Suppliers

THE GM RECALL

Deadly GM ignition switches started with 2003 Saturn Ion

3:13 pm U.S. ET | April 11, 2014
The 2003 Saturn Ion was supposed to be a pivotal car for GM. Instead, it came to represent the compromises and corner cutting that almost destroyed GM and now find the company in a global recall of some of its most popular models. The Ion debuted two years before the Chevy Cobalt, the model most associated with the current recall of 2.6 million vehicles, and it was the first car with the defective ignition switch linked to at least 13 deaths, when engines turned off, disabling airbags.... Read More »

 

Aisin Seiki is among suppliers involved in Toyota's recalls, report says

7:34 am U.S. ET | April 11, 2014
Aisin Seiki is among suppliers involved in Toyota's recall of more than 6 million vehicles, a person familiar with the matter told Bloomberg. The company made the seat rails involved in the April 9 recall and will discuss the costs with Toyota, the person said, asking not to be identified because the discussions are private.... Read More »

 

Eberspaecher to launch $122 million expansion, create 545 jobs in Michigan

4:12 pm U.S. ET | April 9, 2014
Automotive exhaust and HVAC supplier Eberspaecher North America is investing $122 million to expand operations in Michigan. The five-year expansion plan, beginning in late 2014, is expected to create 545 new jobs to accommodate its growth, the German auto supplier said in an announcement today.... Read More »

 

Rainbow PUSH targets new imbalance with Japan

11:36 am U.S. ET | April 9, 2014
Mention trade deficits with Japan, and the phrase usually conjures the 1980s trade wars with Tokyo over the flood of made-in-Japan imports to the United States. But for civil rights leader Jesse Jackson, there is a new trade gap with Japan.... Read More »

 

Airbag, seat belt supplier Key Safety expected to be sold to Chinese firm, report says

6:32 am U.S. ET | April 8, 2014
Key Safety Systems, a maker of components for the auto industry, is close to being bought by Chinese private equity company FountainVest Partners for as much as $800 million, people with knowledge of the matter told Bloomberg.... Read More »

 

Continental aims to more than double sales at rubber, plastics unit

April 8, 2014 13:11 CET
Continental says it has a goal of more than doubling sales at its rubber and plastics unit, Contitech, to over 11 billion euros ($15.1 billion) within the next decade.... Read More »

 

Magna will halt founder Stronach's compensation at end of 2014

April 8, 2014 11:10 CET
Canadian supplier Magna International paid $52 million in consulting fees to billionaire founder Frank Stronach in 2013, but the company is stressing that his compensation will stop at the end of this year.... Read More »

 

Safety innovators win 3 PACE Awards

9:15 pm U.S. ET | April 7, 2014
Sixteen suppliers won awards for innovations in products and manufacturing processes, including three for safety features. The awards are sponsored by Automotive News, EY and Transportation Research Center. Winners were selected by independent judges.... Read More »

 

IDEA FACTORIES

Innovation is quirky, but suppliers coax ideas with well-tested methods

12:01 am U.S. ET | April 7, 2014
To mark the 20th anniversary of the competition, this story looks at the state of supplier innovation, and lessons learned over the years.... Read More »

 

Magna says Stronach payouts end this year after $52 million in consulting fees in 2013

3:52 pm U.S. ET | April 7, 2014
Canadian auto supplier Magna International paid $52 million in consulting fees to billionaire founder Frank Stronach in 2013, but the company is stressing that his compensation will stop at the end of this year.... Read More »

 

Aisin Seiki names Toyota veteran Yoshiaki Kato as tech center president

3:20 pm U.S. ET | April 7, 2014
Japanese supplier Aisin Seiki today said Yoshiaki “Yoshi” Kato has become president of the Aisin Technical Center of America in Plymouth, Mich., near Detroit.... Read More »

 

40 UNDER 40 -- AUTOMAKERS AND SUPPLIERS

Today's 30-somethings, tomorrow's Iacoccas

12:01 am U.S. ET | April 7, 2014
When a 30-something gets a critically important executive position usually entrusted to a 50-something, well, Automotive News pays close attention. That's because -- late bloomers aside -- these are the young titans who tend to climb to the upper echelons of their companies.... Read More »

 

Backup camera mandate boosts suppliers

8:09 am U.S. ET | April 5, 2014
The biggest beneficiary of the new federal mandate for rearview cameras is likely to be Magna International, which claims 40 percent of the North American market for the equipment. Other suppliers such as Delphi Automotive, Gentex, Panasonic and Valeo also are poised to profit.... Read More »

 

Energy Dept. dangles low-interest financing for suppliers

3:15 pm U.S. ET | April 2, 2014
The department of energy wants auto suppliers to know that it still has $16 billion in low-interest financing available to support efficient-vehicle programs, and it wants them to step forward for a share of those funds.... Read More »

 

Jesse Jackson leads minority trade mission to Japan's automakers

7:02 am U.S. ET | April 2, 2014
Jesse Jackson is leading a Rainbow PUSH Coalition trade mission to meet with the heads of Japan's leading automakers later this week, in order to increase the representation of minority interests in management, suppliers and dealerships.... Read More »

 

Budd Co. files for bankruptcy protection to modify retiree benefits

11:04 am U.S. ET | April 1, 2014
Budd Co., a former maker of auto parts and stainless steel passenger rail cars, filed for bankruptcy protection to modify benefits that it can't fully pay.... Read More »

 

UK engineering firm GKN buys Williams F1 team's hybrid unit

April 1, 2014 13:30 CET
A division of UK engineering group GKN has purchased Williams Grand Prix Engineering's hybrid unit for 9.7 million euros. The unit has helped to develop flywheel technology for Audi and Porsche endurance racecars.... Read More »

 

Daimler to acquire Evonik's stake in battery cell venture Li-Tec

April 1, 2014 11:48 CET
Daimler will acquire Evonik Industries' 50.1 percent stake in their Li-Tec joint venture, making it the sole owner of the lithium ion battery cell manufacturer.... Read More »

 

Hyundai chief Chung Mung-koo earned $13 million last year

7:39 am U.S. ET | March 31, 2014
Hyundai Motor Chairman Chung Mong-koo earned a combined 14 billion Korean won ($13.09 million) in pay last year from the South Korean automaker and its two key affiliates in their first such disclosure under new rules.... Read More »

 

Ballard CEO says fuel cell resurgence no repeat of past bubble

March 31, 2014 11:44 CET
Ballard Power Systems Inc. is poised to report the first profit in its 21-year history as a public company, evidence the fuel cell maker isn't heading for a repeat of the 2000 technology bust.... Read More »

 

Ukraine crisis makes Andersson's turnaround of AvtoVAZ tougher

12:01 am U.S. ET | March 31, 2014
Bo Andersson, the new CEO of Russia's No.1 carmaker AvtoVAZ, is battling to revive the business amid economic uncertainty caused by the Crimea crisis.... Read More »

 

Antitrust regulators raid exhaust makers

12:01 am U.S. ET | March 31, 2014
European Union antitrust regulators raided Tenneco Inc. and several other auto exhaust systems makers in the latest crackdown against suspected price fixing in the global auto industry.... Read More »

 

Tesla, citing environment, to use North American materials for battery plant

12:49 am U.S. ET | March 29, 2014
Tesla plans to source all the raw materials for its proposed $5 billion U.S. battery factory in North America. The move comes amid heightened interest in curbing graphite pollution and a widespread corporate sensitivity about avoiding the use of industrial minerals from troubled parts of the world.... Read More »

 

Panasonic hesitant to commit to Tesla battery factory

11:04 pm U.S. ET | March 27, 2014
Panasonic, Tesla's primary supplier of lithium ion cells for its electric Model S sedans, hasn't committed to investing in the massive U.S. battery plant proposed by Tesla's Elon Musk.... Read More »

 

Enterprise expands car-sharing business into Canada

6:23 pm U.S. ET | March 27, 2014
Enterprise Holdings’ Canadian subsidiary has purchased a car-sharing company in Toronto. Enterprise Rent-A-Car Canada’s acquisition of AutoShare CarSharing Network is the Canadian subsidiary’s first entry into the car-sharing business.... Read More »

 

Subscribe
Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
News by Brand


Rocket Fuel