Automotive News Supplier News Feed News, blogs and commentary from the leader in North American automotive news en-us Thu, 27 Jul 2017 06:00:00 EST KKR to acquire auto assets from S. Korea's LS Group for $943 million Thu, 27 Jul 2017 06:40:58 EST Corporate buyout firm KKR said it agreed to buy auto parts and materials businesses from South Korea's LS Group for 1.05 trillion won ($943 million). Lear Q2 net rises 10% to $312 million Wed, 26 Jul 2017 13:26:41 EST Lear posted a 10 percent increase in profit for the second quarter from growth in seating revenue and higher margins. The supplier reported net income of $311.9 million. Israeli settles Mobileye insider trading case with U.S. regulators Tue, 25 Jul 2017 12:56:32 EST An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye before its takeover by Intel. EU regulators to investigate Knorr-Bremse, Haldex deal Mon, 24 Jul 2017 12:11:17 EST EU antitrust authorities opened an investigation into Knorr-Bremse's bid for Haldex, saying the deal would remove a major competitor from a market with few players. Former GM exec Bo Andersson to lead Yazaki Europe Mon, 24 Jul 2017 16:35:44 EST Former GM purchasing chief Bo Andersson has returned to the auto industry to lead European operations for Japanese auto supplier Yazaki. Brembo's Bombassei inducted into Automotive Hall of Fame Sat, 22 Jul 2017 00:01:00 EST Alberto Bombassei, the man behind those bright red and yellow Brembo brake calipers, joined three other legends into the Automotive Hall of Fame. Australian man likely 18th death from faulty Takata airbags Sat, 22 Jul 2017 10:39:01 EST An Australian man who died in a Sydney car crash may be the 18th death linked to faulty Takata airbags, after police said he was killed when hit in the neck by shrapnel from an airbag. Gentex's Q2 profit up slightly with international sales gains Fri, 21 Jul 2017 12:24:35 EST Gentex said its net income jumped 2 percent in the second quarter, repelling the U.S. light-vehicle sales slowdown with growth in international auto-dimming mirror shipments. Autoliv Q2 net income drops 13.5% Fri, 21 Jul 2017 14:50:21 EST Autoliv said its net income dropped 13.5 percent during the company's second quarter from a decline in North American and Chinese auto production. Ford to petition to avoid U.S. recall of 2.5 million vehicles Fri, 21 Jul 2017 12:57:53 EST Ford wants to avoid a U.S. recall of about 2.5 million vehicles with Takata airbag inflators that the Japanese auto supplier declared defective last week. Suppliers to the new Peugeot 3008 http://www.autonews.com Fri, 21 Jul 2017 00:01:00 EST Assembly of the second-generation Peugeot 3008 began in June 2016 at PSA's factory in Sochaux, France. Output is expected to peak at more than 190,000 units this year, according to IHS Automotive. Valeo profit up 20% on LED lights, thermal systems Thu, 20 Jul 2017 14:51:13 EST Valeo's first-half profit rose 20 percent as demand for LED lighting and fuel-efficient engine systems helped sales to outpace global auto markets Continental to buy 8-10% stake in mapping firm HERE, report says Thu, 20 Jul 2017 09:28:45 EST Continental is in talks to acquire an 8-10 percent stake in the digital mapping firm HERE, which is now controlled by Germany's leading carmakers, a German magazine reported. Driverless shuttles tested in Paris in training for U.S. push Thu, 20 Jul 2017 05:09:36 EST Navya Technologies, a French maker of driverless shuttles, is training its robot-driven machines to navigate around bankers and corporate directors in Paris, ahead of a push to sell vehicles in the U.S. Suppliers still wary of border tax Wed, 19 Jul 2017 16:19:37 EST Many Republicans have expressed skepticism or opposition toward the border adjustment tax, but House leaders still are expected to pursue the tax. Faurecia takes majority stake in Jiangxi Coagent Electronics Wed, 19 Jul 2017 15:06:35 EST Faurecia has taken a majority stake in Chinese in-car entertainment and technology company Jiangxi Coagent Electronics for 193 million euros. New Takata airbag recalls could expose automakers to more liabilities Wed, 19 Jul 2017 07:47:34 EST Takata's bankruptcy filing was meant to draw a line under the auto industry's biggest safety recall, but last week's announcement of more airbag inflator recalls suggests automakers could face fresh liabilities. Suppliers to the new Alfa Stelvio http://www.autonews.com Wed, 19 Jul 2017 00:01:00 EST Assembly of the first-generation Alfa Romeo Stelvio began in January at the automaker's factory in Cassino, Italy. Output is expected to peak at more than 60,000 units in 2018, according to IHS Automotive. Victims' lawyers say unjust to halt U.S. airbag cases vs. carmakers Tue, 18 Jul 2017 16:42:43 EST Lawyers for people injured by Takata's defective airbags told a judge there was "no basis" for an "unjust" request by the company's U.S. unit to halt hundreds of consumer lawsuits. Haldex says Knorr-Bremse bid uncertainty is hurting its business Tue, 18 Jul 2017 03:56:45 EST Haldex cautioned on profits after reporting a fall in second-quarter earnings and said uncertainty created by a takeover sought by rival Knorr-Bremse was hurting business BorgWarner makes EV play with Sevcon deal Mon, 17 Jul 2017 16:19:37 EST BorgWarner agreed to acquire British supplier Sevcon for an estimated $200 million in a deal that adds more electric vehicle technology to the supplier's vehicle-propulsion engineering and product portfolio. Kelley Blue Book launches national TV campaign Mon, 17 Jul 2017 09:00:00 EST Kelley Blue Book, in its new ad campaign, is trying to tell customers that it can do more than give them the fair market value for their vehicle. Mazda recalls 19,000 more vehicles in South Africa with Takata airbags Mon, 17 Jul 2017 06:45:05 EST Mazda is recalling 19,000 cars in South Africa due to airbag safety concerns as the Japanese carmaker extends a global recall. Suppliers to the new Opel Ampera-e http://www.autonews.com Mon, 17 Jul 2017 00:01:00 EST Assembly of the all-new Opel Ampera-e full-electric car began in October 2016 at parent General Motors' U.S. factory in Orion Township, Michigan. The Ampera-e is sold as the Chevrolet Bolt in North America. HALL OF FAME: Alberto Bombassei won 1st big break for Brembo Mon, 17 Jul 2017 00:01:00 EST In 1975, Alberto Bombassei organized a meeting that turned out to be the big break for the company his father, Emilio, and Italo Breda started in 1961. Mirror supplier Ficosa nurtures auto startups Mon, 17 Jul 2017 00:01:00 EST The Spanish mirror supplier says a new initiative aimed at identifying promising companies "goes beyond venture capital." Superior CEO Stebbins looks to Asia after integrating Uniwheels Mon, 17 Jul 2017 00:01:00 EST Don Stebbins talks about the supplier's $715 million deal to buy its German competitor and where it goes next. Freudenberg steps up fight against friction Mon, 17 Jul 2017 00:01:00 EST Automakers seeking better fuel economy are asking suppliers for innovations to help reduce engine friction. For automotive legend Jack Roush, failure wasn't an option Sun, 16 Jul 2017 00:01:00 EST At 75, the Hall of Fame inductee has no plan to retire from his wide-ranging empire -- or to slow down. Washing windshields, cameras and sensors with less water Sat, 15 Jul 2017 00:01:00 EST New vehicles will have more lights and cameras to keep clean with windshield fluid, but environmental concerns weigh on automakers and their customers. The iPhone's influence on the auto industry Fri, 14 Jul 2017 00:01:00 EST We won't gush over the 10th anniversary of the iPhone, but on this occasion at least, we ought to acknowledge the profound influence this youthful product has had over the century-old auto industry. Jaguar expects E-Pace to become its top-seller Thu, 13 Jul 2017 15:00:00 EST Jaguar predicts that its new E-Pace premium compact SUV will become its top-seller, overtaking the larger F-Pace crossover because it will more attainable than its big brother. Faurecia opens 2nd Moroccan factory, plans 3rd Thu, 13 Jul 2017 10:51:13 EST Faurecia plans to open a third Moroccan plant to build car interiors and emissions control parts for customers including its parent, PSA. The supplier announced the plant while inaugurating its second Moroccan production site, which will build seats. Jaguar Land Rover taps Magna, China for E-Pace output Thu, 13 Jul 2017 15:22:07 EST Jaguar Land Rover, Britain's biggest automaker, will build its new E-Pace compact crossover in Austria and China, the first of its vehicles only to be manufactured outside of its home market, the U.K. Continental, Osram plan vehicle lighting joint venture, report says Wed, 12 Jul 2017 15:56:33 EST Auto suppliers Continental and Osram are planning to set up a joint venture to develop lighting products for the automotive industry, a German newspaper reported. AutoNews Now: High-stakes game for automakers Wed, 12 Jul 2017 14:45:00 EST Study: Many contenders, few winners in next-gen car tech; Ride-hailing vs. car-sharing; Audi: States must OK use of hands-free tech; Demon indemnity; Toddler has knack for nameplates. Billions at risk to be first with self-driving cars Wed, 12 Jul 2017 04:07:28 EST The race to produce the first fully autonomous car will be a process of elimination, with more than 50 major competitors spending billions of dollars, only for the field to be reduced to a handful of winners over the next decade, according to a new... Automakers gambling on new automotive ecosystem Wed, 12 Jul 2017 00:01:00 EST The auto industry is betting billions of dollars in a global game of roulette involving connected, autonomous, shared and electric vehicles, with clear winners and losers. Valeo eyes selling unit to win EU OK for FTE deal Wed, 12 Jul 2017 04:29:10 EST Valeo is considering selling a hydraulic actuator business to Italian company Raicam to get regulatory clearance for its planned takeover of German clutch maker FTE. U.S. says 2.7 million additional Takata inflators to be recalled Tue, 11 Jul 2017 12:28:19 EST NHTSA said new testing is prompting Takata to declare 2.7 million airbag inflators defective in Ford, Nissan and Mazda vehicles built from 2012 to 2015. Faraday Future halts work on Nevada car plant Tue, 11 Jul 2017 06:36:05 EST Faraday Future, the electric-vehicle startup backed by LeEco founder Jia Yueting, halted plans to build a $1 billion factory in Nevada as the troubled tycoon fights for the survival of his Chinese car business. Suppliers to the new BMW 5 series http://www.autonews.com Tue, 11 Jul 2017 00:01:00 EST Assembly of the seventh-generation BMW 5 series began in November 2016 at the automaker's factory in Dingolfing, Germany. Output is expected to peak at more than 180,000 units this year, according to IHS Automotive. Spy photo of Geely's Lynk and CO sedan taken in Germany Mon, 10 Jul 2017 00:01:00 EST Spy photographers snapped a Lynk and CO 03 sedan being tested in Germany. The car is expected to debut in 2018 in China and come to the U.S. later. Cooper-Standard expects to double China sales in 4 years Mon, 10 Jul 2017 12:44:22 EST Cooper-Standard expects to double China revenues by 2021 by expanding output of sealing, fuel system and anti-vibration components to meet rising auto production, CEO Jeffrey Edwards said. AutoNews Now: Musk rockets to top of CEO pay list Mon, 10 Jul 2017 15:00:00 EST Musk rockets to top in CEO pay; Honda confirms death of person repairing car equipped with Takata inflator; Feinberg moving on to FCA?; Subaru in passing lane; Confident in Camry Honda confirms 11th U.S. death tied to ruptured Takata airbag inflator Mon, 10 Jul 2017 13:46:06 EST Honda confirmed an 11th U.S. death involving one of its vehicles tied to a faulty Takata airbag. The incident occurred in Florida when an individual was working on repairs for a 2001 Honda Accord. Revisions to Top Suppliers supplement Mon, 10 Jul 2017 00:01:00 EST The Top Suppliers supplement in some editions of the June 26 issue had some errors and omissions. Here is the corrected information. Bosch maneuvers for growth in the mobility era Mon, 10 Jul 2017 00:01:00 EST The supply giant's mobility technologies are already selling well. But the competition is getting stiffer as large tech companies and startups join the fray. Suppliers invited to apply for 2018 PACE awards Mon, 10 Jul 2017 00:01:00 EST Suppliers have until Sept. 5 to apply for the 2018 Automotive News PACE Awards, which identify and honor game-changing and commercialized innovations in technology and processes. Honda, Hitachi form EV motor venture Mon, 10 Jul 2017 00:01:00 EST Japan's Hitachi Automotive Systems and Honda Motor signed an agreement to form a joint venture to develop motors for electric vehicles. %]