Suppliers

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 »

 

Superior Industries names chair, 2 interim co-CEOs

3:19 pm U.S. ET | March 27, 2014
Aluminum wheel supplier Superior Industries International has appointed a new chairman and two interim co-CEOs as it continues to search for a permanent replacement for retiring Chairman and CEO Steven Borick.... Read More »

 

BlackBerry determined to maintain lead in connected-car technology

March 27, 2014 13:48 CET
BlackBerry says it's determined to keep its lead in connected-car software, even though its share of the global smartphone market has tumbled below 1 percent, crushed by rivals Apple and Google.... Read More »

 

Saint-Gobain wins 165 million euro cut in record EU cartel fine

March 27, 2014 12:52 CET
French supplier Saint-Gobain won a 165 million euro ($227 million) reduction in its record 880 million euro EU antitrust fine for fixing car-glass prices.... Read More »

 

GM’s new recall risk: replacement ignitions

4:30 pm U.S. ET | March 26, 2014
As General Motors recalls 1.6 million vehicles that have defective ignition switches linked to at least 12 deaths, it faces another potential risk -- this time in the spare parts market. Repair shop owners say it is still possible to purchase GM brand ignition switches manufactured by Delphi Automotive carrying the same parts number as the product at the center of the recall.... Read More »

 

Toyota buying back stock for first time since 2009 as cash grows

12:51 pm U.S. ET | March 26, 2014
Toyota said it will buy back stock for the first time in five years as its cash pile swells and profit climbs. Toyota will repurchase as many as 60 million shares, equivalent to a 1.9 percent stake, for 360 billion yen ($3.5 billion), according to a statement Tuesday. The company, which last bought back stock in February 2009, plans to retire about half of those shares by the end of June.... Read More »

 

European suppliers' prospects helped by region's recovery, Moody's says

March 26, 2014 11:49 CET
European suppliers' prospects should be boosted by a recovery in domestic demand for new cars, coupled with continued emerging market growth, Moody's credit rating agency said.... Read More »

 

EU antitrust regulators raid Faurecia, Tenneco, other exhaust suppliers

March 25, 2014 17:32 CET
EU antitrust regulators raided Faurecia, Tenneco and several other auto exhaust system makers in the latest crackdown against suspected price-fixing in the auto industry.... Read More »

 

Leoni says CEO Probst will leave in June 2015

March 25, 2014 11:26 CET
German supplier Leoni said that CEO Klaus Probst will leave the company at his own request at the end of June 2015.... Read More »

 

SKF to supply transmission seals to China's Geely

March 25, 2014 11:45 CET
Swedish supplier SKF says it has signed a five-year deal to supply transmission seals to China's Zhejiang Geely Holding.... Read More »

 

Daimler, Bosch question Tesla's go-it-alone plan for German EV charging network

March 25, 2014 06:01 CET
Daimler has joined German supplier Bosch in questioning Tesla's decision to build so-called ''supercharger'' stations in Germany that only cater to the U.S. electric carmaker's vehicles.... Read More »

 

14 years after Ford-Firestone, Michigan's Upton to confront GM

8:01 am U.S. ET | March 24, 2014
Fred Upton, the Michigan Republican leading hearings on Capitol Hill into General Motors' recall of 1.6 million cars, has some of the closest ties to the automobile industry of any member of Congress.... Read More »

 

GM ignition recall may haunt Delphi

8:50 am U.S. ET | March 24, 2014
A faulty part in as many as 1.6 million vehicles could ignite legal and financial calamity for Delphi Automotive plc if it is held responsible for the actions of its bankrupt predecessor.... Read More »

 

DOUGLAS A. BOLDUC

Why Honeywell's hot streak is turbocharged in Europe

7:21 am U.S. ET | March 24, 2014
Honeywell's turbo business is on a hot streak. Six of the last eight European Car of the Year winners have gotten a boost from Honeywell, and Ferrari has hired the supplier to help power its F1 racecars.... Read More »

 

DOUGLAS A. BOLDUC

Honeywell's hot streak

7:21 am U.S. ET | March 24, 2014
Honeywell's turbo business is on a hot streak. Six of the last eight European Car of the Year winners have gotten a boost from Honeywell, and Ferrari has hired the supplier to help power its F1 racecars.... Read More »

 

Hertz adjusts fleet, eyes more retail lots

12:01 am U.S. ET | March 24, 2014
Hertz Global Holdings has brought its rental fleet closer in line with demand and expects to sell more retired vehicles directly to consumers at company-owned dealerships, CEO Mark Frissora said.... Read More »

 

Recaro's elite-seat strategy

12:01 am U.S. ET | March 24, 2014
The ice cream business has its Ben & Jerry's. The golf ball business has its Titleist. In the world of car seats, there is Recaro.... Read More »

 

U.S. chip maker muscles into rival's turf

12:01 am U.S. ET | March 24, 2014
Japan's killer 2011 earthquake was an unprecedented knockout to the country's auto industry. But for U.S. company Freescale Semiconductor Inc., it has been a business breakthrough.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, needed more used cars. But driving 150 miles to the nearest auction was time-consuming and costly. Mon., April 14
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