Automotive News Supplier News Feed News, blogs and commentary from the leader in North American automotive news en-us Tue, 28 Mar 2017 06:00:00 EST JCI CEO Molinaroli was paid $46.4 million in one month, documents say Tue, 28 Mar 2017 14:11:39 EST Alex Molinaroli, the CEO of Johnson Controls International, was paid $46.4 million for September 2016, but JCI won't disclose how much he received as head of the company in its last fiscal year. Hertz shares bear brunt of 'freak out' over used-car price drop Tue, 28 Mar 2017 07:43:35 EST As investor concern spreads about the plunging prices of used cars in the U.S., one company and its top investor are enduring the biggest beating: Hertz and Carl Icahn. Uber wants fight with Waymo out of public view Tue, 28 Mar 2017 06:48:52 EST Uber says Alphabet's own ground rules require accusations that the ride-hailing giant stole trade secrets for autonomous cars be resolved in private arbitration and not a public court. Knorr-Bremse could make further acquisitions after Haldex Mon, 27 Mar 2017 06:00:31 EST German supplier Knorr-Bremse could make further acquisitions worth about 500 million euros ($543 million) each, after making a bid for Sweden's brake systems maker Haldex. Adient to work with Boeing on airplane seating Mon, 27 Mar 2017 17:07:20 EST Automotive seating supplier Adient said it will work with Boeing to explore how to improve commercial airplane seating and interiors. UK manufacturers urge PM to drop threat of no Brexit deal Mon, 27 Mar 2017 04:46:57 EST Britain's manufacturers told Prime Minister Theresa May to drop her threat that she might take the country out of the EU without a new trade deal, a move that could leave automakers facing tariffs averaging 5.3 percent. Enterprise offers automakers renter insights Mon, 27 Mar 2017 00:01:00 EST An Enterprise Rent-a-Car mobile app now lets customers rate their rental vehicles, providing feedback to automakers on what are essentially extended test drives. Uber suspends self-driving car program after Arizona crash Sat, 25 Mar 2017 19:00:00 EST Uber has suspended its pilot program for autonomous vehicles after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said. Porsche hires Disney to lead its training Sat, 25 Mar 2017 00:01:00 EST Exciting customers is about to become more than a mission statement at Porsche Cars North America. Infineon raises 2017 outlook on stronger automotive microchip orders Fri, 24 Mar 2017 11:30:10 EST German chipmaker Infineon raised its outlook for the second quarter and for its 2017 financial year, citing better-than-expected orders for the chips it makes for cars. Spain's Gestamp sets price range in $3.8 billion IPO Fri, 24 Mar 2017 03:33:56 EST Spanish supplier Gestamp will price its IPO at 5.6 to 6.7 euros per share, valuing the company at around $3.8 billion in one of Europe's biggest stock market listings so far this year. Shanghai show to measure progress of China's would-be Teslas Fri, 24 Mar 2017 04:19:10 EST At least six startups funded by Chinese backers have hatched plans to develop high-performance EVs and become the next Tesla. Superior Industries offers $715 million for Europe's Uniwheels Thu, 23 Mar 2017 06:30:37 EST Wheel supplier Superior Industries has launched an offer to buy Uniwheels for around $715 million after winning the support of the German company's biggest shareholder. Toyota gets license to Microsoft's connected vehicle patents Wed, 22 Mar 2017 17:00:00 EST Microsoft said it will license all of its connected vehicle patents to Toyota in its most wide-ranging intellectual property agreement with an automaker. Sage Auto settled with FTC to avoid costly litigation, its attorney says Wed, 22 Mar 2017 11:30:00 EST Sage Automotive Group and its owners settled federal charges last week that the group used deceptive and unfair sales and financing practices. Sogefi will open first Africa plant in Morocco Wed, 22 Mar 2017 06:36:26 EST Sogefi plans to open a new factory in Morocco to build engine filtration systems. Moroccan car output has grown as foreign automakers invest in a market that Sogefi predicts will reach a production volume of about 1 million vehicles annually by 2025. First Shift: Mini's ad agency calls it quits Tue, 21 Mar 2017 08:15:00 EST Mini's ad agency quits ahead of review; BMW projects record results; VW's top shareholder reverses loss; 'Great potential' for Countryman?; Musk's Hyperloop vision taking shape. Porsche SE posts profit as owner clan plans to buy out Piech Tue, 21 Mar 2017 06:44:51 EST Porsche Automobil Holding SE returned to profit as its billionaire owner family is in talks to buy out Ferdinand Piech following a clash between the former Volkswagen AG patriarch and his relatives. Panasonic to take control of Spanish auto parts maker Ficosa Tue, 21 Mar 2017 07:21:11 EST Panasonic has agreed to become majority owner of Spanish auto parts maker Ficosa International as it bolsters its push into the automotive field. Panasonic will take control of Spanish supplier Ficosa Tue, 21 Mar 2017 04:52:18 EST Panasonic will become the majority owner of Spanish supplier Ficosa as it bolsters its push into the automotive sector. The Japanese company, which already holds 49 percent of Ficosa, will buy an additional 20 percent of the Spanish firm. Lear to launch vehicle communication partnership with Wyoming Mon, 20 Mar 2017 15:45:19 EST Lear is partnering with Wyoming to enable vehicle-to-vehicle and vehicle-to-infrastructure communication in the state. Kelley Blue Book expands abroad Mon, 20 Mar 2017 08:00:00 EST Kelley Blue Book is taking its online vehicle valuation and pricing tools overseas, starting with Portugal. Uber president quits after 6 months amid turmoil Mon, 20 Mar 2017 07:01:44 EST Uber President Jeff Jones is quitting after less than a year, amid multiple controversies engulfing the ride-hailing company. First Shift: T-Roc to join VW crossover lineup Mon, 20 Mar 2017 08:30:00 EST VW to launch T-Roc in U.S. in '19; Mitsu delays two key redesigns amid Nissan alliance; Buick Regal wagon spied; VW CEO's office searched - report; The 'when' of autonomous cars. Intel becomes an insider, and goes all in Mon, 20 Mar 2017 00:01:00 EST Intel Corp. is a new player at the auto industry's poker table, but the company's $14.7 billion acquisition of Mobileye gives it a hand with a pair of aces. Wake up! Your supplier's plant is on fire! Mon, 20 Mar 2017 00:01:00 EST Somewhere in the world this month, a typhoon might delay a shipment of auto parts. A violent mob could shut a supplier's factory, or a faraway boardroom spat might halt a critical product investment. Nvidia self-driving partnerships detailed Mon, 20 Mar 2017 00:01:00 EST Last week, Nvidia spelled out details of two partnerships it has for its self-driving computer chips: one deal with in which Robert Bosch GmbH that will use Nvidia's chips to power its self-driving supercomputer, and one with truckmaker Paccar to... Tata Steel seeks more takers for tailored blanks Mon, 20 Mar 2017 00:01:00 EST Under pressure from low-cost imported steel, Tata Steel is stepping up its European production of higher-margin tailored blanks. Rebounding Renesas sets up for growth Mon, 20 Mar 2017 00:01:00 EST Japanese chipmaker Renesas bottlenecked much of the auto industry when its plant was damaged by Japan's 2011 killer earthquake. It now plans big growth thanks to its takeover of an American rival. Georgia's winning streak with suppliers Mon, 20 Mar 2017 00:01:00 EST Georgia has tapped a vein of small to midsize privately owned German parts companies that are ready to build their first American factory. Consultant advises how to get paid in the auto industry Mon, 20 Mar 2017 00:01:00 EST Delphi says in an SEC filing that a number of suppliers have negotiated contracts to be compensated by automakers irrespective of actual volumes. And why not? Renault aims for profit from Alpine sports car Sun, 19 Mar 2017 00:01:00 EST Renault says its Alpine A110 sports car is more than an exercise in nostalgia. The company expects the mid-engine coupe to be profitable and it could be the first in a new line of vehicles for the revived Alpine brand. Chassix plans $50 million expansion in Czech Republic Fri, 17 Mar 2017 08:20:20 EST U.S. auto supplier Chassix said it plans to invest $50 million to expand its operations to the Czech Republic in 2018. Trump predicts fantastic trade deal with Germany Fri, 17 Mar 2017 07:31:10 EST After a high profile meeting at the White House, President Trump said he expected the United States to do "fantastically well" in trade talks with Germany, while German Chancellor Angela Merkel said she hoped the United States and the European Union... Nvidia chips to power Bosch, Paccar self-driving tech Fri, 17 Mar 2017 13:14:24 EST Nvidia chips will go in Bosch self-driving supercomputers, and has developed a proof-of-concept self-driving truck with Paccar. Magna may open Slovenia car plant as it adds Jaguar EV to BMW, Mercedes output Fri, 17 Mar 2017 04:57:52 EST Magna may invest up to $1.3 billion in Slovenia to open a car plant. The company's current European plant in Austria, which builds Mercedes and BMW models, is running out of capacity as Magna gears up to add output of two Jaguar Land Rover vehicles. First Shift: Hands-on way to keep service customers? Fri, 17 Mar 2017 08:30:00 EST Service customers like text updates, study finds; Green-car funds at risk; BMW chief to join Merkel in Trump meeting; LeEco bailing on Calif. site?; Porsche's banner year. First Shift: Trump vows fight for auto jobs Thu, 16 Mar 2017 08:15:00 EST Trump in Detroit: A fight for jobs, 'Painful adjustment' ahead?, Environmental groups defend mpg targets; Marchionne: 'Zero interest' in VW merger; Audi Q4 confirmed; Tesla cash hunt. Bosch sticks to own technology in face of Intel-Mobileye acquisition Wed, 15 Mar 2017 11:16:54 EST A top Bosch executive said the supplier will continue to develop its own visual technology regardless of Intel's $14.7 billion deal to buy Mobileye. Why tougher EU emissions rules put the combustion engine's future in doubt Wed, 15 Mar 2017 00:01:00 EST The EU is set to reshape the industry later this year when it agrees on stringent emission targets for the next decade that could mark the beginning of the end for traditional combustion-powered vehicles in the world's largest economic bloc. Magna, Ford team up for weight-saving carbon fiber subframe prototype Tue, 14 Mar 2017 14:41:41 EST Magna, in cooperation with Ford, says it has developed a prototype carbon fiber composite subframe that reduces mass by 34 percent from a stamped steel equivalent. Intel's $14.7 billion Mobileye deal marks Israel as an autonomous tech hub Tue, 14 Mar 2017 15:59:44 EST Israel's emergence as a center for automotive technology got a vote of confidence when Intel said it would pay $14.7 billion for Mobileye, a maker of chips and software for driverless cars. Self-driving startups make ripe targets Tue, 14 Mar 2017 13:00:43 EST Smaller autonomous technology companies specializing in areas like artificial intelligence, sensors or mobility services could be a boon to big players looking to gain market share and attract automaker partnerships. First Shift: Nissan's design master stepping down Tue, 14 Mar 2017 08:30:00 EST Nissan's design master stepping down, ex-BMW design chief joins Infiniti; Leadership changes at Mitsu; VW upbeat on '17; Subprime bubble just a myth?; U.S. recalls hit record high. Italdesign buyers get a say in Zerouno supercar design Mon, 13 Mar 2017 00:01:00 EST Italdesign is famous for designing cars for automotive customers. So when designing a car for individual customers, it followed the same route: Show them the design and ask what changes they'd make. Gestamp plans $3.9 billion Spanish listing Mon, 13 Mar 2017 07:05:09 EST Gestamp plans an initial public offering valuing it at about 3.7 billion euros ($3.9 billion) in what would be one of the biggest European stock market listings so far this year. Intel to buy autonomous-tech firm Mobileye in $14.7 billion deal Mon, 13 Mar 2017 07:21:50 EST Intel agreed to buy Israeli autonomous-driving technology company Mobileye in a deal valued at $14.7 billion. Mobileye accounts for 70 percent of the global market for advanced driver-assistance and anti-collision systems. Intel's Mobileye buy heats up competition with Qualcomm Mon, 13 Mar 2017 16:01:46 EST Intel's proposed $14.7 billion acquisition of Mobileye will make the chipmaker one of the top players in computer processing for self-driving cars. AutoNews Now: Trump expected to reopen MPG review Mon, 13 Mar 2017 14:30:00 EST Trump expected to reopen MPG review; Volvo plans 250-mile EV; Tesla Model 3 hits street; Mobileye deal to hasten self-driving era?; Ford tests Smart Service kiosk; A special Toyota. First Shift: Chip giant Intel to buy Mobileye Mon, 13 Mar 2017 08:45:00 EST Chip giant Intel buying Mobileye; Lincoln to make SUV in China; Piech ousted again?; Easing driverless-car rules in CA; Car inventories swelling; Sync 3 learns Chinese handwriting. %]