Gentex boosts Q2 net income 23%
Mirror supplier Gentex reported a healthy gain in net income for the second quarter, but trimmed its full-year 2018 revenue guidance slightly.
Faurecia raises outlook after first-half profit rises 10%
Faurecia raised its 2018 outlook after reporting that first half profit rose 10.2 percent to to 342 million euros, while sales climbed 5.2 percent.
Fiat Chrysler prepares for Magneti Marelli spinoff
Fiat Chrysler has kicked off its planned spinoff of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, Reuters reported.
Tesla's battery maker suspends cobalt supplier amid sanctions concern
Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions.
Asahi Kasei to buy interiors supplier Sage for $1.1 billion
Asahi Kasei, as part of a long-term strategy to triple its automotive business, said it plans to acquire U.S. interiors supplier Sage Automotive Interiors in a deal valued at $1.1 billion.
Vietnam's Vinfast will unveil Italian-designed crossover and sedan
Vietnamese automaker Vinfast will use the Paris auto show to raise its global profile by unveiling two production-ready models, designed by Italy's Pininfarina.
Brose expects $5 million in costs this year from Trump's tariffs
Brose Group CEO Kurt Sauernheimer and Brose North America President Frank Lubischer talked tariffs, technology production and emissions with reporters Wednesday.
Audit report faults U.S. oversight of auto safety recalls, Takata inflators
A government audit faulted NHTSA's oversight of auto recalls and said the agency's “delayed action” may have hindered the callbacks of vehicles with defective Takata airbags.
Thyssenkrupp moves toward possible breakup as CEO, chairman depart
Thyssenkrupp -- a key supplier of automotive steel -- could be moving closer toward breaking up after its CEO and chairman both resigned in opposition to the proposed split of the conglomerate.
Continental prepares IPO for powertrain unit in mid-2019
Continental AG, the world's fourth-largest auto supplier, is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the company's biggest overhaul in decades.
Ex-Apple engineer pleads not guilty in trade secret theft case
A former Apple engineer charged with stealing driverless car secrets for a Chinese startup pleaded not guilty in federal court in San Jose, Calif.
Ford agrees to $299.1 million Takata 'economic loss' settlement
Ford agreed to a $299.1 million so-called economic loss settlement covering at least 6 million U.S. vehicles with potentially faulty Takata airbag inflators, court documents show.
Magna isn't 'de-merging,' says Walker
Magna International is bucking a trend. It's CEO, Don Walker says the company isn't separating autonomous vehicles from its mainstream operations.
Number to watch: $41 billion
A forecast for two aftermarket trade groups predicts aftermarket parts sales will hit $327 billion in 2021, a $41 billion dollar increase over 2017 levels.
U.S. lights come on for China's Rebo
Chinese auto supplier Rebo enters the North American market with its purchase of Federal-Mogul's lighting division.
Pininfarina shows some PDA for PF0
Automobili Pininfarina is stoking the fires of its first vehicle, the PF0. The brand revealed new teaser photos of its full-electric hypercar's exterior last week.
Adding scents to prevent carsickness
International Automotive Components Group is researching adding scents that would serve a purpose to the vehicle occupants: preventing motion sickness.