Suppliers

PSA winds down hybrid air fuel-saving project, still seeks partner to share costs

Jan. 22, 2015 12:45 CET
PSA/Peugeot-Citroen said it will continue development of its Hybrid Air technology to reduce fuel use, despite reports in the French press that the project almost certainly will not see commercialization.... Read More »

 

Chinese aerospace firm pursues acquisition of U.S. supplier Henniges, report says

6:34 am U.S. ET | Jan. 22, 2015
AVIC, China's biggest aerospace company, is among bidders pursuing an acquisition of US auto supplier Henniges Automotive Holdings, people with knowledge of the matter told Bloomberg. AVIC could pay $1 billion for the acquisition, Bloomberg reported.... Read More »

 

Toyota supplier weighs raising airbag capacity as demand climbs

9:35 am U.S. ET | Jan. 21, 2015
Toyoda Gosei, a supplier part-owned by Toyota, is considering increasing its capacity for making airbags to cater to expanding global demand for the safety devices.... Read More »

 

Schaeffler shifts 34% Continental stake off balance sheet

Jan. 21, 2015 10:58 CET
Schaeffler says a 34 percent stake in rival Continental has been shifted off the books in a move toward a possible stock market listing. Schaeffler borrowed heavily to buy Continental in 2008 in a deal that unraveled during the financial crisis.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Michelin CEO aims to win share from Chinese rivals

Jan. 21, 2015 07:48 CET
Michelin aims to counter rising pressure from low-cost Chinese brands in Europe and North America by increasing the number of cheaper tires it offers from budget subbrands, the tire maker's CEO, Jean-Dominique Senard, told Automotive News Europe.... Read More »

 

THE TAKATA AIRBAG RECALL

Takata airbag review panel members named by Skinner

10:52 am U.S. ET | Jan. 20, 2015
Former Transportation Secretary Samuel Skinner said six experts -- including Cerberus Chairman John Snow -- will serve on an independent panel that will oversee Takata's efforts to ensure that its airbag inflators meet federal safety standards.... Read More »

 

Google's self-driving car underpinned by Detroit area suppliers

11:39 am U.S. ET | Jan. 20, 2015
The fate of Google's self-driving car rests in the hands of Roush Industries and several other Detroit area suppliers. Roush, an engineering and specialty manufacturing company known for its custom Ford Mustang models, will assemble a test fleet of 100 Google prototypes in 2015.... Read More »

 

Japan's Daicel to lift inflator output after Takata recalls

8:48 pm U.S. ET | Jan. 19, 2015
Japan's Daicel said it would boost production of airbag inflators to meet demand for the component at the heart of rival Takata's quality problems, which have led to the recall of more than 24 million vehicles worldwide since 2008.... Read More »

 

Hyundai posts biggest gain in global patent filings, report says

1:07 pm U.S. ET | Jan. 19, 2015
Hyundai posted the biggest gains in the number of patent filings over the past five years, narrowing the gap with industry leader Toyota, according to an analysis of global patent applications released today.... Read More »

 

2015 AUTOMOTIVE NEWS WORLD CONGRESS

Google car project finds friends in industry

12:01 am U.S. ET | Jan. 19, 2015
Chris Urmson, the director of Google's autonomous driving project, revealed at the Automotive News World Congress last week that Google is working closely with global suppliers such as Bosch and Continental to build the prototypes that it plans to begin testing on California roads this year.... Read More »

 

2015 AUTOMOTIVE NEWS WORLD CONGRESS

Good times won't last forever, analyst says

12:01 am U.S. ET | Jan. 19, 2015
The U.S. auto industry is in good shape. But the good times won't last forever, so watch your balance sheets and don't blow it. That was the advice to automakers from John Murphy, lead U.S. auto analyst in equity research with Bank of America Merrill Lynch.... Read More »

 

2015 AUTOMOTIVE NEWS WORLD CONGRESS

Purchasing chief: Thriving suppliers are good for GM

12:01 am U.S. ET | Jan. 19, 2015
If Sergio Marchionne, CEO of Fiat Chrysler Automobiles, is looking for an ally to wring price concessions from suppliers, he won't find one in Steve Kiefer, General Motors' newly installed head of purchasing.... Read More »

 

NEWS ANALYSIS

After '11 quake, Renesas is ready for next disaster

12:01 am U.S. ET | Jan. 19, 2015
At the International CES this month, chipmakers such as Renesas, Nvidia and Freescale were eager to brag about their readiness to supply the silicon brains for infotainment and driverless cars. But when I chatted with Ali Sebt -- chief of Renesas' U.S. operations -- I was preoccupied with thoughts of floods, earthquakes and fires.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Honeywell turbo boss expects to gain from hot sector's growth

Jan. 16, 2015 06:01 CET
Honeywell, the world's leading turbocharger supplier, foresees big gains for the performance-boosting, CO2-reducing technology, Terrence Hahn, CEO of the Switzerland-based Honeywell business unit, told Automotive News Europe.... Read More »

 

THE TAKATA RECALL CRISIS

Takata recalls prompt Japan to consider supplier regulations

6:34 am U.S. ET | Jan. 16, 2015
Japanese Transport Minister Akihiro Ohta said today his ministry was considering whether to revise existing laws to beef up oversight of auto suppliers in the wake of massive recalls of Takata airbags.... Read More »

 

Hyundai Mobis to build $418 million parts factory in Mexico

6:29 am U.S. ET | Jan. 16, 2015
Hyundai Mobis, an automotive parts affiliate of Hyundai Motor and Kia Motors, said it has signed a deal to build a $417.71 million factory in Mexico to meet demand from the South Korean automakers.... Read More »

 

Two Italian suppliers pick Indiana for new U.S. operations

4:12 pm U.S. ET | Jan. 15, 2015
Two Italian auto suppliers -- OMR Automotive and Sirmax -- today picked Indiana for significant new operations, Indiana Gov. Mike Pence announced.... Read More »

 

Autoliv has contracts for 25 million replacement Takata airbag inflators

12:39 pm U.S. ET | Jan. 15, 2015
Autoliv, the world’s largest supplier of automotive airbags, says it has signed contracts with several automakers to deliver up to 25 million inflators to fix potentially defective airbags produced by Takata.... Read More »

 

Via Motors targets annual sales of 50,000 plug-in hybrid trucks

9:49 am U.S. ET | Jan. 15, 2015
VIA Motors, the closely held assembler of plug-in hybrid pickups, expects to sell 50,000 vehicles per year by 2018. The company is also preparing to offer an optional solar panel, stretched across the top of the pickup bed, for recharging the batteries. VIA will start selling the pickups to fleet customers in February and to individuals by the end of the year... Read More »

 

Supplier Linamar to add 1,200 jobs, invest $425 million

10:46 am U.S. ET | Jan. 15, 2015
Canadian supplier Linamar will add up to 1,200 jobs at a plant in Guelph, Ontario, developing fuel-efficient transmissions, with 10 percent of the new investment paid by the Canadian government.... Read More »

 

2015 AUTOMOTIVE NEWS WORLD CONGRESS

Bosch outlines 10-year path to door-to-door driverless car

6:27 pm U.S. ET | Jan. 14, 2015
Germany's Robert Bosch GmbH -- the world's largest automotive supplier -- is preparing to roll out the technology needed to allow cars to pilot themselves and change lanes at high speeds on the autobahn.... Read More »

 

2015 AUTOMOTIVE NEWS WORLD CONGRESS

Google in talks with OEMs, suppliers to build self-driving cars

2:10 pm U.S. ET | Jan. 14, 2015
Internet giant Google has started talks with most of the world's top automakers and assembled a team of global suppliers to speed its push to bring self-driving cars to market, Chris Urmson, the head of the project, said today at the Automotive News World Congress.... Read More »

 

2015 AUTOMOTIVE NEWS WORLD CONGRESS

Suppliers learn to innovate quickly

2:35 pm U.S. ET | Jan. 14, 2015
From Tesla to the Google driverless car to the aluminum 2015 Ford F-150 pickup to active safety systems that promise zero fatalities, the auto industry is changing at an unprecedented pace. For auto suppliers, that means relentless pressure to innovate at warp speed.... Read More »

 

Magna forecasts surprise fall in 2015 revenue

9:22 am U.S. ET | Jan. 14, 2015
Canadian supplier Magna International forecast a surprise fall in fiscal 2015 revenue, hurt by falling sales in its production and contract manufacturing businesses.... Read More »

 

TI Automotive, Bain near deal a year after failed effort, report says

9:10 am U.S. ET | Jan. 14, 2015
TI Automotive, the auto fuel-systems maker that came close to a deal with Bain Capital Partners LLC last year, is again near an agreement to sell itself to the private equity firm, people with knowledge of the matter told Bloomberg.... Read More »

 

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