Suppliers

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. Lear, based in Michigan, is expected to pay more than $800 million for Eagle Ottawa, the world's largest supplier of leather to the automotive market.... 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 for spark plugs and other automotive parts, the Department of Justice said.... 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 »

 

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 4.8 billion yen ($47 million) for violating rules in a probe into industry pricing practices.... 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 »

 

Saab's owner seeks partner to secure brand's future

Aug. 19, 2014 11:15 CET
Saab's owner, National Electric Vehicle Sweden, says it is in discussions with potential partners as it seeks to restart car production and develop future models.... 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 debt-averse founder Frank Stronach.... 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. Ford's C-Max also had a strikingly lower instance of seat-related problems than any other car in the study.... Read More »

 

Continental lures Google self-driving exec in Silicon Valley push

1:22 pm U.S. ET | Aug. 18, 2014
German supplier Continental AG is growing its Silicon Valley presence to help car companies roll out autonomous driving and other “intelligent” features over the coming years -- and it has hired one of Google's self-driving car executives to lead the effort.... 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 its core automotive product.... 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. from Madison Dearborn Partners LLC for an enterprise value of $1 billion to expand in sensors that warn against low tire pressure.... 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. The protégé of the late and highly respected Dan Knott has little time to win the trust of wary suppliers.... Read More »

 

Mexico wants more Tier 2 suppliers

12:01 am U.S. ET | Aug. 18, 2014
Mexico's auto industry has launched a long-term effort to develop a national network of Tier 2 suppliers.... Read More »

 

Bosch to sell laser-based radar by '20

12:01 am U.S. ET | Aug. 18, 2014
German supplier Robert Bosch GmbH will sell a laser-based radar known as lidar by 2020 to meet demand for high-tech sensors in autos... Read More »

 

EDITORIAL

Slowdown ahead?

12:01 am U.S. ET | Aug. 18, 2014
Five years into a long, steady auto sales recovery, economists and forecasters are seeing darker clouds on the horizon.... 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 »

 

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 acquisitions.... 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 »

 

Novelis beefs up recycling of aluminum

12:01 am U.S. ET | Aug. 18, 2014
Novelis Inc. is putting its new automotive aluminum recycling line through final testing to reuse scrap from customer Ford Motor Co.... Read More »

 

ZF plans big expansion of Shanghai r&d center

Aug. 17, 2014 06:01 CET
ZF Friedrichshafen is investing 50 million euros (412 million yuan) in a fivefold expansion of its Shanghai headquarters and research hub.... Read More »

 

Mopar, 3M team up for Jeep map decals

12:01 am U.S. ET | Aug. 17, 2014
A consumer looking to personalize a Jeep Grand Cherokee, Wrangler or Cherokee designs a map online that will later be installed by a dealer on the SUV's hood.... Read More »

 

Automakers make room for Pandora

12:01 am U.S. ET | Aug. 16, 2014
Internet radio is starting to look like a must-have infotainment feature, judging by the number of Pandora users.... Read More »

 

Smartphone camera makers see next opportunity in cars

2:23 pm U.S. ET | Aug. 15, 2014
South Korean smartphone camera makers are tapping the surging yet more technologically demanding market for vehicle cameras to dull the impact of slowing growth in global handset sales.... Read More »

 

Autoliv ups focus on fast-growing active safety business

Aug. 15, 2014 06:01 CET
Autoliv, the world's largest maker of seat belts and airbags, is reorganizing to put more focus on its fast-growing, high-margin active safety business.... Read More »

 

ZF talks for TRW said to hinge on Bosch JV exit

Aug. 15, 2014 10:25 CET
ZF's ambitions to takeover TRW and become the world's No. 2 supplier are being held up by negotiations to exit a steering-systems joint venture with Robert Bosch, according to people familiar with the matter.... Read More »

 

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