Automotive News Supplier News Feed News, blogs and commentary from the leader in North American automotive news en-us Tue, 27 Jan 2015 06:00:00 EST TI Automotive to be acquired by Bain for $2.4 billion, report says Tue, 27 Jan 2015 08:36:07 EST Global fuel systems supplier TI Automotive, after months of wrangling and speculation, said today it has agreed to be acquired by private equity firm Bain Capital LLC. The deal is valued at $2.4 billion, sources told Bloomberg. Hyundai's new infotainment strategy: Leveraging smartphone apps Mon, 26 Jan 2015 00:01:00 EST Over the next few years, Hyundai plans to remove CD players from mainstream cars such as the Elantra and Sonata as it rolls out an infotainment system called Display Audio that's built around Apple's CarPlay and Google's Android Auto interfaces. Dana sells Venezuelan unit amid exchange rate trouble Mon, 26 Jan 2015 16:05:30 EST As Venezuela's automotive industry continues to falter amid exchange rate problems, powertrain supplier Dana Holding today said that it has sold its Venezuelan unit, CA Danaven. Suppliers dream up future innovations. Will automakers bite? Mon, 26 Jan 2015 00:01:00 EST Suppliers try to look over the horizon and craft new features and equipment for autos. Be bold, spend big -- and don't go overboard Mon, 26 Jan 2015 00:01:00 EST Dealers, automakers and suppliers enter the new year on an investment kick. Visteon zeros in on 1 segment: The connected car Mon, 26 Jan 2015 00:01:00 EST With Visteon Corp.'s announcement last month that it would sell its division that produces heating, ventilation and air conditioning systems, the supplier is concentrating on one product segment: cockpit information systems. Game on with steel, says aluminum supplier Novelis Mon, 26 Jan 2015 00:01:00 EST Phil Martens, CEO of aluminum giant Novelis, knows both sides of the auto metals business. With TRW, ZF can offer advanced driverless tech Mon, 26 Jan 2015 00:01:00 EST ZF Friedrichshafen AG's acquisition of TRW Automotive will make it a key player in collision avoidance and driverless cars. Exec: Enterprise holds steady on program cars Mon, 26 Jan 2015 00:01:00 EST Unlike its two closest competitors, Hertz Corp. and Avis Budget Group Inc. GM's got no beef with suppliers' dough Mon, 26 Jan 2015 00:01:00 EST If Fiat Chrysler CEO Sergio Marchionne is looking for an ally to wring price concessions from suppliers, he won't find one in Steve Kiefer, General Motors' new head of purchasing. Maps to track every bump in the road Mon, 26 Jan 2015 00:01:00 EST Navigation maps that display roads and highways accurately to within 20 centimeters could be available as early as 2017. ZF chief: TRW to keep its own identity -- for now Mon, 26 Jan 2015 00:01:00 EST TRW Automotive Holdings will remain a stand-alone company for at least three to five years after the completion of its merger this spring with ZF Friedrichshafen AG. Chevy store redo goes above and beyond Mon, 26 Jan 2015 00:01:00 EST Keith McCluskey put on steroids the Apple Inc.-like approach that many dealers are using to modernize their customers' experience. EU regulators to rule on ZF's bid for TRW by Feb. 26 Fri, 23 Jan 2015 09:09:54 EST EU antitrust authorities will decide by Feb. 26 whether to approve German supplier ZF Friedrichshafen's $13.5 billion bid for U.S. rival TRW Automotive. Saab parts sales thrive without showrooms Fri, 23 Jan 2015 14:00:00 EST Saab may have shipped its last car to North America three years ago, but the business of supplying parts for the estimated 450,000 Saabs on American roads goes on. Honda signals shift from Takata, hires rival to supply Accord airbags, report says Fri, 23 Jan 2015 12:19:56 EST Honda has chosen a competitor of embattled Takata to supply airbags for the next North American version of its Accord sedan, the automaker's best-selling vehicle, two people with knowledge of the decision told Reuters JCI quarterly net income grows 12% on higher volume Thu, 22 Jan 2015 15:07:03 EST Supplier Johnson Controls said today its quarterly net income grew 12 percent, reaching $507 million, compared with $451 million during the same quarter last year. Takata executive indicted in U.S. for fixing prices of seat belts Thu, 22 Jan 2015 13:55:53 EST An executive at embattled Japanese auto supplier Takata was indicted today for conspiring to fix the prices of seat belts sold to carmakers, the US Justice Department said. GM issues stop-sale on crossovers for problem with Goodyear tires Thu, 22 Jan 2015 10:22:20 EST General Motors has told dealers to stop delivery of about 6,300 2015 Chevrolet Traverse, GMC Acadia and Buick Enclave crossovers because of a pending recall to replace tires that are prone to cracking. PSA winds down hybrid air fuel-saving project, still seeks partner to share costs Thu, 22 Jan 2015 06:45:07 EST PSA/Peugeot-Citroen said it will continue development of its Hybrid Air technology to reduce fuel use, despite reports in the French press that the project almost certainly will not see commercialization. Chinese aerospace firm pursues acquisition of U.S. supplier Henniges, report says Thu, 22 Jan 2015 06:34:33 EST AVIC, China's biggest aerospace company, is among bidders pursuing an acquisition of US auto supplier Henniges Automotive Holdings, people with knowledge of the matter told Bloomberg. AVIC could pay $1 billion for the acquisition, Bloomberg reported. Toyota supplier weighs raising airbag capacity as demand climbs Wed, 21 Jan 2015 09:35:11 EST Toyoda Gosei, a supplier part-owned by Toyota, is considering increasing its capacity for making airbags to cater to expanding global demand for the safety devices. Schaeffler shifts 34% Continental stake off balance sheet Wed, 21 Jan 2015 04:58:10 EST Schaeffler says a 34 percent stake in rival Continental has been shifted off the books in a move toward a possible stock market listing. Schaeffler borrowed heavily to buy Continental in 2008 in a deal that unraveled during the financial crisis. Michelin CEO aims to win share from Chinese rivals Wed, 21 Jan 2015 01:48:36 EST Michelin aims to counter rising pressure from low-cost Chinese brands in Europe and North America by increasing the number of cheaper tires it offers from budget subbrands, the tire maker's CEO, Jean-Dominique Senard, told Automotive News... Takata airbag review panel members named by Skinner Tue, 20 Jan 2015 10:52:52 EST Former Transportation Secretary Samuel Skinner said six experts -- including Cerberus Chairman John Snow -- will serve on an independent panel that will oversee Takata's efforts to ensure that its airbag inflators meet federal safety standards. Google's self-driving car underpinned by Detroit area suppliers Tue, 20 Jan 2015 11:39:42 EST The fate of Google's self-driving car rests in the hands of Roush Industries and several other Detroit area suppliers. Japan's Daicel to lift inflator output after Takata recalls Mon, 19 Jan 2015 20:48:58 EST Japan's Daicel said it would boost production of airbag inflators to meet demand for the component at the heart of rival Takata's quality problems, which have led to the recall of more than 24 million vehicles worldwide since 2008. Hyundai posts biggest gain in global patent filings, report says Mon, 19 Jan 2015 13:07:59 EST Hyundai posted the biggest gains in the number of patent filings over the past five years, narrowing the gap with industry leader Toyota, according to an analysis of global patent applications released today. Google car project finds friends in industry Mon, 19 Jan 2015 00:01:00 EST Chris Urmson, the director of Google's autonomous driving project, revealed at the Automotive News World Congress last week that Google is working closely with global suppliers such as Bosch and Continental to build the prototypes that it plans to... Good times won't last forever, analyst says Mon, 19 Jan 2015 00:01:00 EST The U.S. auto industry is in good shape. But the good times won't last forever, so watch your balance sheets and don't blow it. That was the advice to automakers from John Murphy, lead U.S. Purchasing chief: Thriving suppliers are good for GM Mon, 19 Jan 2015 00:01:00 EST If Sergio Marchionne, CEO of Fiat Chrysler Automobiles, is looking for an ally to wring price concessions from suppliers, he won't find one in Steve Kiefer, General Motors' newly installed head of purchasing. After '11 quake, Renesas is ready for next disaster Mon, 19 Jan 2015 00:01:00 EST At the International CES this month, chipmakers such as Renesas, Nvidia and Freescale were eager to brag about their readiness to supply the silicon brains for infotainment and driverless cars. But when I chatted with Ali Sebt -- chief of Renesas' U. Honeywell turbo boss expects to gain from hot sector's growth Fri, 16 Jan 2015 00:01:00 EST Honeywell, the world's leading turbocharger supplier, foresees big gains for the performance-boosting, CO2-reducing technology, Terrence Hahn, CEO of the Switzerland-based Honeywell business unit, told Automotive News Europe. Takata recalls prompt Japan to consider supplier regulations Fri, 16 Jan 2015 06:34:18 EST Japanese Transport Minister Akihiro Ohta said today his ministry was considering whether to revise existing laws to beef up oversight of auto suppliers in the wake of massive recalls of Takata airbags. Hyundai Mobis to build $418 million parts factory in Mexico Fri, 16 Jan 2015 06:29:51 EST Hyundai Mobis, an automotive parts affiliate of Hyundai Motor and Kia Motors, said it has signed a deal to build a $417.71 million factory in Mexico to meet demand from the South Korean automakers. Two Italian suppliers pick Indiana for new U.S. operations Thu, 15 Jan 2015 16:12:51 EST Two Italian auto suppliers -- OMR Automotive and Sirmax -- today picked Indiana for significant new operations, Indiana Gov. Mike Pence announced. Autoliv has contracts for 25 million replacement Takata airbag inflators Thu, 15 Jan 2015 12:39:09 EST Autoliv, the world's largest supplier of automotive airbags, says it has signed contracts with several automakers to deliver up to 25 million inflators to fix potentially defective airbags produced by Takata. Via Motors targets annual sales of 50,000 plug-in hybrid trucks Thu, 15 Jan 2015 09:49:20 EST VIA Motors, the closely held assembler of plug-in hybrid pickups, expects to sell 50,000 vehicles per year by 2018. Supplier Linamar to add 1,200 jobs, invest $425 million Thu, 15 Jan 2015 10:46:31 EST Canadian supplier Linamar will add up to 1,200 jobs at a plant in Guelph, Ontario, developing fuel-efficient transmissions, with 10 percent of the new investment paid by the Canadian government. Bosch outlines 10-year path to door-to-door driverless car Wed, 14 Jan 2015 18:27:58 EST Germany's Robert Bosch GmbH -- the world's largest automotive supplier -- is preparing to roll out the technology needed to allow cars to pilot themselves and change lanes at high speeds on the autobahn. Google in talks with OEMs, suppliers to build self-driving cars Wed, 14 Jan 2015 14:10:03 EST Internet giant Google has started talks with most of the world's top automakers and assembled a team of global suppliers to speed its push to bring self-driving cars to market, Chris Urmson, the head of the project, said today at the Automotive News... Suppliers learn to innovate quickly Wed, 14 Jan 2015 14:35:56 EST From Tesla to the Google driverless car to the aluminum 2015 Ford F-150 pickup to active safety systems that promise zero fatalities, the auto industry is changing at an unprecedented pace. Magna forecasts surprise fall in 2015 revenue Wed, 14 Jan 2015 09:22:06 EST Canadian supplier Magna International forecast a surprise fall in fiscal 2015 revenue, hurt by falling sales in its production and contract manufacturing businesses. TI Automotive, Bain near deal a year after failed effort, report says Wed, 14 Jan 2015 09:10:53 EST TI Automotive, the auto fuel-systems maker that came close to a deal with Bain Capital Partners LLC last year, is again near an agreement to sell itself to the private equity firm, people with knowledge of the matter told Bloomberg. Verizon offers to hook up drivers of disconnected, older cars Tue, 13 Jan 2015 12:04:21 EST Drivers of older cars can gain some of today's technology when Verizon introduces a product linking them with its wireless network for help in a breakdown and advice on how to fix their aging set of wheels. VIA Motors delivering hybrid fleet trucks, Lutz says Tue, 13 Jan 2015 14:15:19 EST For former GM product czar Bob Lutz, his latest project is hitting the startup sweet spot, shipping retrofitted hybrid pickups to fleet customers. Dana CEO Wood to retire in 2016 Tue, 13 Jan 2015 10:54:27 EST Roger Wood, CEO of powertrain component supplier Dana, will retire in April 2016, the company said today. Mercedes increases emphasis on China in bid to pass BMW, Audi Tue, 13 Jan 2015 00:01:00 EST Mercedes could become the first luxury carmaker to launch new models in China before rolling them out in Europe and the U.S. after it strengthened its local randd operations in a bid to narrow the gap with Audi and BMW in the market. International CES fast becoming high-tech world's auto show Mon, 12 Jan 2015 00:01:00 EST The International CES in Las Vegas is fast becoming the high-tech world's own auto show. This year's meeting spotlighted the intersection of the two spheres in areas such as safety, autonomous driving and entertainment. ZF CEO tells TRW staffers that jobs are safe Mon, 12 Jan 2015 12:53:14 EST The $12.4 billion acquisition of TRW Automotive Holdings by Germany's ZF Friedrichshafen AG has many in metro Detroit afraid. But ZF CEO Stefan Sommer said at the Detroit auto show that those worries are for naught. %]