Automotive News Supplier News Feed News, blogs and commentary from the leader in North American automotive news en-us Tue, 16 Sep 2014 06:00:00 EST Penske expands engines, power business in Australia, Pacific Tue, 16 Sep 2014 15:46:42 EST Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets. Strike shows restless UAW is going after two-tier wage system Tue, 16 Sep 2014 15:30:38 EST The word 'strike' has returned to the UAW lexicon. The union struck on Saturday at a Lear plant in Indiana that makes seats for Ford's Chicago Assembly Plant. Workers were back on the job a day later. ZF says TRW takeover creates supplier ready for self-driving age http://www.autonews.com Tue, 16 Sep 2014 08:19:53 EST ZF wants to purchase TRW to create a global supplier ready for an age of self-driving cars. "The major motivation for this transaction is technology driven, in the field of electromobility and ... autonomous driving," ZF CEO Stefan Sommer said. Toyota pauses on Mexico expansion to review growth strategy, report says Tue, 16 Sep 2014 10:15:47 EST Toyota is reconsidering a move to open a new compact car assembly plant in Mexico after company President Akio Toyoda told planners searching for a site to pause and review its rationale, executives familiar with the matter said. Bosch benefits from ZF's bid to buy TRW http://www.autonews.com Tue, 16 Sep 2014 06:45:24 EST Robert Bosch is an unexpected beneficiary of ZF's plans to purchase TRW. Bosch is poised to take full control of a steering joint venture it co-founded with ZF that makes systems that are key to creating driverless cars. Bosch benefits as new ZF-TRW combo enters driverless car fray Tue, 16 Sep 2014 06:51:01 EST Robert Bosch GmbH gained full control over key automotive technology, positioning the world's biggest parts supplier as an unexpected beneficiary of ZF Friedrichshafen AG's leap into the No. 2 position. UAW deal with Lear would shed two-tier wages at Ind. plant Mon, 15 Sep 2014 22:16:08 EST The agreement that ended a one-day strike at a Lear seat plant supplying Ford in Chicago would get rid of a wage structure that pays new-hires less than their veteran colleagues, a union official said. ZF to purchase TRW for $105.60 a share http://www.autonews.com Mon, 15 Sep 2014 10:02:27 EST ZF has reached a deal to buy TRW Automotive for $105.60 per share. The transaction will create the world's second-largest auto supplier with combined revenue of about 30 billion euros ($41 billion). TRW agrees to be acquired by ZF for $13.5 billion in cash Mon, 15 Sep 2014 03:11:41 EST TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, today said it agreed to be acquired by German supplier ZF Friedrichshafen for $13.5 billion in cash. ZF to sell steering-venture stake to Bosch to help TRW deal http://www.autonews.com Mon, 15 Sep 2014 03:11:41 EST ZF will sell its stake in a joint venture to partner Robert Bosch. The deal paves the way for ZF to buy TRW to create the world's No. 2 automotive supplier. %]