Automotive News Supplier News Feed News, blogs and commentary from the leader in North American automotive news en-us Tue, 3 May 2016 06:00:00 EST First Shift: Marchionne to run Ferrari, too? Mon, 2 May 2016 00:01:00 EST Marchionne to run Ferrari, too?; Takata braces for higher losses; Mitsubishi fallout hitting Nissan; Snag in Trans-Atlantic trade deal?; Snyder: A slow, but steady sales rise. Takata sets aside additional $189 million to cover airbag recall costs Mon, 2 May 2016 06:39:21 EST Takata raised provisions for its airbag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety crisis in the industry's history will expand further. Stop-sale backlog hits public groups' earnings Mon, 2 May 2016 00:01:00 EST Several publicly traded dealership groups noted that cars and truck languishing for months on their lots under stop-sale orders due to recalls hurt their first-quarter earnings. The problem could linger into 2017. From guy off the street to executive VP Mon, 2 May 2016 00:01:00 EST Pettercq Witt, who was named executive vice president, operations, for BMW of North America last week, used a variety of gimmicks to get hired in the first place. Ito named CEO of Denso International America Fri, 29 Apr 2016 15:53:10 EST Kenichiro Ito has been named CEO of Denso International America as part of several top management changes at the Japanese auto parts supplier, the company said in a press release. AutoNews Now: AutoNation, TrueCar to try again Fri, 29 Apr 2016 00:01:00 EST AutoNation, TrueCar give it another try; No price pressure from VW, Conti says; Acura marks 30 years; Gender gap persists; Cars shed leather to lose weight. Autoliv sees annual sales growth of 7% after robust Q1 earnings Fri, 29 Apr 2016 06:43:51 EST Autoliv, continuing to generate new business in the wake of the Takata airbag recall crisis, reported a bigger than expected rise in first-quarter earnings and raised its forecast for like-for-like sales this year while affirming its margin outlook. Continental raises margin target after Q1 profit gain Fri, 29 Apr 2016 04:19:54 EST Continental raised its profit margin target for this year after stronger demand for tires and industrial components pushed first-quarter profit and sales higher. Suppliers to the new Skoda Superb http://www.autonews.com Fri, 29 Apr 2016 00:01:00 EST Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Czech Republic. Output is expected to peak at more than 75,000 units this year, according to IHS Automotive. Lightweighting push puts pressure on leather Fri, 29 Apr 2016 00:01:00 EST Automakers' growing desire to cut weight from cars wherever they can is significantly boosting sales of an upmarket leather alternative, says the boss of the company that makes the substitute. Visteon reports drop in Q1 net income but gross margin rises Thu, 28 Apr 2016 15:31:30 EST Visteon, the former Ford parts unit that supplies various automotive electronics, on Thursday reported net income of $19 million on revenue of $802 million. Bosch set aside 650 million euros for legal costs in '15 Thu, 28 Apr 2016 05:20:18 EST Bosch set aside 650 million euros in 2015 for potential legal costs, including for an investigation into the company's role in VW Group's emissions scandal. Bosch makes an engine management program used by automakers including VW. BorgWarner Q1 adjusted earnings rise 5% Thu, 28 Apr 2016 11:19:05 EST Turbocharger and emissions systems supplier BorgWarner said today its first-quarter adjusted earnings rose on higher sales, even as one-time costs dragged down its net income. Supplier Tower International cancels plan to sell European unit Thu, 28 Apr 2016 16:10:16 EST Tower International, which makes heavy metal components and assemblies for cars and trucks, said today it will not sell its European division, citing the industry's growth in the region. Denso's fiscal-year net falls 5.8%; Aisin Seiki's climbs 14% Thu, 28 Apr 2016 15:13:21 EST Denso's net income fell 5.8 percent in the fiscal year which ended March 31, even as revenue rose 5 percent, the parts supplier said. Separately, Aisin Seiki said its net rose 14 percent as revenue rose 9.4 percent. VW eyes new partners; not talking with Google, Apple Thu, 28 Apr 2016 04:47:28 EST VW will open itself up to more partnerships and strategic investments to help generate a "substantial proportion" of its revenue from new business models, CEO Matthias Mueller said. Superior Industries more than triples Q1 net income Wed, 27 Apr 2016 15:21:57 EST Aluminum-wheel supplier Superior Industries more than tripled its first-quarter net income, driven by a 25 percent gain in wheel shipments. Icahn's Federal-Mogul returns to profitability in Q1 Wed, 27 Apr 2016 14:21:02 EST Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent. Automakers face deadline to challenge deposition orders in supplier price-fixing litigation Wed, 27 Apr 2016 13:44:18 EST General Motors, Fiat Chrysler, Toyota and other automakers by next week must decide if they will challenge an order that they give depositions in the massive Detroit civil lawsuit alleging price-fixing in the supply chain. Lear net income surges 69% in Q1 Wed, 27 Apr 2016 13:13:52 EST Seating and electronics supplier Lear reported today a 69 percent increase in first-quarter net income, driven by rising sales and demand for its parts. Bosch profit boosted by auto sensor technology sales Wed, 27 Apr 2016 08:26:12 EST Robert Bosch said revenue rose 44 percent to an all-time high of 70.6 billion euros last year helped by strong sales of vehicle technology, but cautioned momentum had slowed at the start of 2016. Bosch's auto unit boosted sales 12 percent to 41. Mazda sees operating profit falling 25% this fiscal year Wed, 27 Apr 2016 07:47:34 EST Mazda said it expects its operating profit to fall 25 percent in the current fiscal year because of a stronger yen and a slowdown in China and other emerging economies. Bosch CEO: We did not say that Fiat is using defeat devices Wed, 27 Apr 2016 07:16:28 EST Bosch did not say that Fiat is using an illegal defeat device, the supplier's CEO, Volkmar Denner, said today. "At no point in time did Bosch communicate that Fiat is using a non-authorized defeat device." Bosch posts record revenue on safety and assistance systems, warns of slowdown Wed, 27 Apr 2016 06:44:29 EST German auto parts maker Robert Bosch said it expected sales to rise at the lower end of its 3 to 5 percent forecast range this year if a slowdown in the first quarter continues. Valeo sales rise 9% on intuitive driving systems Wed, 27 Apr 2016 04:44:23 EST French supplier Valeo reported a 9.4 percent rise in first-quarter sales, lifted by demand for pricier content such as display screens, parking assistance and radar systems. Tenneco Q1 net income up 16% on record revenue Tue, 26 Apr 2016 12:56:58 EST Ride-control and emission-control supplier Tenneco has reported a 16 percent rise in first-quarter net income on a wave of record revenue. Panasonic to make push into autonomous tech Mon, 25 Apr 2016 00:01:00 EST Consumer electronics maker Panasonic grew big in automotive with vehicle displays and batteries for electric vehicles. But now, the supplier is looking for even bigger growth from its emerging technologies for autonomous-drive cars. First Shift: Dodge Journey makeover delayed Mon, 25 Apr 2016 00:01:00 EST Dodge Journey platform switch delayed; AutoNation eases rule on cars with open recalls; Mercedes to compensate dealers for unfixed vehicles; New Porsche Caymans; Beijing preview Getting drivers hooked on connectivity Mon, 25 Apr 2016 00:01:00 EST In an unusually rich promotion for the everyman compact market, Chevy is offering two years of free OnStar and Sirius XM satellite radio and a slug of monthly data use on the Cruze's 4G LTE Wi-Fi service. Honeywell sees e-chargers, e-turbos on the horizon Mon, 25 Apr 2016 00:01:00 EST Almost half of all vehicles produced in the world will be turbocharged by the end of this decade, forecasts Honeywell Transportation Systems CEO Terrence Hahn. Toyota estimates loss in output from Japan quakes at 80,000 vehicles Sun, 24 Apr 2016 10:19:39 EST Toyota expects to lose 80,000 units of production after shutting down nearly all of its assembly plants in Japan after two killer earthquakes disrupted parts supplies. Renault exec wonders if Google, Apple will lose interest in auto business Sun, 24 Apr 2016 00:01:00 EST Renault Connected Car Director Thierry Viadieu is confident that his company will be in the car business a decade from now. He is less sure that will be the case for Google and Apple. He explained why to Automotive News Europe. Valeo CEO outlines how supplier will evolve to keep pace with megatrends Sat, 23 Apr 2016 00:01:00 EST Autonomous driving, car-sharing and electric powertrains are currently some of the megatrends shaking up the car industry and forcing suppliers to evolve quickly to keep pace with developing technology, Valeo CEO, Jacques Aschenbroich, explained to... GM to idle 4 N.A. plants for 2 weeks after Japan quakes disrupt supply chain Fri, 22 Apr 2016 10:03:14 EST General Motors said it will temporarily close four North American assembly plants as the automaker adjusts to disruptions in the supply chain in the wake of last week's deadly Japan earthquakes. Gentex Q1 profits rise 4% to $80 million Fri, 22 Apr 2016 14:53:36 EST First-quarter net income at mirror, camera and electronic component supplier Gentex Corp. rose 4 percent from a year earlier to $80.3 million. JCI says seating orders accelerate as Adient spinoff approaches Thu, 21 Apr 2016 16:10:18 EST On the verge of spinning off its automotive seating business into a new company called Adient, Johnson Controls said its seating orders accelerated during the first half of fiscal 2016, and were 'nearly equal to full year fiscal 2015 levels." IAC promotes two execs to head N.A., Europe operations Wed, 20 Apr 2016 16:03:08 EST International Automotive Components today named Maurice Sessel and Kelli Carney to run its North American and European operations, respectively. Former supplier executive to serve 18 months in U.S. for price fixing Wed, 20 Apr 2016 12:35:23 EST A former high-ranking executive with Japanese supplier Nishikawa Rubber has pleaded guilty and will serve 18 months in a U.S. prison for his role in fixing the prices of automotive body sealing products, the U.S. Department of Justice said today. Apple sets up lab in Germany to help develop iCar, paper says Wed, 20 Apr 2016 04:19:50 EST Apple has established a team of "young, progressive" automotive experts in Berlin to work on its electric iCar and may build the vehicle with Magna Steyr in Austria, a German paper said. Toyota will restart production at most Japan plants next week Wed, 20 Apr 2016 05:11:46 EST Toyota today said it plans to resume most vehicle production in Japan staring April 25 after deadly earthquakes forced it to suspend operations at nearly every domestic plant. BMW execs defect to Chinese EV company, report says Tue, 19 Apr 2016 06:50:10 EST A Chinese electric-vehicle company has hired a team of managers from BMW Group's i subbrand, Bloomberg reported. Ford supplier in Ohio agrees to UAW representation Tue, 19 Apr 2016 14:43:29 EST Detroit Chassis, a company that supplies axles to Ford, agreed to let temporary workers at an Ohio plant join the UAW after they threatened a strike that could have hit production of large Ford pickup trucks at a nearby plant, the UAW said today. Apple hires Tesla engineer to head car project, report says Tue, 19 Apr 2016 11:23:50 EST Apple hired former Tesla Motors vice president of vehicle engineering Chris Porritt to work on "special projects" related to the tech giant's electric car initiative, website Electrek reported today. Faurecia signs 'definitive' deal to sell auto exteriors business to Plastic Omnium Tue, 19 Apr 2016 06:04:57 EST Faurecia said it has signed a "definitive" agreement to sell its automotive exteriors business to Plastic Omnium for an enterprise value of 665 million euros ($753 million) to reduce debt. First Shift: Chevy Cruze lineup hits 40 mpg Tue, 19 Apr 2016 00:01:00 EST Chevy Cruze lineup reaches 40 mpg; VW 'code words' said to hinder probe; Penske to drive Indy 500 pace car; Hyundai-Cisco, Faurecia-Plastic Omnium deals; Creating Mazda loyalty; SNL's Mercedes spoof. AutoNews Now: Risks for Japan's supply chain Mon, 18 Apr 2016 00:01:00 EST Earthquakes expose vulnerable Japan supply chain; Chinese-made Jeep Renegade; Valeo, Siemens team up on electrified-car tech; VW hit with patent complaint; Sunny forecast for Ford, GM. Siemens, Valeo partner to produce EV motors Mon, 18 Apr 2016 14:02:47 EST German engineering giant Siemens and French auto supplier Valeo are teaming up to make motors for electric and hybrid cars. Suppliers bet on mild hybrids with electric turbos Mon, 18 Apr 2016 00:01:00 EST Tesla CEO Elon Musk wowed the auto industry when he announced 325,000 orders for his company's Model 3 electric vehicle, but some suppliers believe mild hybrids are a better bet. Toyota may lose $277 million this quarter as quakes halt Japan output Mon, 18 Apr 2016 04:39:48 EST Toyota's profit may fall by about $277 million for the current quarter, an industry analyst said, after a series of earthquakes struck Japan, disrupting parts supplies. Grupo Antolin opens interior trim plant in China Mon, 18 Apr 2016 05:53:14 EST Spanish supplier Grupo Antolin opened a plant in Wuhan, China, to produce headliners and door panels for automakers including Renault, PSA, Nissan, Infiniti and Honda.The new plant is a joint venture with Dongfeng Visteon.