottawa for $800 million, reports say

5:46 pm U.S. ET | Aug. 19, 2014
Lear is finalizing a deal to acquire automotive seat leather supplier Eagle Ottawa, media reports said, citing sources close to the deal.... Read More »

Japan's NGK pleads guilty, to pay $52.1 million U.S. fine for price fixing

5:10 pm U.S. ET | Aug. 19, 2014
Japanese supplier NGK Spark Plug agreed to plead guilty and pay a $52 million criminal fine over its role in a conspiracy to fix prices and rig bids...... Read More »

Magna CEO in a shopping mood in post-Stronach era

6:54 am U.S. ET | Aug. 19, 2014
Magna International, the largest auto supplier in North America, will consider purchases of as much as $4 billion as it distances itself from...... Read More »

A123 hires former JCI executive as chief technology officer

7:49 am U.S. ET | Aug. 19, 2014
A123 Systems hired former Johnson Controls executive Patrick Hurley as its new chief technology officer.... Read More »

2 Japanese suppliers fined in China's antitrust crackdown

6:23 am U.S. ET | Aug. 19, 2014
China's antitrust regulator fined Japanese bearing makers NSK Ltd. and NTN Corp. a combined 4.... Read More »

Aisin's North American growth drives more investment, new HQ

10:51 am U.S. ET | Aug. 19, 2014
Aisin opened a new North American headquarters in suburban Detroit in July as part of the foreign subsidiary's ongoing growth stateside.... Read More »

Chrysler purchasing chief faces tall order

12:01 am U.S. ET | Aug. 18, 2014
So much for Tom Finelli's honeymoon phase as Chrysler Group's new purchasing chief for North America.... Read More »

Toyota makes stronger showing in J.D. Power seat quality study

2:25 pm U.S. ET | Aug. 18, 2014
Toyota made sizable gains in a JD Power seat quality study, with six of the 21 vehicles recognized for superior seating, two more than last year.... Read More »

Sensata to buy pressure-sensor maker Schrader in $1 billion deal

7:28 am U.S. ET | Aug. 18, 2014
Sensata Technologies Holding NV plans to buy Schrader International Inc.... Read More »

EDITORIAL

Loose lips can sink supplier-carmaker relationships

12:01 am U.S. ET | Aug. 18, 2014
Chrysler CEO Sergio Marchionne wants some of the profits that suppliers are getting.... Read More »

Suppliers see money in software

12:01 am U.S. ET | Aug. 18, 2014
Harman International, a top producer of speakers and other in-car audio equipment, plans to ease out of hardware so it can concentrate on software as...... Read More »

Suppliers prepare for growth, allocate more funds for M&A

12:01 am U.S. ET | Aug. 18, 2014
North American suppliers are budgeting more funds for mergers and acquisitions as they seek to boost market share and expand product lineups.... Read More »

Confident parts makers plan to expand and hire

12:01 am U.S. ET | Aug. 18, 2014
Flush with cash and fat order books, North American suppliers are increasing capital expenditures, hiring workers and raising funds for possible...... Read More »

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