Automotive News Supplier News Feed News, blogs and commentary from the leader in North American automotive news en-us Fri, 29 Jul 2016 06:00:00 EST ANE's August e-magazine goes live Monday Fri, 29 Jul 2016 00:01:00 EST The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Aug. 1. This month's edition looks at why automakers such as Audi, Mercedes and Volvo are re-thinking their automation plans. Visteon says it booked record $1.6 billion in new business during Q2 Thu, 28 Jul 2016 15:07:31 EST Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday. BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soars Thu, 28 Jul 2016 16:16:27 EST BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement. Lear Q2 earnings rise on gains in both seating and electronics Thu, 28 Jul 2016 16:06:17 EST Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income rose sharply from $182 million last year. Apple taps BlackBerry talent as car project takes software turn, report says Thu, 28 Jul 2016 21:40:12 EST Apple hired the former head of BlackBerry's automotive software division as new leadership at the iPhone-maker's car team places increased emphasis on developing self-driving technology, people familiar with the project told Bloomberg. Brembo expects slower growth on ramp up of U.S., Mexico plants Thu, 28 Jul 2016 16:44:05 EST Brembo expects sales to grow 9 percent to 9.5 percent this year, slightly below the 10.4 percent posted in the first six months, as it starts operations at two new plants in North America. Federal-Mogul posts higher Q2 profit despite aftermarket, currency setbacks Wed, 27 Jul 2016 15:24:45 EST Diversified supplier Federal-Mogul posted a $31 million profit in the second quarter, up 41 percent from the year-earlier period, driven by a gain in its powertrain unit. Ferrari, Altair Product Design team up for next-gen vehicle platform Wed, 27 Jul 2016 14:52:33 EST Ferrari is teaming up with longtime design, engineering and software partner Altair Product Design to create the company's next-generation vehicle platform. Superior Industries more than doubles Q2 net income Wed, 27 Jul 2016 12:28:38 EST Aluminum wheel supplier Superior Industries International more than doubled its net income in the second quarter from a year earlier, a gain the company attributed to higher shipments and increased use of its new plant in Mexico. First Shift: Grand jury probes FCA sales Wed, 27 Jul 2016 00:01:00 EST FCA dealers subpoenaed in sales probe; Nissan and Mitsu profits slide, FCA rises; UAW: Clinton open to NAFTA changes; Tesla-Mobileye split; Snyder: Service nirvana. Valeo first-half profit rises 23% on intuitive driving, low-emissions tech Wed, 27 Jul 2016 03:46:36 EST Valeo reported a 23 percent rise in first-half profit as its intuitive driving and fuel-saving technology outpaced broader automotive industry growth in key markets Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profits Tue, 26 Jul 2016 10:24:00 EST Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract with Tesla would not be renewed after it expires. Faurecia lifts 2016 profit guidance after strong first half Tue, 26 Jul 2016 03:40:08 EST Faurecia raised its full-year guidance after reporting a stronger first-half performance in Europe. Operating income rose to $539 million, the French supplier said. Ford plans to install Apple CarPlay, Android Auto in entire 2017 lineup Mon, 25 Jul 2016 00:01:00 EST Ford will offer Apple CarPlay and Android Auto smartphone connectivity on its full lineup of 2017 vehicles, marking the fastest rollout of the technology so far by an automaker in the U.S. Cox shifts into 'integration mode' after shopping spree Mon, 25 Jul 2016 00:01:00 EST Cox Automotive will be in 'integration mode for a couple of years,' after a string of acquisitions and company launches this decade, President Sandy Schwartz said. Japan's NSK agrees to $34.5 million settlement in price-fixing case Mon, 25 Jul 2016 11:53:30 EST Japanese auto supplier NSK said it has agreed to pay $34.5 million in a settlement stemming from a class-action lawsuit over price-fixing allegations. First Shift: '17 Fords to get Apple, Android Mon, 25 Jul 2016 00:01:00 EST '17 Fords to get Apple, Android; Sources: FCA sales-reporting practices uncovered in 2015 review; GM rethinks India spending; VW tries new way to name crossover; Rosekind's plea. Amtek said to expand asset sale to include all overseas units Mon, 25 Jul 2016 06:40:10 EST Amtek Auto, the cash-strapped Indian parts maker that supplies Ford and Aston Martin, has expanded its planned asset sale to include additional overseas businesses as it looks to reduce leverage, people familiar with the matter told Bloomberg. Hyundai r&d chief: No fear of Apple, Google Sat, 23 Jul 2016 00:01:00 EST Google won't challenge old-school metal-benders by trying to make cars, says Hyundai Motor Group's global randd chief. Axalta acquires United Paint's automotive coatings business Fri, 22 Jul 2016 15:43:55 EST Axalta Coating Systems has acquired United Paint and Chemical's automotive interior coatings business. Terms of the deal were not disclosed. Samsung invests $449 million in China's BYD Fri, 22 Jul 2016 10:19:20 EST Samsung pursued a stake in EV specialist BYD after an affiliate was among foreign battery makers left off a list of suppliers approved by China, where sales of EVs are surging and the government has sped up construction of charging points. Autoliv net income gains 8.5% in Q2 as airbag business grows Fri, 22 Jul 2016 12:46:45 EST Swedish safety products supplier Autoliv said it posted gains across all its product lines during the second quarter as it generated more airbag business than expected in the wake of the Takata recall crisis. JCI's auto unit posts record quarterly profit with spinoff approaching Thu, 21 Jul 2016 13:50:27 EST Johnson Controls reported record income in its fiscal third quarter for its automotive unit, even as revenue fell 19 percent due in part to the deconsolidation of its interiors business. Mitchell Plastics to build $20.5 million parts plant near Detroit Thu, 21 Jul 2016 13:22:46 EST Canadian auto supplier Mitchell Plastics plans to invest $20.5 million to build a plant north of Detroit in Sterling Heights, Mich., a move that will create 122 jobs, the state's development arm said. Dana Q2 net income falls 10% as company tweaks its corporate name Thu, 21 Jul 2016 11:02:44 EST Dana Holding today reported a 10 percent decline in second-quarter net income to $53 million on lower sales in its commercial vehicle and off-highway driveline units. The company also tweaked its official name for the second time in eight years. First Shift: GM posts $2.9 billion profit Thu, 21 Jul 2016 00:01:00 EST GM posts $2.9 billion profit; Musk's 'master plan' takes Tesla beyond EVs, batteries; Rosekind: U.S. still bullish on autonomous cars; Daimler, Volvo profits; Chevy's product pipeline. Japan's Nishikawa agrees to plead guilty, pay $130 million in U.S. price-fixing probe Wed, 20 Jul 2016 17:45:00 EST Japanese supplier Nishikawa Rubber agreed to plead guilty and pay $130 million in one of the stiffest penalties in the U.S. Justice Department's ongoing investigation into industrywide price fixing and bid rigging. Metaldyne Performance Group to consolidate 8 brands Wed, 20 Jul 2016 15:39:10 EST Powertrain components supplier Metaldyne Performance Group will consolidate its eight brands following a merger nearly two years ago. All brands will fall under the MPG moniker. AutoNews Now: VW taking another financial hit Wed, 20 Jul 2016 00:01:00 EST Double hit on VW: As cost of scandal rises, 'deep' cover-up alleged; FCA compliance czar; Report: Benz, Ferrari recalls needed; Honda, Buick, Jag spy shots; Look son, no hands! Daimler, Ferrari selling some new vehicles with faulty airbags, Senate report says Wed, 20 Jul 2016 15:05:32 EST Daimler AG's Mercedes-Benz and Daimler Vans units and Ferrari are among a small group of automakers selling some new vehicles with faulty Takata airbags that will be subject to recalls by the end of 2018, a Senate report released said Wednesday. ACDelco sets July 31 deadline for scholarship applications Wed, 20 Jul 2016 13:24:41 EST ACDelco set a July 31 application deadline for the 100 scholarships of $1,000 each that the parts maker will award to students enrolled in General Motors' service training program. Dow-DuPont shareholders approve $59 billion merger of equals Wed, 20 Jul 2016 11:36:44 EST Shareholders of Dow Chemical and DuPont approved the companies' historic merger, clearing a hurdle for the deal to close this year and for a later split into three entities. Ford, tequila maker Jose Cuervo team up on bioplastic project Tue, 19 Jul 2016 13:59:11 EST Ford said it's working with tequila producer Jose Cuervo to turn discarded agave plant fibers into bioplastic parts for vehicles. First Shift: GMC to take on Jeep? Tue, 19 Jul 2016 00:01:00 EST GMC to take on Jeep?; Takata manipulated test results in reports to Honda, audit finds; States plan to sue VW; Audi to boost EV spending - report; Ford Super Duty towing boast. Mexico emerges from 'lost decade' Mon, 18 Jul 2016 00:01:00 EST For years, Mexico, with the second-largest economy in Latin America, at times was lucky to sell a million new vehicles a year locally while it exported twice that number. Now, the narrative has flipped. Apple and Google, meet Italdesign Mon, 18 Jul 2016 00:01:00 EST Italdesign, now 100 percent owned by Volkswagen Group, is seeking new design and concept business from other automakers. Honda audit finds Takata engineers manipulated airbag test data Mon, 18 Jul 2016 20:45:49 EST Japanese safety products supplier Takata routinely manipulated results of airbag inflator tests reported to Honda, according to an ongoing audit commissioned by the supplier and its biggest customer. Tesla working with suppliers to improve Autopilot Mon, 18 Jul 2016 11:45:00 EST Tesla is working with suppliers Bosch and Mobileye to refine its Autopilot technology, which has come under fire in recent weeks following a fatal accident that occurred while it was in use. GM scrambles after supplier bankruptcy Mon, 18 Jul 2016 00:01:00 EST Automakers don't like surprises #8212; especially when the surprise involves a key supplier that unexpectedly goes belly-up. Hyundai Mobis seeks more non-Korean business Mon, 18 Jul 2016 00:01:00 EST Hyundai Mobis Co., an affiliated supplier of the Hyundai-Kia group, is targeting American and Japanese brands to expand business beyond its traditional Korean turf. Raw-material prices in check Mon, 18 Jul 2016 00:01:00 EST Raw material prices are inching up -- but forecasters believe that's about all they will do. Don't gamble on materials prices Mon, 18 Jul 2016 00:01:00 EST Making car parts is hard enough - don't complicate life by gambling on future material prices, a consultant warns. Ex-Nokia exec outlines how Renault-Nissan will gain from self-driving cars Sun, 17 Jul 2016 00:01:00 EST Renault-Nissan's connected cars global chief, Ogi Redzic, says the alliance's investments in autonomous driving and connected services are key to helping the partners remain competitive as automakers increasingly become mobility providers. Wage discontent simmers at suppliers Sun, 17 Jul 2016 00:01:00 EST Automotive suppliers are finding themselves in the crosshairs of wage issues this year as the industry continues to expand and seek look lower costs. Takata settles Florida airbag injury lawsuit Fri, 15 Jul 2016 12:45:25 EST Lawyers for a Florida woman who was left a quadriplegic after a Takata airbag inflator deployed in a 2014 crash said Friday they had settled a lawsuit against the Japanese company. Denso to pay $255 million in antitrust case settlements to dealerships, consumers Fri, 15 Jul 2016 15:17:09 EST Denso has agreed to pay $255 million in settlements between two class actions over price-fixing allegations in the U.S., the Japanese supplier said Friday in the latest development of the largest antitrust scandal in U.S. history. AutoNews Now: 'Pokemon Go' pushback Fri, 15 Jul 2016 00:01:00 EST 'Pokemon Go' pushback: Game craze prompts safety warnings; Detroit 3 share swaps; Jeep on global climb; Takata settles Fla. case; $255M Denso payout; Stamps depict vintage pickups. Japan's aluminum fabricators beef up U.S. output, betting on rising auto use Fri, 15 Jul 2016 12:28:39 EST Japanese aluminum products makers such as UACJ and Kobe Steel are boosting output capacity in the U.S. in a bid to snare market share as automakers turn to the lighter metal to meet stricter environmental rules. BorgWarner to expand r&d operations in Michigan, add 76 jobs Fri, 15 Jul 2016 10:24:47 EST BorgWarner plans to spend $27 million to expand its Auburn Hills operations near Detroit, a project expected to add 76 jobs, the state of Michigan said. First Shift: Jeep gets billion-dollar boost Fri, 15 Jul 2016 00:01:00 EST Jeep gets a billion-dollar boost from FCA, and a lovefest in Toledo hometown; U.S. senator seeks answers on Tesla safety; Ford backing map venture; Brexit slows European sales growth.