Automotive News Supplier News Feed News, blogs and commentary from the leader in North American automotive news en-us Tue, 5 May 2015 06:00:00 EST Repair shops strive to stay head of the pace Mon, 4 May 2015 00:01:00 EST Insurance companies are increasingly savvy at reducing payments for repair work. Repair shops say insurers are steering them to aftermarket parts from China and other low-cost countries, which some say are inferior to factory-approved parts. Supplier Sakhti bets on hiring ex-felons Mon, 4 May 2015 09:17:48 EST Sakthi Automotive Group USA, in the nascent stages of a massive expansion project on the Detroit waterfront, is betting big on a nontraditional sort of workforce: convicted felons. TomTom eyes autonomous cars Mon, 4 May 2015 06:49:59 EST Dutch navigation company TomTom aims to become a main provider of technology for self-driving cars as it charts its way back to success after seven lean years, CEO Harold Goddijn said. Check out the ANE e-magazine for May Mon, 4 May 2015 00:01:00 EST The latest issue of the Automotive News Europe e-magazine is ready for you to view. This month's edition looks at what European automakers plan to do to keep winning in China despite the normalization of the market's growth. Civil settlements for price fixing rise Mon, 4 May 2015 00:01:00 EST Civil settlements have exceeded $270 million in federal litigation stemming from the ongoing U.S. criminal antitrust investigation into automotive supplier price fixing. Industry learns how to manage in good times Mon, 4 May 2015 00:01:00 EST The U.S. auto industry is in the midst of an unprecedented stretch of growth and prosperity. Beat goes on for Subaru, Audi, FCA Mon, 4 May 2015 00:01:00 EST Audi, Subaru and Fiat Chrysler Automobiles kept their U.S. sales streaks alive in April. Audi marked the brand's 52nd straight monthly sales record. Subaru reported its 41st consecutive month of growth. 2 industry titans in turmoil Mon, 4 May 2015 00:01:00 EST Two of Europe's automotive titans, long used to getting their way in boardroom intrigues, suffered rare defeats in late April that threaten to alter permanently the empires they built. Audi to focus on plug-in hybrids even as it plans EV to take on Tesla Mon, 4 May 2015 00:01:00 EST Although Audi plans an electric crossover to challenge Tesla's Model X, CEO Rupert Stadler says he remains cautious about the future of electric vehicles. Hyundai Mobis moves fast on autonomous tech Mon, 4 May 2015 00:01:00 EST Hyundai Mobis, South Korea's biggest supplier, is moving fast to bulk up its autonomous drive technology program, to boost the competiveness of the safety systems of its most important customer: The Hyundai-Kia group. Honda, Takata sued over fatality in Malaysia Fri, 1 May 2015 06:43:18 EST The father of a pregnant woman killed by shrapnel from an airbag that deployed during an auto accident in Malaysia sued Takata and Honda in the US. Germany's Brose expects China sales to rise 50% by 2020 Fri, 1 May 2015 00:01:00 EST German supplier Brose Group expects its annual sales in China will grow by 50 percent by 2020, as the company undergoes a period of expansion in the country. ANE's May e-magazine goes live Monday Fri, 1 May 2015 00:01:00 EST The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, May 4. This month's edition looks at what European automakers plan to do to keep winning in China despite the normalization of the market's growth. Almost half of U.S. vehicles aren't covered under existing safety regulations Thu, 30 Apr 2015 07:01:49 EST Hundreds of crashes involving defective cars are going unreported each year because under federal safety rules automakers aren't required to report suspicious accidents for models more than 10 years old. Delphi looking for acquisition of $1 billion-$3 billion, CEO says Thu, 30 Apr 2015 09:58:46 EST Delphi CEO Kevin Clark said the company could spend $1 billion to $3 billion this year on a large acquisition related to its traditional "hardware" business and will make smaller investments in software. Aluminum castings supplier Sakthi plans $31.9 million expansion in Detroit Thu, 30 Apr 2015 13:09:24 EST Aluminum castings supplier Sakthi Automotive Group USA is planning a $31.9 million expansion of its plant in Detroit. BorgWarner Q1 net income rises 12.5% but revenue falls 4.8% on currency exchanges Thu, 30 Apr 2015 11:32:51 EST BorgWarner Inc., the supplier known for its turbochargers and emission systems, said its first-quarter net income increased 12.5 percent from 2014 to $178.9 million, while its quarterly revenue sank 4.8 percent to $1.98 billion. German automakers' bonus from weak euro may be hit by U.S. Fed shift Thu, 30 Apr 2015 08:54:51 EST German carmakers and suppliers expect currency effects to add hundreds of millions to their bottom lines. But moves by the Federal Reserve to prop up the U.S. economy could strengthen the euro and hurt Daimler, VW and BMW. Marchionne's proposal for Apple car deal isn't crazy Thu, 30 Apr 2015 04:39:07 EST Fiat Chrysler CEO Sergio Marchionne is open to an alliance with Apple or Google as he seeks a merger partner. Continental Q1 profit rises 5% on Europe rebound Thu, 30 Apr 2015 05:39:27 EST Continental's first-quarter profit rose 5 percent to about 1 billion euros ($1.11 billion) as auto sales in Europe increased. Francois Michelin dies at age 88 Wed, 29 Apr 2015 09:24:53 EST Francois Michelin, who headed the French tire giant that bears his family name for 47 years, died Wednesday at age 88. Bosch says weak euro will help sales rise up to 5% Wed, 29 Apr 2015 05:59:12 EST Bosch forecasts that its 2015 sales will rise between 3 percent and 5 percent after a weaker euro bolstered its top line in the first three months. Hella says its finance chief will leave Wed, 29 Apr 2015 05:41:33 EST Hella, a German manufacturer of auto headlights and electronics, said its finance chief Wolfgang Ollig had asked that his contract not be renewed when it runs out in mid-2016. Supplier price-fixing civil settlements top $260M Tue, 28 Apr 2015 10:50:37 EST Civil settlements recently have exceeded $260 million in federal litigation stemming from the ongoing US criminal antitrust investigation into supplier price fixing. Rosekind to talk safety with auto execs in Detroit Tue, 28 Apr 2015 15:48:47 EST The top federal auto safety official is traveling to Detroit Wednesday for a series of meetings with automotive CEOs and executives to discuss his agency's safety expectations. Yamada to pay $2.5 million U.S. fine for fixing prices of steering columns Tue, 28 Apr 2015 18:15:00 EST Japan's Yamada Manufacturing agreed to pay a $2.5 million fine and plead guilty to a single felony count of fixing the prices of steering columns. Penske Q1 net up 12% as sales rise Tue, 28 Apr 2015 08:48:40 EST Penske Automotive Group reported first-quarter net income rose 12 percent driven largely by strong vehicle sales. Denso forecasts profit growth on higher Asia sales Tue, 28 Apr 2015 11:10:48 EST Denso, the world's second-biggest auto supplier based on revenue, forecast a 7 percent rise in operating profit for the year ahead, citing an anticipated rise in Asian sales. Sogefi names former Faurecia exec as new CEO Mon, 27 Apr 2015 09:58:55 EST Italian supplier Sogefi has named Laurent Hebenstreit as its new CEO. Hebenstreit, 54, a former director at Faurecia and Plastic Omnium, will succeed Guglielmo Fiocchi, who left the company late last year. Senate bill would reward workers for reporting safety concerns to regulators Mon, 27 Apr 2015 17:31:39 EST The U.S. Senate is nearing approval of a bipartisan bill that would give financial incentives to employees at automakers and suppliers who report safety defect concerns to regulators. Tenneco Q1 net income up 6.5%; revenue hit by exchange rates Mon, 27 Apr 2015 15:05:44 EST Ride control and emission control supplier Tenneco reported net income improvement and adjusted revenue growth for the first quarter. How Hummer maker, Mercedes came together Mon, 27 Apr 2015 00:01:00 EST Production of the Mercedes-Benz R class will begin on the line that once made Hummer H2s for General Motors, just a stone's throw from where AM General builds light tactical military vehicles for the U.S. and other governments. AM General has big plans for MV-1 wheelchair vans Mon, 27 Apr 2015 00:01:00 EST AM General earned a name for itself building vehicles for other people: the original Humvee for military customers and the Hummer H2 SUV for General Motors. AM General has big plans for MV-1 wheelchair vans Mon, 27 Apr 2015 00:01:00 EST Now and OEM in its own right, AM General works to build its Mobility Ventures brand and grow sales of the MV-1 wheelchair accessible vehicle. Innovation inspires suppliers along with industry Mon, 27 Apr 2015 00:01:00 EST The 21st annual Automotive News PACE awards were handed out April 20 at the Max M. Fisher Music Center here. The awards are sponsored by EY, the Transportation Research Center Inc. and Automotive News. Fourteen awards were won by 12 suppliers. TRW details China plans, sale of unit Mon, 27 Apr 2015 00:01:00 EST TRW, the safety components supplier being acquired by Germany's ZF, said it plans to open three plants in China this year and next. Where the heck is Apple CarPlay? Sun, 26 Apr 2015 00:01:00 EST Validation testing has delayed the rollout of Apple's CarPlay and Google's Android Auto, showing the challenge of updating cars at smartphone speed. Supplier ThyssenKrupp plans to invest $869 million in N.A. by 2020 Fri, 24 Apr 2015 11:39:35 EST German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production. Lear Q1 net income, revenue up after Eagle Ottawa acquisition Fri, 24 Apr 2015 11:25:01 EST Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier. Valeo posts quarterly sales gain on Europe, China Fri, 24 Apr 2015 05:56:19 EST Valeo's first-quarter revenue rose 15 percent, lifted by sales growth in Europe and China. The supplier sees vehicle production rising about 3 percent globally in 2015, with the same figure expected in Europe, excluding Russia. Haldex first-quarter profit rises 37% Fri, 24 Apr 2015 05:10:14 EST Swedish supplier Haldex said operating profit rose 37 percent in the first quarter to 115 million Swedish crowns (12.2 million euros) as the company repeated its forecast for markets to grow at a slower pace this year. Former Hitachi exec sentenced to 15 months in prison after guilty plea for price fixing Thu, 23 Apr 2015 05:45:00 EST A former executive with Hitachi Automotive Systems pleaded guilty and was sentenced to 15 months in prison for conspiring to fix prices on a number of automotive parts sold in the United States. Goodyear to spend $550 million on tire plant in Mexico, report says Thu, 23 Apr 2015 10:54:01 EST Goodyear Tire and Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector. TRW to sell suspension unit to THK for $400 million Wed, 22 Apr 2015 06:46:43 EST TRW Automotive Holdings said it agreed to sell its linkage and suspension business to Tokyo conglomerate THK for $400 million. Autoliv predicts more growth after Q1 revenues rise Wed, 22 Apr 2015 10:05:22 EST Autoliv says it expects higher second-quarter sales growth after producing first-quarter earnings above market expectations on the back of strong sales in Europe and lower overall costs. Peugeot, IBM agree to develop new connected-car services Wed, 22 Apr 2015 08:26:33 EST PSA Peugeot Citroen and IBM are working together to hook cars up to the Internet, going beyond mapping and infotainment to link vehicles up to shops, service networks and urban transport grids, the companies said today. Continental will invest 1 billion euros in China, CEO says Tue, 21 Apr 2015 09:40:39 EST Continental plans to invest about 1 billion euros ($1.07 billion) in China over the next five years, CEO Elmar Degenhart said. The company is seeking to boost its share of Asian sales to 30 percent of global turnover by 2020 from a fifth at present. NHTSA prepares steps to speed up Takata, Jeep recalls Tue, 21 Apr 2015 13:30:01 EST Federal auto safety regulators want to see more progress on the Takata and Jeep fuel tank recalls, and could take action in the next two weeks to achieve that goal. With 3-D printing, product development flies Tue, 21 Apr 2015 11:00:00 EST 3-D printers are dramatically cutting product development costs, allowing engineers and designers to get prototype parts in hours, not weeks. TRW plans to open 3 more plants in China Tue, 21 Apr 2015 10:08:41 EST TRW Automotive, the safety components supplier being acquired by Germany's ZF Friedrichshafen, said it plans to open three plants in China this year and next. %]