Automotive News Supplier News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Mon, 12 Nov 2018 06:00:00 EST Daimler CFO set to become Thyssenkrupp chairman, report says http://europe.autonews.com/article/20181112/COPY/311129952/daimler-cfo-set-to-become-thyssenkrupp-chairman-report-says Mon, 12 Nov 2018 12:49:02 EST Thyssenkrupp will propose outgoing Daimler CFO, Bodo Uebber, as a candidate for its supervisory board, with the aim of installing him as chairman, Reuters reported. Daimler CFO set to become Thyssenkrupp chairman, report says http://www.autonews.com/article/20181112/OEM02/181119937/daimler-cfo-set-to-become-thyssenkrupp-chairman-report-says Mon, 12 Nov 2018 12:49:02 EST Thyssenkrupp will propose outgoing Daimler CFO, Bodo Uebber, as a candidate for its supervisory board, with the aim of installing him as chairman, Reuters reported, citing two sources familiar with the matter. New CEO brings tech chops to CDK Global http://www.autonews.com/article/20181112/OEM02/181119951/krzanich-cdk-tech-ceo Mon, 12 Nov 2018 00:01:00 EST New CDK Global CEO Brian Krzanich has no experience in the auto industry, but he might just have the tech skills the company needs. First Shift: Ford open to AV partnerships, exec says http://www.autonews.com/article/20181112/VIDEO/311129981/first-shift-ford-open-to-av-partnerships-exec-says Mon, 12 Nov 2018 08:00:00 EST Ford open to AV partnerships, exec says; M-B to advertise in Super Bowl LIII; Jeep pickup debut in LA?; Porsche launches employer image campaign; Suppliers sound alarm on tariffs. BMW, Daimler profit warnings hit shareholder value http://europe.autonews.com/article/20181112/ANE/181109836/bmw-daimler-profit-warnings-hit-shareholder-value Mon, 12 Nov 2018 00:01:00 EST Uncertainty over international trading conditions, profit warnings from two leading German automakers and the death of a CEO all contributed to declines seen in the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services... As Section 232 probe lingers, suppliers fret http://www.autonews.com/article/20181112/OEM11/181119974/suppliers-security-232-section-national Mon, 12 Nov 2018 00:01:00 EST The up-in-the-air status of a U.S. Department of Commerce 232 national security investigation remains a thorn in the side of suppliers, as they brace for potential price pressures throughout the supply chain. Remembering Hella's PACE Award-winning LED Matrix Beam http://www.autonews.com/article/20181112/OEM10/311129997/hella-pace-awards-led-matrix-beam Mon, 12 Nov 2018 00:01:00 EST Hella's PACE Award-winning LED Matrix Beam headlights could turn 25 LEDs on and off to shift high beams away from oncoming vehicles. Horizonwatch http://www.autonews.com/article/20181112/OEM01/181119979/horizonwatch-nevada-supply-chain Mon, 12 Nov 2018 00:01:00 EST In remote northern Nevada, an automotive supply chain hot spot emerges. Alumium supplier Novelis responds to growing demand http://www.autonews.com/article/20181112/OEM10/181119980/novelis-aluminum-electric-batteries Mon, 12 Nov 2018 00:01:00 EST As Novelis looks deeper into aluminum opportunities in automotive, it expands its research footprint. Toledo spurs hometown industrial resurgence http://www.autonews.com/article/20181110/OEM01/181119981/toledo-industrial-development-faurecia Sat, 10 Nov 2018 00:01:00 EST Toledo's port authority is using spec building to stimulate the city's historic automotive manufacturing presence. Adient suspends cash dividend after $1.35B loss in fiscal Q4 http://www.autonews.com/article/20181109/OEM10/181109746/adient-suspends-cash-dividend-after-1-35b-loss-in-fiscal-q4 Fri, 9 Nov 2018 15:05:07 EST Automotive seat maker Adient, which has struggled to maintain consistent profitability since its spinoff from Johnson Controls in 2016, suspended its dividend as it reported a quarterly net loss of $1.35 billion. Why Magna lowered its outlook after record thirdr quarter http://europe.autonews.com/article/20181108/COPY/311089922/magna-q3-earnings-improvement Thu, 8 Nov 2018 09:14:40 EST Magna said its third-quarter profit grew compared with a year ago as revenue also climbed, but the supplier trimmed the outlook for the year on production headwinds. Why Magna lowered its outlook after record thirdr quarter http://www.autonews.com/article/20181108/OEM10/181109779/magna-q3-earnings-improvement Thu, 8 Nov 2018 09:14:40 EST Magna said its third-quarter profit grew compared with a year ago as revenue also climbed, but the Canadian auto supplier trimmed the outlook for the year on production headwinds. Continental reaffirms reduced margin forecast on weaker auto production, warranty claims http://europe.autonews.com/article/20181108/ANE/181109791/continental-reaffirms-reduced-margin-forecast-on-weaker-auto Thu, 8 Nov 2018 04:10:19 EST Continental reaffirmed its outlook for a margin decline in 2018, citing warranty claims and weaker auto production in China and Europe. BMW secures supply routes by air as part of Brexit contingency plan http://europe.autonews.com/article/20181107/ANE/181109833/bmw-secures-supply-routes-by-air-as-part-of-brexit-contingency-plan Wed, 7 Nov 2018 06:49:02 EST BMW has strengthened its logistics to include air freight options as part of contingency plans to prepare itself for the UK's exit from the EU. Delphi sees more headwinds in 2019 http://www.autonews.com/article/20181107/OEM10/181109806/delphi-q3-income-falls-50-percent Wed, 7 Nov 2018 13:30:18 EST Delphi Technologies reported sharply lower net income for the third quarter, largely due to factors that hit other supplier results, especially an unexpected decline in sales in China. Magna founder's family feud worsens http://europe.autonews.com/article/20181106/COPY/311069928/magna-founders-family-feud-worsens Tue, 6 Nov 2018 09:19:28 EST Former Magna International CEO Belinda Stronach -- already the target of a $520 million lawsuit filed by her billionaire father Frank Stronach -- is now being sued by her brother Andrew. Samsung expects strong growth at Harman auto electronics unit http://www.autonews.com/article/20181106/OEM10/181109851/samsung-harman-auto-electronics-growth Tue, 6 Nov 2018 12:24:37 EST Samsung says Harman has put the company "firmly in the picture of the automotive industry" as it eyes the autonomous car market. Schaeffler to close two UK plants amid Brexit concerns http://europe.autonews.com/article/20181106/ANE/181109862/schaeffler-to-close-two-uk-plants-amid-brexit-concerns Tue, 6 Nov 2018 07:47:51 EST German supplier Schaeffler will shut two factories in the UK as part of changes prompted partly by Britain's planned exit from the EU, with production shifting to Germany, China, South Korea and the U.S. Schaeffler to close two U.K. plants amid Brexit concerns http://www.autonews.com/article/20181106/COPY01/311069945/schaeffler-to-close-two-u-k-plants-amid-brexit-concerns Tue, 6 Nov 2018 11:00:00 EST German supplier Schaeffler will shut two factories in the U.K. as part of changes prompted partly by Britain's planned exit from the EU, with production shifting to Germany, China, South Korea and the U.S. Stronach family feud worsens as brother Andrew sues sister Belinda http://www.autonews.com/article/20181106/COPY01/311069949/stronach-family-feud-worsens-as-brother-andrew-sues-sister-belinda Tue, 6 Nov 2018 09:19:28 EST Former Magna CEO Belinda Stronach -- already the target of a $397 million lawsuit filed by her billionaire father Frank Stronach -- is now being sued by her brother Andrew. First Shift: Toyota considers thinning U.S. lineup http://www.autonews.com/article/20181106/VIDEO/311069998/first-shift-toyota-considers-thinning-u-s-lineup Tue, 6 Nov 2018 00:01:00 EST Toyota mulls thinning U.S. lineup, posts profits; Mitsu earnings rise; Stronach family feud escalates; 3D scans 'tear down' competition; Lincoln Aviator's symphony of sounds. China's auto industry has arrived in America http://www.autonews.com/article/20181105/GLOBAL03/181109971/technology-suppliers-operating-in-america Mon, 5 Nov 2018 00:01:00 EST The narrative of Chinese auto firms arriving in the United States is different from how Japanese and Korean companies came in. Check out the ANE monthly magazine for November http://europe.autonews.com/article/20181105/ANE/311059999/check-out-the-ane-monthly-magazine-for-november Mon, 5 Nov 2018 00:01:00 EST The latest issue of the Automotive News Europe monthly magazine is ready to view. Big auto suppliers hurt by cars' slide, lower output http://www.autonews.com/article/20181105/OEM10/181109914/production-cuts-suppliers-earnings Mon, 5 Nov 2018 00:01:00 EST Worldwide production cuts and the shift away from cars is casting a shadow on some suppliers. Delphi's PACE Award-winning E-Steer an autonomous vehicle building block http://www.autonews.com/article/20181105/OEM10/181109921/delphi-pace-awards-electric-steering Mon, 5 Nov 2018 00:01:00 EST Delphi's PACE Award-winning E-Steer electric power-steering system created a building block for today's autonomous vehicles. Detroit retirees helped launch Sanhua Automotive http://www.autonews.com/article/20181105/GLOBAL03/181109959/detroit-sanhua-automotive-tiger-lu Mon, 5 Nov 2018 00:01:00 EST To bring Sanhua to the American auto market, Tiger Lu sought help from two seasoned U.S. veterans. Nexteer's lesson for Chinese investors looking for bargains http://www.autonews.com/article/20181103/GLOBAL03/181109963/nexteer-automotive-chinese-investors Sat, 3 Nov 2018 00:01:00 EST Nexteer is flying high as a Chinese-owned supplier. But there have been bumps in the road. Continental plans $59 million electronics plant in Mexico http://europe.autonews.com/article/20181102/COPY/311029943/continental-plans-59-million-electronics-plant-in-mexico Fri, 2 Nov 2018 15:00:00 EST Continental is investing more than $59 million to build an electronics plant in Aguascalientes, Mexico. Continental plans $59 million electronics plant in Mexico http://www.autonews.com/article/20181102/OEM10/181109911/continental-plans-59-million-electronics-plant-in-mexico Fri, 2 Nov 2018 15:00:00 EST Continental, the fourth-largest global supplier of automotive parts, is investing more than $59 million to build an electronics plant in Aguascalientes, Mexico. Continental acquires Cooper-Standard's anti-vibration unit http://europe.autonews.com/article/20181102/COPY/311029963/continental-acquires-cooper-standards-anti-vibration-unit Fri, 2 Nov 2018 10:15:08 EST Continental reached an agreement to acquire Cooper-Standard Automotive's anti-vibration systems business for $265.5 million. Continental acquires Cooper-Standard's anti-vibration unit for $265.5M http://www.autonews.com/article/20181102/OEM10/181109930/continental-acquires-cooper-standards-anti-vibration-unit-for-265-5m Fri, 2 Nov 2018 10:15:08 EST German supplier Continental reached an agreement to acquire Cooper-Standard Automotive's anti-vibration systems business for $265.5 million. Proveedor alemán de partes de autos Continental construirá nueva planta en México http://www.autonews.com/article/20181102/MEXICO/181109938/proveedor-alem-n-de-partes-de-autos-continental-construir-nueva Fri, 2 Nov 2018 01:32:25 EST La compañía comenzará a construir la planta en el estado central de Aguascalientes a mediados del 2019, informó en un comunicado. La producción se iniciará en 2021, agregó. Jaguar Land Rover will open engineering office in Hungary http://europe.autonews.com/article/20181102/ANE/181109936/jaguar-land-rover-will-open-engineering-office-in-hungary Fri, 2 Nov 2018 05:34:48 EST Jaguar Land Rover is aiming for closer collaboration with suppliers in central and eastern Europe with a new technical engineering office in Hungary. ANE's November issue goes live on Monday http://europe.autonews.com/article/20181102/ANE/311029999/anes-november-issue-goes-live-on-monday Fri, 2 Nov 2018 00:01:00 EST The latest issue of the Automotive News Europe monthly magazine goes live on Monday. Ford says Bosch produced part involved in Focus recall http://www.autonews.com/article/20181101/OEM10/181109960/ford-focus-recall-supplier-bosch-mexico Thu, 1 Nov 2018 16:30:30 EST Ford has filed a new safety recall report with NHTSA, correcting the supplier information for a defective canister purge valve that resulted in a recall of nearly 1.3 million Ford Focus vehicles in the U.S. Why this Chinese robotics supplier is expanding in Michigan http://www.autonews.com/article/20181101/OEM10/181109982/robotics-supplier-michigan-expansion-china Thu, 1 Nov 2018 11:47:34 EST Chinese welding system supplier HTI Cybernetics is investing $20.6 million to expand its suburban Detroit headquarters at a site under development. Aptiv's Q3 net drops despite increase in sales as production falls in key markets http://www.autonews.com/article/20181031/OEM10/181039936/aptiv-earnings Wed, 31 Oct 2018 14:50:29 EST The global automotive technology supplier reported its sales grew 11 percent to $3.5 billion in the third quarter, despite lower production volumes in some of its biggest markets, especially China and Europe. AutoNews Now: FCA can go it alone, Manley says http://www.autonews.com/article/20181030/VIDEO/310309999/autonews-now-fca-can-go-it-alone-manley-says Tue, 30 Oct 2018 00:01:00 EST FCA can go it alone, Manley says; Q3 earnings rise; Hyundai Brazil exec named interim U.S. chief; JCI battery-unit sale near?; Tesla's Musk still toying with SEC. Continental hires Byton's Abendroth as chief tech officer http://europe.autonews.com/article/20181030/ANE/181039987/continental-hires-bytons-abendroth-as-chief-tech-officer Tue, 30 Oct 2018 09:30:46 EST Continental has named Dirk Abendroth, a former BMW executive now employed at Chinese automaker Byton, as the new chief technology officer at its automotive unit. Johnson Controls said to be near deal to sell battery business http://www.autonews.com/article/20181030/OEM10/181039991/johnson-controls-sell-battery-business Tue, 30 Oct 2018 07:45:23 EST Johnson Controls International is nearing a deal to sell its power solutions business, which makes car batteries, to Brookfield Asset Management Inc. for $13 billion-$14 billion, people familiar with the matter told Reuters. GM cautious on switch to platinum even as palladium price soars http://www.autonews.com/article/20181030/OEM10/181039993/gm-platinum-palladium-prices Tue, 30 Oct 2018 07:10:30 EST Palladium's surge to a record has intensified talk among analysts that carmakers will look to replace it with cheaper platinum for use in pollution-control devices. The auto industry's answer: Not so fast. Magneti, Calson enter infotainment fray in $7.1 billion deal http://europe.autonews.com/article/20181030/COPY/311029998/magneti-calson-infotainment Tue, 30 Oct 2018 00:01:00 EST The combined company will boast global sales of $17.3 billion, big enough to make it No. 11 on the Automotive News list of the top 100 global suppliers. But it's still the new kid on the block. VW, Mobileye team up on self-driving service http://europe.autonews.com/article/20181029/COPY/310299922/vw-mobileye-team-up-on-self-driving-service Mon, 29 Oct 2018 16:43:55 EST Volkswagen and Mobileye are forging a new partnership focused on the deployment of self-driving vehicles. VW, Mobileye team up on self-driving service http://www.autonews.com/article/20181029/MOBILITY/181029708/vw-mobileye-team-up-on-self-driving-service Mon, 29 Oct 2018 16:00:00 EST Volkswagen and global supplier Mobileye are forging a new partnership focused on the deployment of self-driving vehicles. U.S. Customs intercepts shipment of fake Mercedes parts http://www.autonews.com/article/20181029/OEM10/181029716/u-s-customs-intercepts-shipment-of-fake-mercedes-parts Mon, 29 Oct 2018 12:54:44 EST U.S. Customs and Border Protection officers seized a large shipment of counterfeit Mercedes-Benz auto parts this month in Philadelphia that were shipped from China. Dana secures major Ford Edge contract as Q3 profits, sales rise http://www.autonews.com/article/20181029/OEM10/181029720/dana-secures-major-ford-edge-contract-as-q3-profits-sales-rise Mon, 29 Oct 2018 11:53:37 EST The supplier said it will be the sole provider of disconnecting all-wheel-drive units on the 2019 Ford Edge crossover, a new feature designed to improve fuel efficiency. Magneti, Calson enter infotainment fray in $7.1 billion deal http://www.autonews.com/article/20181029/OEM10/181029751/magneti-calson-infotainment Mon, 29 Oct 2018 00:01:00 EST The combined company will boast global sales of $17.3 billion, big enough to make it No. 11 on the Automotive News list of the top 100 global suppliers. But it's still the new kid on the block. Denso's overhaul will find new uses for old products http://www.autonews.com/article/20181029/OEM10/181029798/denso-auto-parts-supplier Mon, 29 Oct 2018 00:01:00 EST Denso Corp. looks for new value in old products as the supplier plans a transformation in the coming decade. PPG's paint process wins PACE award http://www.autonews.com/article/20181029/OEM10/181029765/pace-ppg-award-paint Mon, 29 Oct 2018 00:01:00 EST PPG's compact paint process, which allowed the color coat to be applied directly over the base coat, was one of many paint-shop innovations to garner PACE Awards. Auto suppliers seek pause on steel, aluminum tariffs until U.S. capacity develops http://www.autonews.com/article/20181028/OEM10/181029749/auto-suppliers-steel-aluminum-tariffs-trump Sun, 28 Oct 2018 00:01:00 EST Suppliers say they can't afford to make investments to develop domestic metal sources if they're getting beat up with tariffs at the same time. How Adient lost $11 million on a failed Detroit real estate deal http://www.autonews.com/article/20181026/OEM10/181029772/adient-loses-detroit-real-estate-deal Fri, 26 Oct 2018 12:32:51 EST Seating supplier Adient plc lost more than $11 million in the sale of its planned downtown Detroit headquarters, according to a report from Crain's Detroit Business. Autoliv cuts full-year sales outlook as slowing China, Europe weighs http://europe.autonews.com/article/20181026/ANE/181029788/autoliv-cuts-full-year-sales-outlook-as-slowing-china-europe-weighs Fri, 26 Oct 2018 07:41:28 EST Sweden's Autoliv cut its full-year organic sales growth forecast, citing lower demand in China and the impact of tougher emission tests on car production in Europe. AutoNews Now: The Trump factor: How policies help, hurt bottom lines http://www.autonews.com/article/20181026/VIDEO/310269998/autonews-now-the-trump-factor-how-policies-help-hurt-bottom-lines Fri, 26 Oct 2018 15:30:00 EST The Trump factor: How policies hurt, help bottom lines; Report: Tesla probe deepens; Ford-Volkswagen AV tech tie-up?; Tenneco closures; FCA to halt minivan plant a week Tenneco to close 2 plants amid ride control restructuring http://www.autonews.com/article/20181026/OEM10/181029764/tenneco-shuts-2-plants Fri, 26 Oct 2018 15:36:22 EST The supplier expects to begin transferring work to its ride control facility in Kettering, Ohio, this year. Visteon's Q3 earnings take hit as production slows globally http://www.autonews.com/article/20181026/OEM10/181029773/visteon-q3-earnings Fri, 26 Oct 2018 12:10:36 EST Auto supplier Visteon reported lower production for its big customers in every major global automotive market, which dragged down the supplier's sales and profits in the third quarter. Continental said to ask banks to pitch for Powertrain flotation http://europe.autonews.com/article/20181026/ANE/181029775/continental-said-to-ask-banks-to-pitch-for-powertrain-flotation Fri, 26 Oct 2018 11:31:56 EST Continental has asked investment banks to pitch for roles in the planned 2019 stock market flotation of its Powertrain unit, sources told Reuters. SKF upbeat on demand in face of slowdown fears http://europe.autonews.com/article/20181026/ANE/181029792/skf-upbeat-on-demand-in-face-of-slowdown-fears Fri, 26 Oct 2018 05:51:30 EST SKF grew sales faster than expected in the third quarter as the Swedish supplier forecast slightly higher demand in the final months of 2018, despite falling car sales in China and Europe and big automakers such as Daimler and BMW issuing profit... BASF profit hit by automotive customers' woes http://europe.autonews.com/article/20181026/ANE/181029793/basf-profit-hit-by-automotive-customers-woes Fri, 26 Oct 2018 05:25:27 EST BASF's quarterly operating profit fell 14 percent as stricter emission rules and trade barriers dented its business with automakers. Autoliv spinoff Veoneer delays sales, margin goals as auto gloom spreads http://europe.autonews.com/article/20181025/COPY/310259908/autoliv-spinoff-veoneer-delays-sales-margin-goals-as-auto-gloom Thu, 25 Oct 2018 14:40:22 EST Swedish supplier Veoneer, the Autoliv spinoff firm, pushed back its sales and margin targets, blaming production delays at customers struggling with tougher regulations and faltering demand. Faurecia to buy Japan's Clarion in $1.3 billion deal http://europe.autonews.com/article/20181025/ANE/181029837/-faurecia-to-buy-japans-clarion-in-1-3-billion-deal Thu, 25 Oct 2018 05:38:44 EST Faurecia has agreed to buy Japanese car navigation system maker Clarion from Hitachi in a 141 billion yen ($1.3 billion) deal to strengthen its presence in new auto technologies. Lear CFO laments predicting 'slippery pig' auto production cycles http://www.autonews.com/article/20181025/OEM10/181029819/lear-third-quarter-production-earnings Thu, 25 Oct 2018 13:32:12 EST Given recent volatility in auto production schedules, trying to predict short-term production volumes is a slippery business right now, said Lear CFO Jeff Vanneste. BorgWarner Q3 earnings rise despite headwinds http://www.autonews.com/article/20181025/OEM10/181029813/borgwarner-third-quarter-earnings-rise-headwinds Thu, 25 Oct 2018 16:03:12 EST BorgWarner expects to continue to outperform the new-vehicle market #8212; partly by ramping up its business in hybrids and electric vehicles #8212; despite growing headwinds. Autoliv spinoff Veoneer delays sales, margin goals as auto gloom spreads http://www.autonews.com/article/20181025/OEM10/181029816/autoliv-spinoff-veoneer-delays-sales-margin-goals-as-auto-gloom Thu, 25 Oct 2018 14:40:22 EST Swedish auto supplier Veoneer, the Autoliv spinoff firm, pushed back its sales and margin targets, blaming production delays at customers struggling with tougher regulations and faltering demand. How Intel is managing its $15 billion acquisition of Mobileye http://www.autonews.com/article/20181024/COPY01/310249963/intel-mobileye-mobility-acquisition-autonomous Wed, 24 Oct 2018 04:47:23 EST While Mobileye continues to chase the goal of autonomous driving, it is reaping the benefits of being part of larger company Intel. Mobileye's driverless tech develops under Intel http://europe.autonews.com/article/20181024/ANE/181029881/mobileyes-driverless-tech-develops-under-intel Wed, 24 Oct 2018 04:47:23 EST While Mobileye continues to chase the goal of autonomous driving, it is reaping the benefits of being part of larger company Intel. Nvidia's first autonomous safety report promotes simulations http://europe.autonews.com/article/20181023/COPY/310239928/nvidia-autonomous-safety-report Tue, 23 Oct 2018 14:18:15 EST Simulated test drives enable the company to "catch a lot of things we wouldn't be able to catch otherwise, or which would take forever to see in the real world." Factory explosion, fire idle supplier Meridian in Canada http://www.autonews.com/article/20181023/OEM10/181029886/supplier-fire-canada-michigan Tue, 23 Oct 2018 21:15:07 EST For the second time in six months, an explosion and fire have stopped production at a North American magnesium parts plant owned by supplier Meridian. The latest incident took place at a Meridian Lightweight Technologies plant in Strathroy, Ontario. Nvidia's first autonomous safety report promotes simulations http://www.autonews.com/article/20181023/MOBILITY/181029893/nvidia-autonomous-safety-report Tue, 23 Oct 2018 14:18:15 EST Simulated test drives enable the company to "catch a lot of things we wouldn't be able to catch otherwise, or which would take forever to see in the real world." German software giant SAP eyes gains from connected cars http://europe.autonews.com/article/20181023/ANE/181019819/german-software-giant-sap-eyes-gains-from-connected-cars Tue, 23 Oct 2018 00:01:00 EST German software giant SAP plans to become an even bigger player in the connected-car sector as it works to capture vehicle data and allow drivers to pay for parking or fuel from within their cars. FCA's Magneti Marelli sale offers chance to fulfill Marchionne dividend vow http://www.autonews.com/article/20181023/COPY01/310239967/fcas-magneti-marelli-sale-offers-chance-to-fulfill-marchionne Tue, 23 Oct 2018 06:15:00 EST Fiat Chrysler has not paid a dividend since it was formed in 2014, but the automaker now has the chance to change this following its sale of supplier Magneti Marelli. FCA's Marelli sale offers chance to fulfill Marchionne dividend vow http://europe.autonews.com/article/20181023/ANE/181029907/fcas-marelli-sale-offers-chance-to-fulfill-marchionne-dividend-vow Tue, 23 Oct 2018 03:52:32 EST Fiat Chrysler has not paid a dividend since it was formed in 2014, but the automaker now has the chance to change this following its sale of supplier Magneti Marelli. Enterprise, Avis invest to stake claim in mobility future http://www.autonews.com/article/20181022/OEM06/181029969/rental-enterprise-avis-mobility Mon, 22 Oct 2018 00:01:00 EST Rental car companies are partnering with some mobility players, acquiring others and leveraging their scale and expertise to play a key role in the future of transportation. BASF, Nornickel join forces in EV battery push http://europe.autonews.com/article/20181022/ANE/181029925/basf-nornickel-join-forces-in-ev-battery-push Mon, 22 Oct 2018 07:56:37 EST BASF and Russian miner Norilsk Nickel have struck a nickel and cobalt supply deal for electric vehicle batteries. Suppliers to the 2018 Jeep Wranger http://www.autonews.com/article/20181022/CUTAWAY/181019570/suppliers-to-the-2018-jeep-wranger Mon, 22 Oct 2018 00:01:00 EST Suppliers to the 2018 Jeep Wranger include Continental, Avery Dennison, Carcoustics, Cooper Standard, Faurecia, MPC, IGB Automotive, Guelph Manufacturing, Narmco Group and Kostal. Can suppliers handle autonomous-era exposure? http://www.autonews.com/article/20181022/OEM10/181029978/suppliers-autonomous-liability Mon, 22 Oct 2018 00:01:00 EST Few small parts suppliers have ever faced the kind of negative attention that comes with headline-making accidents. FCA agrees to sell Magneti Marelli to KKR's Calsonic, report says http://europe.autonews.com/article/20181021/COPY/310219985/fiat-chrylser-magneti-kkr-calsonic-sale Sun, 21 Oct 2018 22:27:49 EST Fiat Chrysler has agreed to sell its car-parts unit, Magneti Marelli, to KKR and Co.'s Calsonic Kansei in a deal valued at up to 6.2 billion euros, Bloomberg reported. FCA agrees to sell Magneti Marelli to KKR's Calsonic, report says http://www.autonews.com/article/20181021/OEM10/181029932/fiat-chrylser-magneti-kkr-calsonic-sale Sun, 21 Oct 2018 22:27:49 EST Fiat Chrysler has agreed to sell its car-parts unit, Magneti Marelli, to KKR and Co.'s Calsonic Kansei in a deal valued at up to $7.1 billion, Bloomberg reported. AvtoVAZ CEO aims to calm conflicts on path to profits http://europe.autonews.com/article/20181020/ANE/181019853/avtovaz-ceo-aims-to-calm-conflicts-on-path-to-profits Sat, 20 Oct 2018 00:01:00 EST Yves Caracatzanis is using his experience from his previous job as head of Renault's low-cost Dacia business to turn around AvtoVAZ. the maker of Lada cars. He spoke to Automotive News Europe about his plan to revive Russia's No. 1 brand. Valeo sees big shift to 48-volt systems in China http://europe.autonews.com/article/20181020/ANE/181019825/valeo-sees-big-shift-to-48-volt-systems-in-china Sat, 20 Oct 2018 00:01:00 EST Valeo predicts more than 4 million new vehicles or about 13 percent of production will be equipped with 48-volt systems in China annually by 2023 as automakers move to meet the country's tougher fuel economy and emission requirements. Bellwether company Gentex signals strong Q3 for suppliers http://www.autonews.com/article/20181019/OEM10/181019567/gentex-third-quarter-earnings Fri, 19 Oct 2018 15:05:54 EST Sales and profits increased for mirror and electronics supplier Gentex in the third quarter despite new international tariffs, and despite softer-than-expected new vehicle production. ZF boosts future tech expertise with ASAP stake buy http://europe.autonews.com/article/20181019/ANE/181019568/zf-boosts-future-tech-expertise-with-asap-stake-buy Fri, 19 Oct 2018 14:54:35 EST ZF has taken a 35 percent stake in ASAP Holding, an engineering services provider that specializes in electrified mobility, autonomous driving and connected vehicles, as the German drivetrain supplier seeks to strengthen its presence in future... Faurecia CEO expects to maintain rapid growth http://europe.autonews.com/article/20181019/ANE/181019820/faurecia-ceo-expects-to-maintain-rapid-growth Fri, 19 Oct 2018 00:01:00 EST Faurecia has had a successful year so far as it benefits from robust China business and the rapid rise of SUV sales in Europe. First Shift: Ford launching 'Built Ford Proud' ads, shifts focus to loyalty http://www.autonews.com/article/20181019/VIDEO/310199991/first-shift-ford-launching-built-ford-proud-ads-shifts-focus-to Fri, 19 Oct 2018 08:00:00 EST Ford launching 'Built Ford Proud' ads, shifts marketing focus to loyalty; Report: Tilton seeking buyers for Dura; Tesla selling $45K Model 3; Startup Rivian focusing on rugged EVs. Why Lynn Tilton may be selling Dura Automotive http://www.autonews.com/article/20181019/OEM10/181019582/tilton-dura-sale-auction Fri, 19 Oct 2018 06:54:28 EST Financier Lynn Tilton is working with an adviser to seek buyers for auto supplier Dura, people familiar with the matter told Bloomberg, as she looks to unload some of her investment firm's holdings. Hyundai taps growing EV market with Kona SUV http://europe.autonews.com/article/20181019/ANE/181019720/hyundai-taps-growing-ev-market-with-kona-suv Fri, 19 Oct 2018 00:01:00 EST The Hyundai Kona Electric SUV is off to a fast start in Europe as it is the first battery-powered model from the automaker for which demand is exceeding production. The current waiting time for the small crossover is more than six months. Old Dana acquisitions position it for electrified future http://europe.autonews.com/article/20181019/COPY/310199989/dana-electrification-acquisitions Fri, 19 Oct 2018 00:01:00 EST Dana looks to many like an old-school maker of 20th century parts. Jim Kamsickas has a different vision. South Korea's Mobis develops proving ground for self-driving technology http://europe.autonews.com/article/20181019/COPY/310199998/mobis-fake-city-self-driving Fri, 19 Oct 2018 00:01:00 EST South Korean supplier Hyundai Mobis Co. Ford to build an additional 350 GT supercars, extend production 2 years http://www.autonews.com/article/20181018/OEM01/181019598/ford-gt-production Thu, 18 Oct 2018 13:00:01 EST The company previously planned to build 1,000 GTs through the 2020 model year. It now says it will build 1,350 vehicles through 2022. Paul Allen, Microsoft co-founder, TrueCar investor, dies at 65 http://www.autonews.com/article/20181016/OEM02/181019673/paul-allen-automotive-obit-truecar-investor Tue, 16 Oct 2018 11:33:16 EST Paul Allen, who co-founded Microsoft, a key supplier to the auto industry who used the fortune he made from the tech giant to invest in TrueCar, professional sports teams, cable TV and real estate, died on Monday. He was 65.