Suppliers

Semiconductor demand spurs merger activity

12:01 am U.S. ET | Nov. 17, 2014
Spurred by fast-growing markets for infotainment and collision avoidance, semiconductor suppliers are bulking up with a wave of mergers.... Read More »

 

LIGHT IN ACTION

In smart headlight, 1 LED emits beams that can be controlled

12:01 am U.S. ET | Nov. 17, 2014
A German consortium is developing a "smart headlight" that would require just one LED bulb instead of the array of 25 LEDs required for an Audi A8-style high beam. The consortium led by Osram Opto Semiconductors has developed a single LED light source that can emit 256 pixels -- each a separate beam of light that can be individually controlled.... Read More »

 

HERE's looking at you -- in 3-D

12:01 am U.S. ET | Nov. 17, 2014
John Ristevski's ride always gets attention on the street. People are bound to stop and stare at a bright blue station wagon with $80,000 worth of electronics mounted on its roof and a map of the world affixed to its side. Ristevski works for HERE, the maps division of Finnish telecom company Nokia. And the technology-laded wagon is playing a key role in helping automakers such as BMW and Daimler keep pace with Google in the field of self-driving vehicles.... Read More »

 

Confessions of a price fixer

6:00 pm U.S. ET | Nov. 16, 2014
As one after another Japanese auto supplier gets snagged for price fixing, it is the unwritten rule, say insiders and lawyers, that middle managers sometimes take the fall for superiors and get rewarded for not airing the company's dirty laundry in public court. This is one such story.... Read More »

 

Supplier upheaval fueled price fixing

6:00 pm U.S. ET | Nov. 16, 2014
To hear auto industry insiders in Japan, the country's problems with bid rigging began to spiral in the early 2000s. Or, more specifically, with the arrival of Carlos Ghosn, the cost-cutting CEO who parachuted into a nearly bankrupt Nissan Motor Co. and blew up the carmaker's ossified supplier network.... Read More »

 

SLICING THE PIE

At 'bid meetings,' suppliers aimed to maintain one another's market share

6:00 pm U.S. ET | Nov. 16, 2014
When Japanese auto suppliers schemed to fix prices, it was as much about protecting market share as pumping up profits, an industry insider said. In textbook Japanese fashion, in which consensus rule trumped individual agendas, rival companies agreed to protect the status quo, lest someone was pushed out altogether.... Read More »

 

Mustang driver injured by airbag fragment in N.C. crash

10:40 pm U.S. ET | Nov. 16, 2014
Ford said on Sunday night it was cooperating with federal safety regulators investigating a report the driver of a 2007 Ford Mustang was injured in August by a metal fragment from the car's airbag.... Read More »

 

What is a recall? Automakers confuse drivers in deadly airbag saga

10:48 am U.S. ET | Nov. 16, 2014
More than 17 million cars with Takata airbags have been recalled worldwide, including over 11 million in the United States. But that number represents a patchwork of confusing safety messages to drivers: "safety improvement campaigns," informal "regional recalls," and formal recalls of certain models rather a consistent national action. The mixed messages make owners wonder how worried they should be.... Read More »

 

Rehired exec at center of Takata storm

12:01 am U.S. ET | Nov. 15, 2014
This past summer, Takata rehired a retired engineering executive to oversee its embattled quality-control operation -- an executive who is now at the center of a fresh controversy involving the company's disclosures about its defective airbags.... Read More »

 

Brembo Q3 net profit increases 51%

Nov. 15, 2014 06:15 CET
Italian brake maker Brembo reported a 51 percent rise in third-quarter net profit, boosted by higher sales and better margins. The supplier now targets sales to grow about 14 percent to 15 percent this year, up from a previous goal of 13 percent.... Read More »

 

Hertz to restate results, change fleet-purchase strategy

2:22 pm U.S. ET | Nov. 14, 2014
Hertz said today it will revise financial statements from 2011 through 2013 and continue a review that has found $87 million of errors so far. Hertz also said it's initiating a $100 million cost-reduction program and said it increased the rate at which it's selling the highest-mileage cars in its fleet by 45 percent.... Read More »

 

Executives from Japan's NSK, Jtekt indicted in U.S. for price-fixing

12:42 pm U.S. ET | Nov. 14, 2014
Two more executives from Japanese auto suppliers have been indicted as part of the Justice Department's long-running investigation into price-fixing in the auto parts industry, the government said today.... Read More »

 

Lutz's VIA Motors gets EPA certification for van

2:38 pm U.S. ET | Nov. 14, 2014
VIA Motors, a fledgling retrofitter whose chairman is veteran auto executive Bob Lutz, says it has received EPA certification for a plug-in hybrid van. The company equips vans and trucks with plug-in hybrid powertrains and sells them to fleet buyers.... Read More »

 

TIMELINE -- Takata airbag recalls

12:26 pm U.S. ET | Nov. 13, 2014
Following are some key events leading to the recall of several million cars fitted with potentially defective air bags made by Japanese supplier Takata.... Read More »

 

Takata to hike inflator output at Mexico plant

5:15 pm U.S. ET | Nov. 13, 2014
Under heavy pressure to boost output of replacement inflators for airbags amid a recall crisis, Takata is preparing to build two new production lines at its plant in Monclova, Mexico. The company said the lines should start up in January -- a delay caused by the need to install and test new tooling.... Read More »

 

Senate to hold hearing on Takata airbag recalls; company subpoenaed by U.S. grand jury

6:24 am U.S. ET | Nov. 13, 2014
A Senate Committee hearing into the recalls of defective Takata airbags that have so far been linked to five deaths is slated for next Thursday, the committee announced today. Also, the supplier earlier today confirmed it received a subpoena from a federal grand jury looking into the handling of the flawed airbags.... Read More »

 

THE GM RECALL

Delphi turns over GM recall evidence in deal with plaintiffs

3:42 pm U.S. ET | Nov. 13, 2014
Delphi Automotive agreed to give thousands of documents to lawyers suing General Motors over faulty ignition switches and to let the lawyers speak with the supplier's employees in exchange for being dropped as a defendant.... Read More »

 

Aisin Seiki to plead guilty, pay $35.8 million fine in U.S. antitrust probe

11:53 am U.S. ET | Nov. 13, 2014
Japanese auto parts giant Aisin Seiki has agreed to plead guilty and pay a $36 million criminal fine for its involvement in a conspiracy to allocate customers of variable valve timing devices, the Department of Justice said today.... Read More »

 

Honda discloses 5th Takata-linked airbag fatality, issues recall

6:46 am U.S. ET | Nov. 13, 2014
The death toll linked to defective Takata airbags grew to five today with Honda disclosing the first fatality outside the United States and calling back more cars.... Read More »

 

Former Honda executives chide CEO Ito over quality, recalls

10:03 am U.S. ET | Nov. 12, 2014
Two former Honda Motor chiefs have called on CEO Takanobu Ito this year, urging him to focus more on quality issues, increasing the pressure he's already under from federal regulators and politicians over mass airbag recalls.... Read More »

 

Takata says it modified compound involved in airbag recalls

12:12 pm U.S. ET | Nov. 12, 2014
Takata has modified the composition of an airbag propellant that contains a volatile chemical at the center of a recall of millions of cars worldwide, the company told Reuters.... Read More »

 

Takata disputes report it hid airbag tests before recall crisis

9:06 pm U.S. ET | Nov. 12, 2014
Takata said it tested airbags in 2004 for an issue separate from the flaw at the center of an auto-safety crisis, disputing a report by the New York Times last week.... Read More »

 

Carlyle’s Axalta auto-paint company rises in trading debut

4:16 pm U.S. ET | Nov. 12, 2014
Axalta Coating Systems, the former DuPont auto-paint unit now backed by Carlyle Group LP, rose in its first day of trading after raising $975 million in an initial public stock offering.... Read More »

 

Hella shares rise 4% in stock market debut

Nov. 12, 2014 12:59 CET
Shares in German automotive lighting supplier Hella rose 4 percent during their stock market debut in Frankfurt.... Read More »

 

Faurecia aims to nearly double sales in China by 2018

Nov. 12, 2014 11:07 CET
Faurecia is targeting sales of more than 4 billion euros ($4.97 billion) in China by 2018, up from the 2.3 billion euro estimated for this year. The supplier says it will invest 400 million euros in the country over the next five years.... Read More »

 

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Honeymoons, hip hires, pro photos help stores

Honeymoons, hip hires, pro photos help stores

An Audi dealership has installed a spinning photo booth to deliver consistent vehicle images to online shoppers. A webpage is designed to build a harmonious relationship between a Mercedes and its new owner. Mon., November 17
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