SuppliersAudi to suppliers: Come to Mexico 12:01 am U.S. ET | May 13, 2013 Audi AG brought more than 100 supplier executives to Mexico in early May, wooing them with a ride through the countryside that left their matching white Q5 crossovers splotched with mud. And the courtship came with a firm message: If you want to supply the next Q5, consider setting up shop in Mexico.... Read More »
Analysts: Used-pickup prices keep truckin' 12:01 am U.S. ET | May 13, 2013  Used-vehicle prices have peaked for 2013 and are expected to stabilize lower than in 2011 and 2012, but higher than before the recession, analysts say. They also say that strong demand for full-sized pickups will buoy prices in that segment.... Read More »
Honeywell chooses Hahn to head auto divisionMay 10, 2013 12:53 CET  Honeywell has named Terrence Hahn president and CEO of its Transportation Systems division, which is a leading maker of turbocharges that counts on Europe for more than half its sales. He starts May 20.... Read More »
Airbag supplier Takata names first foreign presidentMay 10, 2013 19:25 CET  Japan's Takata, reeling from its role in a global airbag recall, said today it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post.... Read More »
Magna stock hits record high as Q1 profits improve, forecast rises 9:56 am U.S. ET | May 10, 2013  Magna International shares hit a record high today as the Canadian supplier hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter.... Read More »
Penske raises dividend 7% 3:52 pm U.S. ET | May 10, 2013  Penske Automotive Group increased its quarterly dividend by 7 percent, to 15 cents per share, for the first quarter, the company announced today.... Read More »
NLRB likely to certify UAW to represent Flex-N-Gate workers at Texas plant 3:48 pm U.S. ET | May 10, 2013 The National Labor Relations Board likely will issue a certification today confirming the UAW as bargaining representative for hourly workers at a Flex-N-Gate Corp. plant in Arlington, Texas.... Read More »
Airbag supplier Takata names first foreign president 1:25 pm U.S. ET | May 10, 2013  Japan's Takata, reeling from its role in a global airbag recall, said today it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post.... Read More »
Longtime supplier exec McClure out as Meritor CEOMay 10, 2013 06:01 CET  Longtime auto supplier executive Charles "Chip" McClure has departed as chairman, CEO and president of commercial truck supplier Meritor.... Read More »
Bosch launches residential EV charger in U.S. for under $450May 10, 2013 06:01 CET  A unit of German supplier Robert Bosch GmbH said it will begin selling an electric-vehicle residential charging station in the United States for a retail price below $450.... Read More »
Visteon reports $69 million profit for first quarterMay 10, 2013 06:01 CET  Visteon, the restructured electronics and climate controls supplier, reported major gains in first-quarter profits and revenue on higher vehicle production in Asia and North America.... Read More »
Bosch launches residential EV charger for under $450 4:52 pm U.S. ET | May 9, 2013  A unit of German supplier Robert Bosch GmbH said it will begin selling an electric-vehicle residential charging station for a retail price below $450.... Read More »
Visteon reports $69 million profit for first quarter 9:00 am U.S. ET | May 9, 2013  Visteon, the restructured electronics and climate controls supplier, reported major gains in first-quarter profits and revenue on higher vehicle production in Asia and North America.... Read More »
Microsoft wants to become key player in auto softwareMay 9, 2013 06:01 CET  Having reshaped a big piece of the world's economy around its Windows software, Microsoft 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 »
Tesla 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 »
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