Suppliers

Magna stock falls 4.7% after Brazil antitrust regulator visits local unit

4:02 pm U.S. ET | Sept. 19, 2014
Magna International shares tumbled the most in more than two years after the supplier said the offices of its Brazilian unit were visited in connection with an antitrust investigation.... Read More »

 

EU antitrust chief says more cartel fines on way for suppliers

Sept. 19, 2014 12:41 CET
EU regulators say they are ready to penalize several suppliers found guilty of price fixing. The EU has already fined two supplier cartels more than 1 billion euros in the last year.... Read More »

 

ZF net debt seen at $11 billion after TRW deal, report says

Sept. 18, 2014 18:05 CET
ZF's net debt will rise to about 8.5 billion euros ($11 billion) -- about 2.4 times core earnings -- after it buys rival TRW, a banker familiar with the deal said. Earlier this week, ZF agreed to buy TRW for $13.5 billion including debt.... Read More »

 

7 Japanese supplier execs indicted in price-fixing scheme

4:09 pm U.S. ET | Sept. 18, 2014
A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today.... Read More »

 

China's Wanxiang to relaunch Fisker Karma with 2012 design, report says

4:32 pm U.S. ET | Sept. 18, 2014
Chinese auto parts producer Wanxiang Group, which bought electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker's Karma hybrid luxury car by using a design from the company's last year of production, people close to the companies said.... Read More »

 

Alabama steel plant's new owners pledge more supply

4:16 pm U.S. ET | Sept. 18, 2014
North American auto plants soon should see an improved and greater supply of the high-strength steels needed to reduce vehicle weight and improve fuel economy, thanks to a change in ownership earlier this year of an advanced steel-finishing plant near Mobile, Ala.... Read More »

 

ZF's Sommer sees more acquisitions beyond TRW purchase

Sept. 18, 2014 09:05 CET
ZF, which agreed to buy TRW Automotive Holdings for $13.5 billion including debt, sees a need for more acquisitions as even the largest auto suppliers seek size and technology.... Read More »

 

Lear contract first step in eliminating two-tier wages, Canadian union chief says

12:01 am U.S. ET | Sept. 18, 2014
The head of Canada's largest auto worker union said a tentative UAW contract ending two-tier pay disparity at a Lear seat plant in Indiana was the first step in eliminating the practice at Detroit 3 plants in the United States.... Read More »

 

CAR CUTAWAY

Magna Powertrain helps Mercedes GLA stay on track

5:02 am U.S. ET | Sept. 18, 2014
Magna Powertrain supplies the all-wheel-drive system for the new Mercedes-Benz GLA. The supplier eliminated seal rings and bearings in the system to reduce drag by about 14 percent and decrease weight by more than 2kg.... Read More »

 

LINDSAY CHAPPELL

Scrap Nissan's Leaf battery plant? Hardly

3:23 pm U.S. ET | Sept. 17, 2014
News broke this week that Nissan and Renault are debating the future of their electric-vehicle battery technology sourcing. Frankly, it would be bigger news if the two automaker partners weren't debating it.... Read More »

 

Guardian automotive glass units to be acquired by Japanese supplier

3:57 pm U.S. ET | Sept. 17, 2014
Japan's Central Glass Company has agreed to purchase the outstanding shares of two automotive units of Guardian Industries, a longtime Detroit area automotive glass supplier with roots dating to the 1930s.... Read More »

 

Ford and Lincoln get connected with Apple's Siri

4:23 pm U.S. ET | Sept. 17, 2014
After years of negative customer reviews of its in-car voice-recognition technology, Ford may solve some of its lingering issues by partnering with Automatic Labs. Soon, drivers will be able to ask Apple's Siri system about the weather and turn on their home thermostat from the wheel of their Ford or Lincoln, the automaker said Tuesday.... Read More »

 

Steelmaker says it can put pickups on a diet

6:56 am U.S. ET | Sept. 17, 2014
ArcelorMittal has a message for automakers scrambling to hit tougher fuel economy targets that come into effect in 2025: You don't have to make trucks out of aluminum to do it.... Read More »

 

DAVID BARKHOLZ

Strike shows restless UAW is going after two-tier wage system

3:30 pm U.S. ET | Sept. 16, 2014
The word “strike” has returned to the UAW lexicon. The union struck on Saturday at a Lear plant in Indiana that makes seats for Ford's Chicago Assembly Plant. Workers were back on the job a day later.... Read More »

 

Penske expands engines, power business in Australia, Pacific

3:46 pm U.S. ET | Sept. 16, 2014
Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets.... Read More »

 

ZF says TRW takeover creates supplier ready for self-driving age

Sept. 16, 2014 14:19 CET
ZF wants to purchase TRW to create a global supplier ready for an age of self-driving cars. "The major motivation for this transaction is technology driven, in the field of electromobility and ... autonomous driving," ZF CEO Stefan Sommer said.... Read More »

 

Toyota pauses on Mexico expansion to review growth strategy, report says

10:15 am U.S. ET | Sept. 16, 2014
Toyota is reconsidering a move to open a new compact car assembly plant in Mexico after company President Akio Toyoda told planners searching for a site to pause and review its rationale, executives familiar with the matter said.... Read More »

 

Bosch benefits from ZF's bid to buy TRW

Sept. 16, 2014 12:45 CET
Robert Bosch is an unexpected beneficiary of ZF's plans to purchase TRW. Bosch is poised to take full control of a steering joint venture it co-founded with ZF that makes systems that are key to creating driverless cars.... Read More »

 

Bosch benefits as new ZF-TRW combo enters driverless car fray

6:51 am U.S. ET | Sept. 16, 2014
Robert Bosch GmbH gained full control over key automotive technology, positioning the world's biggest parts supplier as an unexpected beneficiary of ZF Friedrichshafen AG's leap into the No. 2 position.... Read More »

 

UAW deal with Lear would shed two-tier wages at Ind. plant

10:16 pm U.S. ET | Sept. 15, 2014
The agreement that ended a one-day strike at a Lear seat plant supplying Ford in Chicago would get rid of a wage structure that pays new-hires less than their veteran colleagues, a union official said.... Read More »

 

ZF to purchase TRW for $105.60 a share

Sept. 15, 2014 16:02 CET
ZF has reached a deal to buy TRW Automotive for $105.60 per share. The transaction will create the world's second-largest auto supplier with combined revenue of about 30 billion euros ($41 billion).... Read More »

 

ZF to sell steering-venture stake to Bosch to help TRW deal

Sept. 15, 2014 09:11 CET
ZF will sell its stake in a joint venture to partner Robert Bosch. The deal paves the way for ZF to buy TRW to create the world's No. 2 automotive supplier.... Read More »

 

UAW strike at Lear plant in Indiana ends after 1 day

12:19 pm U.S. ET | Sept. 15, 2014
The UAW's strike at a Lear Corp. seating plant that supplies Ford's assembly plant in Chicago was ended after one day.... Read More »

 

Industry learns to share road with tech giants

12:01 am U.S. ET | Sept. 15, 2014
Now that North America's mobile-phone market has matured, corporate behemoths such as Verizon, AT&T, Google and Apple have zeroed in on autos as the next big thing.... Read More »

 

Delphi's O'Neal to step down

12:01 am U.S. ET | Sept. 15, 2014
Rodney O'Neal, who led Delphi Automotive out of bankruptcy by slashing costs and reducing product lines to 33 from 131 during seven years as CEO, will stop down in March.... Read More »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
Special Report
Defying Dad, by building on his legacy

Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, Ray and Rik Fregia are seeing sales boom after million-dollar overhauls at their three stores. Mon., September 15
» Watch the Video
     
News by Brand


Rocket Fuel