Automotive News Supplier News Feed News, blogs and commentary from the leader in North American automotive news en-us Mon, 8 Feb 2016 06:00:00 EST 'Autopia' future promoted by Google and Apple will hurt traditional carmakers Mon, 8 Feb 2016 00:01:00 EST Industry disrupters such as Google and Apple are better funded than their potential rivals from the automotive field. That could be bad news for traditional auto companies, an industry analyst said. N.A., Takata, currency sway Japanese earnings Mon, 8 Feb 2016 00:01:00 EST Better business in North America helped Subaru, Mazda and Mitsubishi in the October-December quarter. But spiraling costs for the recalls of Takata airbags tempered earnings, and foreign exchange rates were a double-edged sword. Dual-sourcing dilemma hits Japan again Mon, 8 Feb 2016 00:01:00 EST Toyota is suspending production at all assembly lines in Japan because of an explosion at a steel plant. Dealers pay high price with latest recall wave Sun, 7 Feb 2016 11:55:10 EST Honda's order that U.S. dealers stop selling some 2.2 million popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous airbags or other safety defects. BMW's laser headlights showcase Osram's mass-market goals Sat, 6 Feb 2016 00:15:00 EST German supplier Osram is equipping BMW 7-series sedans with laser headlight modules, marking a move to the mass-market for the technology, which is already available on BMW's i8 plug-in hybrid suprcar and Audi's R8 LMX sports car. Chrissy Taylor named Enterprise COO Fri, 5 Feb 2016 13:45:28 EST Christine "Chrissy" Taylor has been promoted to Enterprise Holdings Inc.'s COO, the company said today. Toyota recycling program gives second life to parts Fri, 5 Feb 2016 12:40:49 EST One automaker's junk is becoming one of its treasures. Toyota Motor Sales, along with Boles Parts Supply, takes bumper covers and recycles them in the form of shredding. Mahindra mulls Pininfarina-designed premium car Fri, 5 Feb 2016 08:41:30 EST Mahindra has begun talks with Pininfarina, the Italian design house it agreed to buy in December, to build a premium car for the Indian market. Takata posts quarterly profit gain as airbag recalls mount Fri, 5 Feb 2016 06:54:04 EST Takata reported quarterly profit rose from a year earlier, as it seeks to convince automakers including Honda to continue to support it through expanding recalls. Auto sector ends 2015 on a high Fri, 5 Feb 2016 00:01:00 EST The European auto industry ended last year with strong gains in shareholder value across the board at automakers, suppliers and retailers, according to the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder... Delphi Q4 net income slides 44% in 'challenging global marketplace' Thu, 4 Feb 2016 11:59:11 EST Automotive electronics and technology supplier Delphi Automotive's fourth-quarter net income fell 44 percent from the year-earlier period to $192 million despite revenue and other measures that topped expectations. Continental recalls defective airbag control units used in 5 million vehicles Thu, 4 Feb 2016 08:03:56 EST Continental Automotive Systems said it supplied potentially defective airbag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other automakers built over a five-year period worldwide, widening an airbag... Honda warns dealerships of liability as it widens airbag recall Wed, 3 Feb 2016 12:15:00 EST American Honda has expanded its Takata airbag recalls by more than 2 million vehicles and warned dealers that they could face legal exposure for unrepaired vehicles if they violate a related stop-sale order for the affected cars. Denso lowers full-year profit forecast, expects yen to strengthen Wed, 3 Feb 2016 11:22:22 EST Toyota-affiliated supplier Denso today lowered its full-year net profit forecast by almost 5 percent, saying it expects the yen to strengthen slightly against the U.S. dollar. Takata plans to present restructuring plan to carmakers in May, report says Wed, 3 Feb 2016 10:58:49 EST Takata is preparing to present a restructuring plan to automakers in early May that will include an agreement on the sharing of recall costs, people familiar with the matter told Bloomberg. Key Safety Systems to be acquired by Chinese conglomerate in $920 million deal Tue, 2 Feb 2016 12:22:28 EST Airbag and seat belt supplier Key Safety Systems Inc. has agreed to be acquired by Chinese auto conglomerate Ningbo Joyson Electronic Corp. in a $920 million deal. Toyota recalls 320,000 vehicles for side airbag issue Tue, 2 Feb 2016 17:30:53 EST Toyota today said it is recalling about 320,000 vehicles from the 2003-06 model years for an airbag-related defect. Dow CEO Liveris agrees to exit after DuPont merger Tue, 2 Feb 2016 15:49:25 EST Dow Chemical CEO Andrew Liveris will leave the company after the completion of its merger with DuPont Co., marking a victory for activist investor Dan Loeb, who had called for his removal. BorgWarner shrugs off its Wall Street beating Mon, 1 Feb 2016 11:50:27 EST BorgWarner is being punished by Wall Street. So far, though, CEO James Verrier isn't worried. The powertrain supplier has witnessed its share price plummet nearly 47 percent over 12 months. What is Carl Icahn's plan for Federal-Mogul? Mon, 1 Feb 2016 09:19:38 EST When Federal-Mogul this month scrapped its plan to split in two, it raised eyebrows because it came right after its largest shareholder agreed to acquire the auto parts chain Pep Boys-Manny Moe and Jack. Check out the ANE e-magazine for February Mon, 1 Feb 2016 00:01:00 EST The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This month's edition looks at how Ford and Opel plan to turn their businesses in Europe into consistent money makers after years of struggle. JCI's spinoff must refocus to remain on top Mon, 1 Feb 2016 00:01:00 EST Just two years ago, Johnson Controls Inc. Amid profit fall, Honda bets on new products Mon, 1 Feb 2016 00:01:00 EST Takata airbag recalls and exchange losses undercut profits at Honda in the latest quarter, but the company sees a brighter 2016 thanks to an influx of new product for North America, the Japanese carmaker's biggest market. Au revoir: Paris just doesn't do it for Ford this year Mon, 1 Feb 2016 00:01:00 EST Ford will skip this autumn's Paris auto show, claiming the timing doesn't fit with its launch schedule. Zetsche: Apple, Google 'can do more' than we thought Mon, 1 Feb 2016 00:01:00 EST Daimler CEO Dieter Zetsche and other a handful of his senior execs met recently with around 70 companies in Silicon Valley, according to the German weekly Welt am Sonntag. Lear's goal: Seats with style, smarts Mon, 1 Feb 2016 00:01:00 EST Automotive parts supplier Lear Corp. is developing a seat of the future to appeal to automakers as they look increasingly to interiors to set their vehicles apart. Got gadgets? Mon, 1 Feb 2016 00:01:00 EST Some of the most revolutionary innovations originate not with carmakers but with the suppliers who provide the building blocks and concepts that reshape the industry. Here is a sampling of some of the most cutting-edge technologies. Woo suppliers with longer deals Mon, 1 Feb 2016 00:01:00 EST As auto sales and production have climbed steadily over the past six years, so has capacity utilization among parts makers. Toyota to suspend Japan output for 6 days as steel parts run low Sun, 31 Jan 2016 20:54:32 EST Toyota will suspend production at all assembly lines in Japan for six days this month due to a parts shortage, hitting exports of such cars as Lexus luxury vehicles. The shutdown comes after a Jan. 8 explosion at a steel factory in Japan. Autoliv predicts 5% growth in 2016, but market wanted more amid Takata recalls Fri, 29 Jan 2016 10:30:44 EST Swedish car safety products supplier Autoliv predicted sales growth of 5 percent this year, but analysts expected more because of potential new business Autoliv could win amid the Takata airbag crisis. Toyota, crimped by steel shortage, may suspend Japan output Fri, 29 Jan 2016 22:18:47 EST Toyota said it may halt production at its plants in Japan early next month due to a steel shortage, following an explosion at a steel plant operated by one of its affiliates. Takata says CEO has no plans 'as of now' to step down Fri, 29 Jan 2016 05:22:56 EST Takata said its CEO Shigehisa Takada had no intention to resign "as of now" as the airbag maker struggles with a long-running safety recall crisis. Suppliers to the new Jaguar XF http://www.autonews.com Fri, 29 Jan 2016 00:01:00 EST Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Castle Bromwich, England. Output is expected to peak at more than 47,000 units this year, according to IHS Automotive. ANE's February e-magazine goes live Monday Fri, 29 Jan 2016 00:01:00 EST The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Feb. 1. This month's edition looks at how Ford and Opel plan to turn their businesses in Europe into consistent money makers after years of struggle. Gentex Q4 profit, sales rise as mirror shipments increase Thu, 28 Jan 2016 12:27:25 EST Gentex today reported a 25 percent year-over-year rise in fourth-quarter profit. The supplier posted net income of $88.4 million in the fourth quarter of 2015, up from the $71 million during the same period in 2014. Harman posts strong quarterly gains from auto business Thu, 28 Jan 2016 11:13:37 EST Harman International Industries, which supplies audio and telematics systems to the auto industry, reported a better-than-expected quarterly profit, helped by strong demand from automakers. Lear reports record results for Q4, 2015 following acquisitions Thu, 28 Jan 2016 10:52:29 EST Seating and electronics supplier Lear said today it posted record core earnings in the fourth quarter as it continued to build on business generated from recent acquisitions. Takata prepares CEO exit over airbag safety crisis, report says Thu, 28 Jan 2016 05:20:54 EST Takata is preparing the ground for the exit of its CEO, Shigehisa Takada, Reuters reported, as pressure builds on the airbag maker following a huge global recall over faulty inflators that can explode with excessive force. ZF TRW signs office lease for global electronics business Wed, 27 Jan 2016 15:23:10 EST ZF TRW plans to open its global electronics headquarters in suburban Detroit by the end of the second quarter following a lease of a 171,000-square-foot office building. Bosch probes whether its staff helped VW's emissions rigging Wed, 27 Jan 2016 04:03:41 EST Bosch is carrying out an internal probe to investigate whether any of its staff were involved in Volkswagen's rigging of emissions tests, the supplier's CEO, Volkmar Denner, said. Johnson Controls' CEO brings his own scandal to Tyco Tue, 26 Jan 2016 12:13:26 EST First came the affair. Then the Ponzi scheme. Now -- a $28.8 billion transaction involving two storied American corporations. It's been a remarkable run for JCI CEO Alex Molinaroli. EU regulators fine Japanese suppliers 138 million euros for price fixing Tue, 26 Jan 2016 07:09:20 EST EU antitrust regulators fined Mitsubishi Electric and Hitachi Ltd. a total of 137.8 million euros ($149.8 million) for fixing prices of car alternators and starters. Ford CEO Fields joins IBM board as auto industry transforms Tue, 26 Jan 2016 18:54:05 EST Ford Motor CEO Mark Fields is joining IBM's board of directors as the No. 2 U.S. automaker explores alternative mobility options beyond selling cars and trucks. Ford expands recall for Ranger pickups with Takata airbags Tue, 26 Jan 2016 10:00:23 EST Ford is expanding a recall of vehicles with Takata airbags after an inflator exploded in a Ford Ranger last month and the driver was killed. Takata says 5.1 million more vehicles in U.S. have defective airbag inflators Tue, 26 Jan 2016 17:15:46 EST Takata declared another 5.1 million U.S. vehicles defective as the company disclosed an 11th death could be linked to a faulty airbag, federal auto safety regulators said. Why the time has come for a Takata bailout Tue, 26 Jan 2016 14:02:54 EST It's time for Takata's largest customers to seize the company and ensure it can meet all of the legal and safety obligations arising from its faulty airbag inflators. Hillary Clinton calls Johnson Controls-Tyco inversion 'outrageous' Tue, 26 Jan 2016 07:15:05 EST Hillary Clinton called the planned inversion by Johnson Controls and Ireland-based Tyco "outrageous," and said as president she would block such moves using an "exit tax." JCI merges with Tyco in tax-lowering maneuver Mon, 25 Jan 2016 08:22:42 EST Johnson Controls, already exiting the auto-industry's supply chain after decades as a key player, is now seeking to shed its U.S. corporate citizenship in a multibillion-dollar tie-up with Tyco International. ZF TRW sells fasteners unit for $450 million Mon, 25 Jan 2016 12:24:28 EST Auto supplier Illinois Tool Works today said it agreed to pay $450 million for the engineered fasteners and components business of German automotive supplier ZF TRW. Takata will meet carmakers to gauge possible financial aid, source says Mon, 25 Jan 2016 03:53:34 EST Takata plans to meet with key customers this week to gauge how receptive they are to extending financial aid to help the supplier cope with the costs of its massive airbag recall, a person familiar with the matter said. %]