Suppliers

BorgWarner posts flat net income for Q3 after one-time charges

2:15 pm U.S. ET | Oct. 30, 2014
BorgWarner reported today a 13 percent increase in revenue and flat net income for the third quarter after one-time charges.... Read More »

 

Airbag investigators focus on metal shards sprayed at crashes

6:56 am U.S. ET | Oct. 30, 2014
More details are emerging about accidents involving Takata airbags -- and the horrific injuries and subsequent lawsuits that resulted from them. Takata, which accounts for about a quarter of all airbag inflators produced globally, is finding it far more difficult to silence safety questions.... Read More »

 

NHTSA orders Takata to produce documents related to airbag probe

1:47 pm U.S. ET | Oct. 30, 2014
Federal safety regulators today ordered Japanese supplier Takata to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata airbags in millions of vehicles.... Read More »

 

Lawyers urge U.S. judge to move quickly in Takata airbags case

1:19 pm U.S. ET | Oct. 30, 2014
Lawyers for consumers in the United States asked a federal judge in Miami today to speed up a class action lawsuit against Japanese auto parts maker Takata and four automakers, saying that public safety was at stake over defective airbags.... Read More »

 

Tower International reports higher Q3 profits on improved sales in Americas

10:19 am U.S. ET | Oct. 30, 2014
Tower International today reported improved earnings in the third quarter due to improved sales in the Americas.... Read More »

 

Johnson Controls profit beats estimates as car seat demand rises

10:05 am U.S. ET | Oct. 30, 2014
Johnson Controls posted a better-than-expected quarterly profit, driven by higher sales of its car seats in North America and a lower expected tax bill.... Read More »

 

NHTSA steps up inquiry into defective Takata airbags

7:39 pm U.S. ET | Oct. 29, 2014
More than 18 months after Honda and other automakers announced recalls to fix exploding airbags, U.S. regulators are now asking the companies to speed up repairs.In letters today to 10 automakers, the National Highway Traffic Safety Administration asked for details about how the companies are reaching nearly 8 million affected consumers and what is being done for people who are afraid to drive their cars.... Read More »

 

Captives see big rise in leases

7:10 am U.S. ET | Oct. 29, 2014
Leases accounted for almost half of GM Financial originations in the United States and Canada in the quarter. That's a big increase for the GM captive finance company and part of an industry trend that carried leasing to new highs. Last week, Ford Motor Credit Co. also reported an increase in leasing during third quarter.... Read More »

 

Q&A

BorgWarner's Verrier expects supplier to thrive despite increased competition

11:18 am U.S. ET | Oct. 28, 2014
James Verrier, BorgWarner Inc. CEO since January 2013, is working to double the size of the giant supplier from $7.5 billion in revenue to $15 billion by 2022.... Read More »

 

TRW's revenue slips 1%, net income falls 4% in Q3

11:02 am U.S. ET | Oct. 28, 2014
Automotive safety technology supplier TRW Automotive Holdings, preparing for its $13.5 billion acquisition by ZF Friedrichshafen, today said its third-quarter revenue dropped 1 percent to $4.16 billion from a year earlier, while net income fell 4 percent.... Read More »

 

Takata knew of airbag defects as early as 2001, lawsuits allege

9:51 am U.S. ET | Oct. 28, 2014
Takata knew at least as early as 2001 of manufacturing defects that could lead its airbags to explode, U.S. drivers claimed in lawsuits.... Read More »

 

CAR CUTAWAY

BorgWarner helps boost power in BMW 2 series

12:01 am U.S. ET | Oct. 28, 2014
BorgWarner-sourced turbochargers for the new BMW 2 series help boost power by as much as 13 hp to 184 hp in gasoline-powered variants of the 220i compared with the previous generation of the car.... Read More »

 

More airbag recalls could test automakers' Takata ties

8:29 pm U.S. ET | Oct. 27, 2014
Japan's Takata, whose potentially defective car airbags have been linked to four deaths in the United States, is unlikely to be dumped by its automaker customers given the cost and disruption of such a move -- for now.... Read More »

 

Continental eyes acquisition to reduce dependence on auto unit, report says

Oct. 27, 2014 15:37 CET
Continental is said to be looking for an acquisition in the industrial sector as it seeks to boost its proportion of industrial sales to 40 percent from close to 30 percent now to reduce its dependence on volatile car markets.... Read More »

 

'No other supplier other than Takata has used this ammonium nitrate'

7:30 am U.S. ET | Oct. 27, 2014
The emerging crisis over airbags traces back to a little-known Japanese company that for over 20 years has supplied the safety devices to automakers including Toyota, Honda and GM.... Read More »

 

Takata to form quality control committeee; CEO apologizes for airbag crisis

6:30 am U.S. ET | Oct. 27, 2014
Takata said it will form a global quality control committee in response to an auto-safety crisis created by flaws in its airbags. The company's CEO also issued an apology.... Read More »

 

Takata warnings intensify

12:01 am U.S. ET | Oct. 27, 2014
Takata has wrestled with airbag defects for several years, but the issue drew increased attention in the spring and gained urgency last week, after tests showed a higher risk of failure than previously believed.... Read More »

 

SHAREHOLDER VALUE REPORT

A sobering quarter for auto shareholders

12:01 am U.S. ET | Oct. 27, 2014
It was a tough third quarter for auto industry investors as falling international and softening U.S. financial markets depressed shareholder value for companies that build, supply or retail vehicles. Values fell for all three categories of public companies in the Automotive News/PwC Shareholder Value Index during the July-September period.... Read More »

 

KEITH CRAIN

The recall process must change

12:01 am U.S. ET | Oct. 27, 2014
We have had two cases involving defective parts so bad that one potential solution has been for owners to park their cars. That is indeed a drastic remedy. We have to figure out a better way of handling recalls.... Read More »

 

NHTSA back in cross hairs as airbag crisis escalates

12:01 am U.S. ET | Oct. 26, 2014
For the second time this year, a long-standing defect linked to deaths and injuries has triggered a mushrooming auto-safety crisis, lending more fuel to criticism that federal regulators haven't done enough to protect consumers from such dangers. Perhaps more unnerving to those consumers, the problem doesn't yet appear to be contained.... Read More »

 

NHTSA to brief House committee on Takata airbag recalls

1:37 pm U.S. ET | Oct. 24, 2014
The National Highway Traffic Safety Administration will brief members of the House Energy and Commerce Committee next week on the agency's investigation and recalls of Takata airbags.... Read More »

 

Takata's airbag crisis may spur automaker shift to Autoliv, Daicel

Oct. 24, 2014 11:49 CET
The defect in Takata Corp. airbags that has led to millions of recalls and has been linked to four deaths in Honda cars opens the supplier to risk of losing business to rivals including Autoliv and Daicel.... Read More »

 

NHTSA in line for cultural overhaul after airbag meltdown

2:04 pm U.S. ET | Oct. 24, 2014
The agency that botched a campaign to publicize a potentially lethal Takata airbag defect affecting 7.8 million U.S. cars is reviewing its safety culture, according to a senior Obama administration official.... Read More »

 

Lear says Q3 profit rises 24% as global production grows

7:46 am U.S. ET | Oct. 24, 2014
Lear, which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production.... Read More »

 

Autoliv lowers sales outlook but says Takata woes are helping its business

Oct. 23, 2014 16:55 CET
Autoliv posted a surprise fall in third quarter earnings and lowered its outlook for 2014 sales growth while saying it has seen positive effects on its business in the wake of recent issues with Japanese parts maker Takata's air bags.... Read More »

 

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Track, tech events draw crowds to Hoffman stores

Track, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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