Automotive News Supplier News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Fri, 28 Nov 2014 06:00:00 EST Michelin to double budget-tire sales to counter Chinese gains http://www.autonews.comhttp://europe.autonews.com/article/20141128/ANE/141129869/michelin-to-double-budget-tire-sales-to-counter-chinese-gains Fri, 28 Nov 2014 00:01:00 EST Michelin will nearly double the proportion of budget tires in its global sales mix to as much as 30 percent to counter the huge rise in Chinese imports sold in Europe and the U.S., CEO Jean-Dominique Senard told Automotive News Europe. Skoda's '18 sales goal tougher to hit on Russia slump http://www.autonews.comhttp://europe.autonews.com/article/20141128/ANE/141129868/skodas-18-sales-goal-tougher-to-hit-on-russia-slump Fri, 28 Nov 2014 00:01:00 EST A severe slump in Russian car demand is making it harder for Skoda to meet its 2018 vehicle sales target. Skoda also must decide whether to reduce its investment budget for the country to protect overall profitability, a top executive said. ZF expects surging sales of driver-assist systems http://www.autonews.comhttp://europe.autonews.com/article/20141128/COPY/311289993/zf-expects-surging-sales-of-driver-assist-systems Fri, 28 Nov 2014 00:01:00 EST ZF, which agreed to buy TRW, expects the combined company's sales of driver-assist safety systems to grow by up to 25 percent a year. The technology will be the "major" part of the combined firm's $2.1 billion randd budget, ZF CEO Stefan Sommer said. Takata airbag recalls could shake trust in Japan auto industry, minister warns http://www.autonews.comhttp://europe.autonews.com/article/20141128/COPY/311289964/takata-airbag-recalls-could-shake-trust-in-japan-auto-industry Fri, 28 Nov 2014 00:01:00 EST Takata's airbag crisis linked to five fatal auto accidents threatens to shake confidence in Japanese manufacturing and the country's auto industry, the nation's transport minister said. ANE's December e-magazine goes live Monday http://www.autonews.comhttp://europe.autonews.com/article/20141128/ANE/311289989/anes-december-e-magazine-goes-live-monday Fri, 28 Nov 2014 00:01:00 EST The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Dec. 1. This month's edition looks at how German premium automakers plan to profit from plug-in hybrids. Takata recalls could shake trust in Japan auto industry, minister warns http://www.autonews.com/article/20141127/OEM11/311279962/takata-recalls-could-shake-trust-in-japan-auto-industry-minister Thu, 27 Nov 2014 22:34:20 EST Takata's safety crisis linked to five fatal auto accidents threatens to shake confidence in Japanese manufacturing and the country's auto industry, the nation's transport minister warned. Toyota recalls more cars for potentially dangerous Takata airbags http://www.autonews.com/article/20141127/COPY01/311289981/toyota-recalls-more-cars-for-potentially-dangerous-takata-airbags Thu, 27 Nov 2014 06:11:15 EST Toyota said it will recall 57,000 vehicles globally to replace potentially deadly airbags made by Takata, as a safety crisis around the Japanese supplier looks far from being contained. Wilbur Ross steps down as chairman of IAC to take bank board spot http://www.autonews.comhttp://europe.autonews.com/article/20141127/COPY/311239996/wilbur-ross-steps-down-as-chairman-of-iac-to-take-bank-board-spot Thu, 27 Nov 2014 00:01:00 EST Wilbur Ross, the billionaire turnaround artist who launched International Automotive Components Group in 2006, is stepping down as IAC's board chairman to take a senior position at the Bank of Cyprus. Toyota recalls more cars for potentially dangerous Takata airbags http://www.autonews.comhttp://europe.autonews.com/article/20141127/ANE/141129871/toyota-recalls-more-cars-for-potentially-dangerous-takata-airbags Thu, 27 Nov 2014 06:11:15 EST Toyota said it will recall 57,000 vehicles globally, including 6,000 cars in Europe, to replace potentially deadly airbags made by Takata, as a safety crisis around the Japanese supplier looks far from being contained. Delphi's Korean partner complicating sale of thermal unit http://www.autonews.comhttp://europe.autonews.com/article/20141127/COPY/311289986/delphis-korean-partner-complicating-sale-of-thermal-unit Thu, 27 Nov 2014 00:01:00 EST Delphi's sale of its air conditioning business is being complicated by potential problems with one of its South Korean joint venture partners, sources said. France's Valeo, Germany's Mahle and Japan's Denso are interested in the unit. Honda says defective Takata airbags in 2002 used different design http://www.autonews.com/article/20141126/OEM10/141129881/honda-says-defective-takata-airbags-in-2002-used-different-design Wed, 26 Nov 2014 15:40:01 EST Honda said it was aware of a ruptured Takata airbag inflator in a car that was covered by a 2002 recall but the inflator design was different from one that ruptured in a 2004 accident. NHTSA orders Takata to undertake national airbag recall http://www.autonews.com/article/20141126/OEM11/311269939/nhtsa-orders-takata-to-undertake-national-airbag-recall Wed, 26 Nov 2014 11:34:22 EST U.S. regulators formally demanded Takata take part in a nationwide recall of defective airbags, saying the company's piecemeal approach to fixing a potentially deadly flaw in millions of cars is insufficient. Halla mulls buying back Visteon stake in climate control unit http://www.autonews.com/article/20141126/OEM10/311269922/halla-mulls-buying-back-visteon-stake-in-climate-control-unit Wed, 26 Nov 2014 19:34:21 EST Halla CEO Im Kee Young said he's still considering buying back the group's former automotive heater and air conditioner maker after a buyout fund agreed to acquire a stake in the business, Halla Visteon Climate Control. Tony Johnson, backer of Saleen and major suppliers, dies at 74 http://www.autonews.com/article/20141126/OEM02/141129883/tony-johnson-backer-of-saleen-and-major-suppliers-dies-at-74 Wed, 26 Nov 2014 15:30:20 EST Tony Johnson, co-founder of Hidden Creek Industries, a private company that acquired, sold and backed some of the auto industry's biggest suppliers and boutique car builders, died Nov. 16. He was 74. Delphi's Korean partner complicating sale of thermal unit http://www.autonews.com/article/20141126/OEM11/141129886/delphis-korean-partner-complicating-sale-of-thermal-unit Wed, 26 Nov 2014 13:15:56 EST Delphi Automotive's sale of its air conditioning business is being complicated by potential problems with one of its South Korean joint venture partners, three people familiar with the deal said. Why the bid-rigging? Ask the automakers http://www.autonews.com/article/20141126/BLOG06/141129888/why-the-bid-rigging-ask-the-automakers Wed, 26 Nov 2014 12:29:45 EST Toyota employees are taught to solve problems with the 'Five Whys.' Ask why it happened, and why that happened, and so on until you get to the fundamental problem. Magna, Haartz team up on Opel Cascada roof http://www.autonews.comhttp://europe.autonews.com/article/20141126/CUTAWAY01/141129896/magna-haartz-team-up-on-opel-cascada-roof Wed, 26 Nov 2014 05:26:51 EST Magna International and Haartz Corp. teamed up to supply the new Opel Cascada's folding softtop roof. Haartz supplies an acoustically enhanced three-ply composite that offers enhanced sound deadening and insulation. Auto sector takes hit in Q3 http://www.autonews.comhttp://europe.autonews.com/article/20141126/ANE/141119868/auto-sector-takes-hit-in-q3 Wed, 26 Nov 2014 00:01:00 EST Automakers and suppliers were hit hard in the third quarter while car retailers continued to make gains, according to the Automotive News Europe/PwC shareholder value report. Michelin gains from homegrown distrust in China http://www.autonews.comhttp://europe.autonews.com/article/20141126/BLOG15/141129895/michelin-gains-from-homegrown-distrust-in-china Wed, 26 Nov 2014 06:22:25 EST European sales of cheap Chinese tires are growing fast, but in China suppliers such as Michelin are winning customers who don't trust homegrown tire makers. Fiat Chrysler told by U.S. regulators to speed up Takata airbag recall http://www.autonews.comhttp://europe.autonews.com/article/20141126/COPY/311269971/fiat-chrysler-told-by-u-s-regulators-to-speed-up-takata-airbag-recall Wed, 26 Nov 2014 00:01:00 EST U.S. regulators have told Fiat Chrysler to speed up its recall of airbags with faulty inflators. The NHTSA said the company should begin its recall of cars with Takata airbags Dec. 1, almost three weeks earlier than the company planned. Visteon confirms talks to sell stake in climate control JV http://www.autonews.comhttp://europe.autonews.com/article/20141126/COPY/311289990/visteon-confirms-talks-to-sell-stake-in-climate-control-jv Wed, 26 Nov 2014 00:01:00 EST Visteon, which counts on Europe for about a third of its sales, has confirmed that it's in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteon Climate Control. ZF CEO: We're not chasing 10-speeds http://www.autonews.comhttp://europe.autonews.com/article/20141126/COPY/311279999/zf-ceo-were-not-chasing-10-speeds Wed, 26 Nov 2014 00:01:00 EST ZF will not follow rivals in pushing for 10-speed transmissions. The German supplier will stop at nine-speed transmissions, CEO Stefan Sommer says. Chrysler pressed by NHTSA to move faster on Takata airbag recall http://www.autonews.com/article/20141125/OEM11/141129898/chrysler-pressed-by-nhtsa-to-move-faster-on-takata-airbag-recall Tue, 25 Nov 2014 20:50:32 EST U.S. regulators told Fiat Chrysler Automobiles to speed up its recall of airbags with faulty inflators linked to at least five deaths. NHTSA said in a letter Tuesday to the company that it should begin its recall of cars with Takata airbags Dec. Visteon confirms discussions to sell stake in climate control joint venture http://www.autonews.com/article/20141125/OEM10/141129909/visteon-confirms-discussions-to-sell-stake-in-climate-control-joint Tue, 25 Nov 2014 08:16:06 EST Visteon Corp. confirmed this morning that it's in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteon Climate Control Corp. Japanese regulators to oversee Takata recalls, investigate Honda's recall errors in U.S. http://www.autonews.com/article/20141125/OEM11/141129910/japanese-regulators-to-oversee-takata-recalls-investigate-hondas Tue, 25 Nov 2014 06:30:47 EST Japan's transport ministry will form groups to oversee airbag recalls tied to Takata Corp. and probe Honda Motor Co. for underreporting faults in the U.S., adding to regulatory scrutiny of the two companies. GM's savvy new face to suppliers http://www.autonews.comhttp://europe.autonews.com/article/20141125/COPY/311289992/gms-savvy-new-face-to-suppliers Tue, 25 Nov 2014 00:01:00 EST New GM global purchasing boss Steve Kiefer takes over at a critical time. Suppliers complain that GM's executives and its buyers often aren't aligned. One of Kiefer's challenges is to drive the supplier-relations message from top to bottom. Continental's electronics, Korea units to plead guilty to price fixing http://www.autonews.com/article/20141124/OEM10/141129917/continental-s-electronics-korea-units-to-plead-guilty-to-price-fixing Mon, 24 Nov 2014 16:16:59 EST South Korean suppliers Continental Automotive Electronics and Continental Automotive Korea will plead guilty to rigging the prices of instrument panel clusters and pay a criminal fine of $4 million, the U.S. Department of Justice said. Takata to face U.S. House hearing into airbag crisis http://www.autonews.com/article/20141124/OEM11/311259999/takata-to-face-u-s-house-hearing-into-airbag-crisis Mon, 24 Nov 2014 18:00:00 EST Takata and Honda executives will return to Capitol Hill next week to testify about the growing safety crisis surrounding Takata airbag inflators that may explode in a crash. Airbag inflator shortage plagues industry http://www.autonews.com/article/20141124/OEM11/311249954/airbag-inflator-shortage-plagues-industry Mon, 24 Nov 2014 00:01:00 EST Honda and other automakers that have recalled vehicles equipped with Takata airbags are trapped in a nasty dilemma. Korean buyout fund considers buying Halla Visteon Climate Control stake http://www.autonews.com/article/20141124/OEM10/141129929/korean-buyout-fund-considers-buying-halla-visteon-climate-control Mon, 24 Nov 2014 06:43:07 EST South Korean buyout fund Hahn and Co. is considering purchasing shares in Halla Visteon Climate Control Corp. from Visteon Corp., a person familiar with the matter said. GM's savvy new face to suppliers http://www.autonews.com/article/20141124/OEM02/311249974/gms-savvy-new-face-to-suppliers Mon, 24 Nov 2014 00:01:00 EST Addressing an industry conference in Traverse City, Mich., this summer, General Motors' global powertrain boss Steve Kiefer asked a room packed with about 500 people how many owned a GM vehicle. As Ford spends big, GM joins aluminum with simple welds http://www.autonews.com/article/20141124/OEM06/311249975/as-ford-spends-big-gm-joins-aluminum-with-simple-welds Mon, 24 Nov 2014 00:01:00 EST General Motors is adding more lightweight aluminum to its vehicles. But unlike Ford Motor Co., GM is not spending hundreds of millions of dollars to retool its assembly plants for the metal. Global companies should abide by the same rules http://www.autonews.com/article/20141124/OEM10/311249983/global-companies-should-abide-by-the-same-rules Mon, 24 Nov 2014 00:01:00 EST Of all forms of price fixing, the practice of suppliers pre-arranging high and low bids on various contracts to share the business is distinctly Japanese. Nominally, it fits a national culture that values consensus and avoids conflict. ZF expects surging sales of driver-assist systems http://www.autonews.com/article/20141124/OEM10/311249991/zf-expects-surging-sales-of-driver-assist-systems Mon, 24 Nov 2014 00:01:00 EST German supplier ZF Friedrichshafen AG, which agreed to buy TRW Automotive Holdings in September for $13.5 billion, expects the combined company's sales of driver-assist safety systems to grow 15 to 25 percent a year. Frustrated senators blast Takata, signal more safety legislation http://www.autonews.com/article/20141123/OEM11/311249953/frustrated-senators-blast-takata-signal-more-safety-legislation Sun, 23 Nov 2014 00:01:00 EST Senators' frustration with what they see as an inconsistent and disorganized response to the Takata airbag recall crisis boiled over last week, signaling a push for more auto safety regulations. Continental mulls German factory closure http://www.autonews.comhttp://europe.autonews.com/article/20141123/ANE/141129934/continental-mulls-german-factory-closure Sun, 23 Nov 2014 14:58:47 EST Continental is reviewing whether to close its factory in Gifhorn, Germany, which makes electric motors and hydraulic braking systems, because of a lack of customer orders. About 1,600 people work at the plant. ZF CEO: We're not chasing 10-speeds http://www.autonews.com/article/20141123/OEM10/311249990/zf-ceo-were-not-chasing-10-speeds Sun, 23 Nov 2014 00:01:00 EST ZF Friedrichshafen AG will not follow rivals in pushing for 10-speed transmissions. the German supplier will stop at 9-speed transmissions, says CEO Stefan Sommer. Automakers can stop supplier price-fixing now, but will they? http://www.autonews.com/article/20141122/BLOG06/141129941/automakers-can-stop-supplier-price-fixing-now-but-will-they Sat, 22 Nov 2014 00:01:00 EST Auto supplier price-fixing is a global criminal epidemic that stifles fair competition, inflates the cost of components for automakers, erodes investor confidence and rips off the customer. Honda in talks with other suppliers for Takata airbag fix, report says http://www.autonews.com/article/20141122/OEM11/141129938/honda-in-talks-with-other-suppliers-for-takata-airbag-fix-report-says Sat, 22 Nov 2014 07:45:27 EST Honda is in talks with two airbag suppliers to help it stock replacement parts for defective Takata Corp. airbags, The Wall Street Journal reported on Friday, citing people aware of the planning. Takata exec warns about ability to fix deadly airbag flaw http://www.autonews.com/article/20141121/OEM11/141129961/takata-exec-warns-about-ability-to-fix-deadly-airbag-flaw Fri, 21 Nov 2014 06:46:47 EST An executive from Japan's Takata told lawmakers on Thursday the supplier is urgently trying to ramp up replacement parts for millions of vehicles fitted with potentially deadly airbags, but said it may not be able to move quickly enough. Wilbur Ross steps down as chairman of IAC to take bank board spot http://www.autonews.com/article/20141121/OEM02/141129946/wilbur-ross-steps-down-as-chairman-of-iac-to-take-bank-board-spot Fri, 21 Nov 2014 16:14:58 EST Wilbur Ross, the billionaire turnaround artist who launched International Components Group in 2006, is stepping down as IAC's board chairman to take a senior position at the Bank of Cyprus. Hertz hires airline veteran Tague to revive company http://www.autonews.com/article/20141121/OEM02/141129954/hertz-hires-airline-veteran-tague-to-revive-company Fri, 21 Nov 2014 12:12:14 EST Hertz Global Holdings named John Tague as its new CEO, appointing the manager credited with boosting sales at United Airlines to restore investors' confidence in the car-rental company plagued by an aging fleet and sloppy accounting. Japan's fugitive execs have called DOJ's bluff http://www.autonews.com/article/20141121/BLOG06/141129958/japans-fugitive-execs-have-called-dojs-bluff Fri, 21 Nov 2014 09:56:59 EST Are the fugitive Japanese businessmen indicted for alleged price fixing calling the U.S. government's bluff? German builder of crash-test facilities forms China unit http://www.autonews.comhttp://europe.autonews.com/article/20141121/ANE/141029823/german-builder-of-crash-test-facilities-forms-china-unit Fri, 21 Nov 2014 00:01:00 EST Messring, a German manufacturer of crash-test facilities, has established a wholly owned Chinese subsidiary. The company has built 10 crash-test facilities in China over the past decade. Apple's CarPlay goes missing in L.A. and in the showroom http://www.autonews.com/article/20141120/BLOG06/311219994/apples-carplay-goes-missing-in-l-a-and-in-the-showroom Thu, 20 Nov 2014 11:09:32 EST Tech giants Apple and Google have generated a lot of hype over the past 12 months over their plans to tightly integrate their smartphones and app technology with in-car infotainment systems. Honda admits failures in Takata airbag fiasco http://www.autonews.com/article/20141120/OEM11/141129971/honda-admits-failures-in-takata-airbag-fiasco Thu, 20 Nov 2014 14:36:13 EST A Honda executive told Congress today that the company failed to properly notify federal regulators of some crashes in which airbags made by Takata exploded and to clearly warn customers of the danger some vehicles could pose. Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe http://www.autonews.comhttp://europe.autonews.com/article/20141120/ANE/141129986/schaeffler-posts-36-jump-in-q3-profit-on-car-demand-rebound-in-europe Thu, 20 Nov 2014 09:12:11 EST Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired. Millions of cars need airbag fix as Senate grills auto industry http://www.autonews.com/article/20141120/OEM11/141129995/millions-of-cars-need-airbag-fix-as-senate-grills-auto-industry Thu, 20 Nov 2014 06:37:33 EST The world's biggest automakers have fixed a fraction of almost 8 million cars recalled for Takata airbags, providing fuel for a Senate committee the grilled industry executives today for their handling of the crisis. U.S. lawmakers plan bill to encourage auto employees to report faulty parts http://www.autonews.com/article/20141120/OEM11/141129983/u-s-lawmakers-plan-bill-to-encourage-auto-employees-to-report-faulty Thu, 20 Nov 2014 10:25:40 EST Two US senators plan to introduce legislation today to encourage employees in the auto industry to report information on faulty parts to federal authorities, a spokeswoman for one of the lawmakers said. NHTSA's decision to decline Takata documents spurs criticism http://www.autonews.com/article/20141120/OEM11/141129981/nhtsas-decision-to-decline-takata-documents-spurs-criticism Thu, 20 Nov 2014 10:53:44 EST Five months after an exploding airbag killed a Virginia woman on Christmas Eve of 2009, the manufacturer offered the National Highway Traffic Safety Administration additional documents, but the agency said it was unnecessary because it has just... %]