Magna wins lidar contract with BMW Group

Magna says the contract with the BMW Group “is one of the first in the auto industry to include solid-state lidar for serial production.” The Canadian supplier developed the lidar with Innoviz.


Gentex Q1 net income up 14 percent despite production glitch

Gentex said its first-quarter net income surged 14 percent from a year earlier as the mirror and electronics supplier managed to boost mirror deliveries despite a production glitch.

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MORE SUPPLIER NEWS OEM/SUPPLIER MANUFACTURING
Nexteer maps large-scale shift to steer-by-wire

Nexteer Automotive's new suite of autonomous-driving technologies promotes steer-by-wire in various applications. Jeff Zuraski, executive director for Nexteer, spoke with News Editor Lindsay Chappell about the outlook.

UPDATED: 4/19/18 5:10 pm ET corrected
Icahn's payoff could get even bigger

Billionaire investor Carl Icahn takes Federal-Mogul to Tenneco, giving him a rich new role at Tenneco in the process.


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