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Magna to produce electric-drive powertrain with China's Huayu Automotive

Magna has signed a joint-venture agreement with Chinese company Huayu Automotive in an effort to strengthen the Canadian parts maker's footprint in China.

Industry braces for Kobe Steel scandal fallout

Global automakers and suppliers are scrambling to learn how much trouble they face after the revelation that Kobe Steel falsified inspection data on metals they used.

PACE Awards announces 33 finalists

Thirty-three innovations from 27 component and technology suppliers around the world have been selected as finalists for the 2018 Automotive News PACE Awards.

UPDATED: 10/11/17 5:07 pm ET - adds details
CSX CEO apologizes for rail delays

The CEO of CSX apologized for months of service disruptions that have affected automakers and other customers, but defended the railroad's operating strategy at a hearing called by federal regulators.

UPDATED: 10/10/17 11:08 am ET - adds details
Honeywell to spin off turbocharger business

Honeywell plans to spin off its turbocharger business into a new publicly listed company by the end of 2018. The turbocharger business is expected to generate annual revenue of about $3 billion.