Valeo second-half net income falls 24% on r&d push, U.S. tax charge

Valeo's net income fell 24 percent in the second half of 2017 as the supplier faced adverse exchange rates and raw material prices, invested more into r&d and took a one-off tax charge.


Delphi Technologies posts record quarterly revenue, higher operating income

In its first quarterly report since Delphi Automotive split, Delphi Technologies reported record revenue and higher operating income.

MORE SUPPLIER NEWS OEM/SUPPLIER MANUFACTURING
Magna Q4 sales up on BMW, Jaguar launches

Canadian supplier Magna International reported stronger fourth-quarter profits and revenue, driven by more business in Europe and the launch of new cars for BMW and Jaguar.

Another reinvention for AxleTech

Detroit's heavy-duty and off-road axle and brake maker AxleTech is being reborn as a supplier to electric garbage trucks, buses and construction vehicles.

Adient stumbles, but barrels ahead

Adient reported a painful financial quarter, but more than a year into its makeover, the seating giant is determined to stay focused on future products.

Changes grip embattled GKN

GKN has changed CEOs, embarked on a two-year profit drive and now is battling a hostile takeover -- all while launching its advanced eDrive technology.

Faurecia profit rises 34% in 2017

Faurecia's net income in 2017 climbed 34 percent to 714.5 million euros ($896.4 million), as the supplier saw strong growth across all its main markets.

Takata, U.S. government tangle over victim payments

Airbag supplier Takata and the U.S. government have agreed how to divvy up $850 million in restitution payments to automakers, but the two still are debating in court over which victims will receive the remaining $125 million.


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