SuppliersTesla shares surge 24% after 1st quarterly profit 5:21 pm U.S. ET | May 8, 2013  Tesla shares surged 24 percent today after the company posted its first quarterly profit in its 10-year history, driven by sales of the battery-powered Model S sedan.... Read More »
BMW recalls 220,000 vehicles in Takata airbag issueMay 7, 2013 15:54 CET  BMW said it is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 as part of a wider recall affecting airbags made by supplier Takata.... Read More »
BMW recalls 220,000 vehicles in Takata airbag issue 9:54 am U.S. ET | May 7, 2013  BMW said it is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 as part of a wider recall affecting airbags made by supplier Takata.... Read More »
Growing Audi demand prompts TRW to boost output at new Romania plantMay 7, 2013 11:09 CET  TRW will boost production at a new eastern European factory on growing demand from Audi and other automakers. The U.S. supplier plans a fivefold output boost at a steering wheel leather wrapping plant in Baia Mare, Romania, that opened in January.... Read More »
Microsoft wants to become key player in auto software 12:01 am U.S. ET | May 6, 2013  Having reshaped a big piece of the world's economy around its Windows software, Microsoft Corp. now wants to do the same thing in the car business. What the Seattle giant sees there says as much about the future of cars as it does about itself.... Read More »
LG Chem to start production at Mich. car battery plant in July 1:52 pm U.S. ET | May 6, 2013 South Korean battery maker LG Chem plans to begin commercial production at its Michigan factory in July and will initially supply its products to General Motors' Volt electric vehicles.... Read More »
Longtime supplier exec McClure out as Meritor CEO 12:06 pm U.S. ET | May 6, 2013  Longtime auto supplier executive Charles "Chip" McClure has departed as chairman, CEO and president of commercial truck supplier Meritor, the company said today.... Read More »
AUTOMOTIVE NEWS EUROPE CONGRESS 2013 What's next for suppliers in a changing Europe?May 6, 2013 06:01 CET Parts suppliers are being tested in the European marketplace like never before. Sales have fallen dramatically and the industry is under enormous macroeconomic pressure. How is the relationship changing between carmakers and their original equipment suppliers? The 16th Automotive News Europe Congress will explore answers to those questions on June 12 in Paris.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE The making of LaFerrariMay 6, 2013 06:01 CET  Ferrari's limited-edition supercars are special. Ferrari Chairman Luca Cordero di Montezemolo says the new LaFerrari is no exception because of features such as the supercar's gasoline-electric hybrid powertrain, F1-inspired carbon fiber cockpit and a state-of-the-art aerodynamics.... Read More »
What's next for suppliers in a changing Europe? 12:01 am U.S. ET | May 6, 2013 Parts suppliers are being tested in the European marketplace like never before. Sales have fallen dramatically and the industry is under enormous macroeconomic pressure. How is the relationship changing between carmakers and their original equipment suppliers? The 16th Automotive News Europe Congress will explore answers to those questions on June 12 in Paris.... Read More »
Chrysler: No minority buying, no bids 12:01 am U.S. ET | May 6, 2013  Chrysler Group is serious about spending more with minority-owned suppliers and has penalized four Tier 1s that aren't following its lead. The four lost the ability, at least temporarily, to bid on future contracts.... Read More »
Flex-N-Gate workers at Texas plant vote to join UAW 12:01 am U.S. ET | May 6, 2013 After a contentious organizing drive, hourly workers at a Flex-N-Gate Corp. plant in Arlington, Texas, voted last week to join the UAW. The bumper supplier, which has more than 12,000 employees at 59 sites worldwide, has been a high-profile target of the UAW.... Read More »
2nd lives for EV batteries could cut prices 12:01 am U.S. ET | May 6, 2013  Lithium ion battery packs that power some electrified vehicles could end up feeding juice into the electrical grid -- a development that could cut EV ownership costs.... Read More »
How cars will get more helpful 12:01 am U.S. ET | May 6, 2013 Technologies already exist that will allow cars of the future to perform new tricks to wow consumers. The first challenge, according to auto technology companies such as Microsoft Corp. is to refine their execution... Read More »
Enterprise promotes founder's granddaughter to key post 4:16 pm U.S. ET | May 3, 2013 Enterprise Holdings has promoted Christine Taylor-Broughton, the granddaughter of the car rental company's founder, to senior vice president of North American operations effective immediately.... Read More »
American Axle Q1 earnings fall on debt refinance, program costs 1:44 pm U.S. ET | May 3, 2013  Auto parts maker American Axle & Manufacturing said net income fell 86 percent in the first quarter, citing debt refinancing and high costs for new-vehicle launches.... Read More »
Continental sticks to 2013 targets on raw material cost dropMay 3, 2013 09:04 CET  Continental reiterated targets for 2013 as declining raw material costs and new products are offsetting a sixth year of contraction in its home region's car market.... Read More »
Flex-N-Gate workers in Texas vote to join UAW 4:10 pm U.S. ET | May 2, 2013  Hourly workers at a Flex-N-Gate plant in Arlington, Texas, voted to join the UAW on Wednesday. Of the 73 employees eligible to vote, 51 voted in favor of union representation and 22 opposed, the National Labor Relations Board said today. The NLRB conducted the election.... Read More »
Alcoa plans to expand Tenn. plant to meet automotive demand 10:04 am U.S. ET | May 2, 2013  Alcoa, the nation's largest aluminum producer, will expand a plant in Tennessee to meet increasing demand for the lightweight metal in cars and trucks.... Read More »
Delphi Q1 profit drops as sales fall in Europe, N.A.May 2, 2013 06:01 CET  Delphi Automotive reported a 20 percent drop in first-quarter profit as lower sales in Europe and North America more than offset gains in Asia and South America.... Read More »
Delphi Q1 profit drops as sales fall in Europe, N.A. 10:10 am U.S. ET | May 1, 2013  Delphi Automotive reported a 20 percent drop in first-quarter profit as lower sales in Europe and North America more than offset gains in Asia and South America.... Read More »
Magna parts factory explosion puts 5 in hospital 3:38 pm U.S. ET | May 1, 2013 Magna International said an explosion at a Newmarket, Ontario, factory sent five employees to the hospital. The injuries are not life-threatening, Magna spokeswoman Tracy Fuerst said today.... Read More »
Faurecia, China's Changan form JV to make interior partsMay 1, 2013 13:28 CET Faurecia has formed a joint venture with China's Changan Automobile Group that will build two factories to produce instrument panels, door panels, consoles and other interior components.... Read More »
Valeo expects to double China sales by 2015May 1, 2013 10:41 CET  French supplier Valeo expects annual sales in China to reach 20 billion yuan ($3.2 billion) by 2015, doubling its 2012 revenues.... Read More »
TRW Q1 profits fall 21%, but Europe troubles mitigatedMay 1, 2013 06:01 CET  Safety and braking components supplier TRW Automotive's first-quarter profits fell, but results from China and elsewhere helped mitigate reduced business in the troubled European market.... Read More »
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