Automotive News Supplier News Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Sun, 26 Jun 2016 06:00:00 EST Penske Automotive, Group 1 shares plunge after Brexit vote http://www.autonews.com/article/20160624/RETAIL/160629895/penske-automotive-group-1-shares-plunge-after-brexit-vote Fri, 24 Jun 2016 12:41:34 EST Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union. A Tesla bull, citing risk from SolarCity deal, cuts outlook on EV maker http://www.autonews.com/article/20160623/OEM/306239937/a-tesla-bull-citing-risk-from-solarcity-deal-cuts-outlook-on-ev Thu, 23 Jun 2016 11:34:20 EST Morgan Stanley's Adam Jonas, one of the most bullish analysts on Tesla Motors, joined the ranks of those who have panned Elon Musk's $2.86 billion proposal to combine the automaker with solar-panel provider SolarCity. Automakers on board for new Detroit auto show mobility exhibit http://www.autonews.com/article/20160623/OEM06/160629909/automakers-on-board-for-new-detroit-auto-show-mobility-exhibit Thu, 23 Jun 2016 12:53:31 EST GM, Nissan and Toyota will have a presence at the Detroit auto show's new mobility-themed exhibit in 2017. The auto show is also adding an outdoor driving experience on a 1. Leoni wins order from PSA for wiring systems for Peugeot, DS models http://europe.autonews.com/article/20160623/ANE/160629918/leoni-wins-order-from-psa-for-wiring-systems-for-peugeot-ds-models Thu, 23 Jun 2016 05:14:13 EST German supplier Leoni said PSA awarded it a contract worth 500 million euros ($566.95 million) to equip a new DS model as well as the future Peugeot 208 and 2008 with its wiring systems. UAW set to strike Monday at Sakthi Automotive in Detroit http://www.autonews.com/article/20160622/OEM01/160629928/uaw-set-to-strike-monday-at-sakthi-automotive-in-detroit Wed, 22 Jun 2016 12:51:26 EST Union employees plan to strike at aluminum castings supplier Sakthi Automotive Group Inc. USA in Detroit for what they say are unfair labor practices. Faraday cleared to test self-driving cars on California roads http://www.autonews.com/article/20160621/OEM06/160629946/faraday-cleared-to-test-self-driving-cars-on-california-roads Tue, 21 Jun 2016 17:31:10 EST Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from the state. BMW seeks partners in race to build self-driving car's brain http://www.autonews.com/article/20160621/OEM06/160629972/bmw-seeks-partners-in-race-to-build-self-driving-cars-brain Tue, 21 Jun 2016 06:32:27 EST BMW is accelerating plans to acquire technology expertise in a race with the likes of Apple and Google to make cars smart enough to react like human drivers. Benteler launches China plant to supply BMW http://europe.autonews.com/article/20160621/ANE/160629973/benteler-launches-china-plant-to-supply-bmw Tue, 21 Jun 2016 06:30:52 EST German supplier Benteler Automotive opened a factory in the northeast China city of Shenyang to supply suspension parts to BMW Group's Chinese joint venture. BMW seeks partners in race to build self-driving car's brain http://europe.autonews.com/article/20160621/ANE/160629974/bmw-seeks-partners-in-race-to-build-self-driving-cars-brain Tue, 21 Jun 2016 06:11:07 EST BMW is accelerating plans to acquire technology expertise in the form of startups, partnerships with tech companies and talent as it races companies such as Apple and Google to build electronic brains for next-generation autonomous vehicles. More and more, CEO pay is linked to stock http://www.autonews.com/article/20160620/OEM02/306209984/more-and-more-ceo-pay-is-linked-to-stock Mon, 20 Jun 2016 00:01:00 EST Outgoing Cooper Tire and Rubber Co. CEO Roy Armes topped the list of the 42 highest paid CEOs at publicly traded U.S.-based automotive companies in 2015. Speedometer case prompts U.S. Supreme Court to reject challenge to patent reviews http://www.autonews.com/article/20160620/OEM06/160629986/speedometer-case-prompts-u-s-supreme-court-to-reject-challenge-to Mon, 20 Jun 2016 11:07:30 EST The U.S. Supreme Court on Monday ruled against Cuozzo Speed Technologies Corp. in its challenge to a federal agency's procedures for canceling patents in a case involving a vehicle speedometer that tells drivers when they are speeding. Icahn raises offer for remaining stake in Federal-Mogul http://www.autonews.com/article/20160620/OEM10/160629991/icahn-raises-offer-for-remaining-stake-in-federal-mogul Mon, 20 Jun 2016 09:40:55 EST Activist investor Carl Icahn raised his bid to acquire the remaining stake in auto parts supplier Federal-Mogul. AutoNews Now: Cadillac dealer plan under scrutiny http://www.autonews.com/article/20160620/VIDEO/306209892/autonews-now-cadillac-dealer-plan-under-scrutiny Mon, 20 Jun 2016 00:01:00 EST Dealers put Cadillac incentive plan under microscope; High court rejects service adviser OT; FCA probes 'Star Trek' actor's death; Suppliers top pay list; Toyota's agony, Porsche's triumph. Bosch still finds N. America fertile http://www.autonews.com/article/20160620/OEM10/306209989/bosch-still-finds-n-america-fertile Mon, 20 Jun 2016 00:01:00 EST Already the industry's largest global supplier, Robert Bosch sees big growth ahead in North America through 2020. Japan's NSK sets sights on Detroit 3 http://www.autonews.com/article/20160620/OEM10/306209977/japans-nsk-sets-sights-on-detroit-3 Mon, 20 Jun 2016 00:01:00 EST NSK Ltd., a Japanese supplier of electric power steering systems and old-school components such as ball bearings, sees growth potential in the era of electrified cars, thanks to increasing demand for high-spec bearings in motors and actuators. GM making 'leaps and bounds' in supplier ties http://www.autonews.com/article/20160620/OEM02/306209980/gm-making-leaps-and-bounds-in-supplier-ties Mon, 20 Jun 2016 00:01:00 EST Bill Kopicki, director of brakes, tires and wheels within General Motors' Global Purchasing and Supply Chain unit, helps oversee an annual spend of $6 billion. JCI: Future of battery market isn't EVs http://www.autonews.com/article/20160620/OEM10/306209982/jci-future-of-battery-market-isnt-evs Mon, 20 Jun 2016 00:01:00 EST Johnson Controls will spend $780 million to expand capacity for advanced absorbent glass mat batteries around the world. Digital world requires collaboration http://www.autonews.com/article/20160620/OEM02/306209987/digital-world-requires-collaboration Mon, 20 Jun 2016 00:01:00 EST Automakers will have to collaborate more and adapt to change faster as pressure from companies such as Tesla, Apple and Google increases the need to offer connected, electrified, autonomous cars, executives said. Supplier M&A is glowing hot again http://www.autonews.com/article/20160620/OEM10/306209951/supplier-ma-is-glowing-hot-again Mon, 20 Jun 2016 00:01:00 EST Supplier MandA surged last year as conglomerates sorted out what's profitable and what's not. In the center of it? Interiors. How GM contained quake's ripple effect http://www.autonews.com/article/20160620/OEM01/306209955/how-gm-contained-quakes-ripple-effect Mon, 20 Jun 2016 00:01:00 EST An April earthquake in Japan forced the closure of four GM plants in North America - but the fallout could have been far worse if not for changes in GM's supply chain management to keep parts flowing to key plants. Personnel http://www.autonews.com/article/20160620/OEM02/306209976/personnel Mon, 20 Jun 2016 00:01:00 EST Peter Fong, 52, to senior vice president of dealership operations. Fong, who has held executive positions in sales and marketing at Ford Motor Co. Pickups with a French accent http://www.autonews.com/article/20160618/OEM10/160619885/pickups-with-a-french-accent Sat, 18 Jun 2016 00:01:00 EST This month, Faurecia added to its growing list of pickup seat jobs when it launched a factory in Simpsonville, Ky., to make seats for the Ford Super Duty pickup. Mexican supplier Tremec to establish U.S. plant, headquarters in suburban Detroit http://www.autonews.com/article/20160617/OEM10/160619894/mexican-supplier-tremec-to-establish-u-s-plant-headquarters-in Fri, 17 Jun 2016 07:26:36 EST A Mexico City-based transmission supplier Tremec plans to invest $54 million to establish a manufacturing plant and U.S. headquarters in suburban Detroit, a move that will create 133 jobs, the Michigan Economic Development Corp. said Thursday. Durr opens consolidated technical center in suburban Detroit http://www.autonews.com/article/20160617/OEM10/160619886/durr-opens-consolidated-technical-center-in-suburban-detroit Fri, 17 Jun 2016 15:06:28 EST Durr AG, the No. 1 global builder of automotive paint shops, has consolidated three Detroit-area facilities into a $40 million technical center in Southfield, Mich. Tower's board OKs $100 million stock buyback program http://www.autonews.com/article/20160617/OEM10/160619884/towers-board-oks-100-million-stock-buyback-program Fri, 17 Jun 2016 15:15:43 EST Tower International, which makes a variety of metal components for cars and trucks, said its board authorized a share repurchase program of up to $100 million of the company's common stock. AutoNews Now: For Europe's small cars, it's war http://www.autonews.com/article/20160617/VIDEO/306179963/autonews-now-for-europes-small-cars-its-war Fri, 17 Jun 2016 00:01:00 EST Ford's other small-car battlefront; Why Smart's not planning SUV; Cruze hatchback price: $22,190; Canadian supplier chats with Google, Apple; Hyundai safety tech, in song. Canadian supplier Linamar says it has talked with Apple, Google http://www.autonews.com/article/20160617/OEM10/160619893/canadian-supplier-linamar-says-it-has-talked-with-apple-google Fri, 17 Jun 2016 07:48:06 EST Canadian supplier Linamar has talked with Apple and Google about potentially supplying the technology giants if they begin making cars. Schaeffler sees e-clutch as key to making manual gearboxes more frugal http://europe.autonews.com/article/20160617/ANE/160609828/schaeffler-sees-e-clutch-as-key-to-making-manual-gearboxes-more Fri, 17 Jun 2016 00:01:00 EST Schaeffler is counting on the electrification of the clutch to boost the fuel economy and driving comfort of manual transmissions without a significant increase in the cost of the world's most popular gearbox. Brembo boss says brake maker's strong growth will continue http://europe.autonews.com/article/20160616/ANE/160609895/brembo-boss-says-brake-makers-strong-growth-will-continue Thu, 16 Jun 2016 00:01:00 EST Italian brake manufacturer Brembo's profits are growing at a faster rate than its sales. It finished 2015 with earnings before interest and taxes up 41 percent to 251 million euros on a sales growth of 15 percent to 2.1 billion euros. U.S. indicts two Japanese auto suppliers for bid-rigging http://www.autonews.com/article/20160615/OEM10/160619923/u-s-indicts-two-japanese-auto-suppliers-for-bid-rigging Wed, 15 Jun 2016 18:04:56 EST Two Japanese auto suppliers, Tokai Kogyo Co. and Maruyasu Industries Co., were indicted on Wednesday on price-fixing charges along with five executives, the U.S. Justice Department said. First Shift: VW overhaul in the works? http://www.autonews.com/article/20160615/VIDEO/306159952/first-shift-vw-overhaul-in-the-works Wed, 15 Jun 2016 00:01:00 EST VW mulls shedding assets, bundling units, report says; More Mitsu trouble?; JLR opens Brazil plant; Orlando: Dealers reach out, pitch in; Tesla to open gallery in LA Nordstrom store. VW said to weigh asset sales in end to era of empire building http://www.autonews.com/article/20160614/OEM/160619943/vw-said-to-weigh-asset-sales-in-end-to-era-of-empire-building Tue, 14 Jun 2016 16:32:17 EST Volkswagen is shifting away from its era of empire building with plans to bundle its fragmented components businesses and review its portfolio for possible asset sales. Supplier SRG plans to move HQ within Detroit suburbs http://www.autonews.com/article/20160614/OEM01/160619945/supplier-srg-plans-to-move-hq-within-detroit-suburbs Tue, 14 Jun 2016 15:00:23 EST Exterior trim supplier SRG Global Inc. is moving its world headquarters in suburban Detroit to Troy from Warren. The first Checker cab rolls off Michigan assembly line http://www.autonews.com/article/20160614/CCHISTORY/160619968/the-first-checker-cab-rolls-off-michigan-assembly-line Tue, 14 Jun 2016 12:00:00 EST Checker Cab Manufacturing Co.'s first cab rolls off the line in Kalamazoo, Mich., on June 18, 1923. The company was founded by Morris Markin, a Russian immigrant, in 1922 as Checker Cab Manufacturing Co. Inside one of the last of Ford's flatheads http://www.autonews.com/article/20160614/BLOG06/306159999/inside-one-of-the-last-of-fords-flatheads Tue, 14 Jun 2016 11:45:00 EST Through this time-lapse video, you can see the intricate, and often unseen, design of the Ford flathead. Takata selling shares in automakers to raise cash http://www.autonews.com/article/20160614/OEM10/160619960/takata-selling-shares-in-automakers-to-raise-cash Tue, 14 Jun 2016 06:55:58 EST Takata, the embattled airbag maker behind the biggest automotive safety recall, said it's selling shares it owns in automakers to raise funds as the company faces compensation claims for its defective devices. First Shift: Nissan's ethanol fuel cell http://www.autonews.com/article/20160614/VIDEO/306149947/first-shift-nissans-ethanol-fuel-cell Tue, 14 Jun 2016 00:01:00 EST Nissan develops ethanol-powered fuel cell; Takata sheds auto stocks; BMW remarketing site open to other dealers; GMC acts to prevent hot-car deaths; Steering wheel's last go-round? Continental plans new brake plant, r&d center in China http://europe.autonews.com/article/20160614/ANE/160619964/continental-plans-new-brake-plant-rd-center-in-china Tue, 14 Jun 2016 05:19:37 EST Continental will build a $91 million brake plant and technical center in Chongqing to establish a presence in western China, a report said. Takata says it is selling automakers' shares to raise cash http://europe.autonews.com/article/20160614/ANE/160619966/takata-says-it-is-selling-automakers-shares-to-raise-cash Tue, 14 Jun 2016 04:41:14 EST Takata, the embattled airbag maker behind the industry's biggest ever automotive safety recall, said it's selling shares it owns in automakers to raise funds as it faces compensation claims for its defective devices. AutoNews Now: All quiet on Ford's mobility front http://www.autonews.com/article/20160613/VIDEO/306139909/autonews-now-all-quiet-on-fords-mobility-front Mon, 13 Jun 2016 00:01:00 EST All quiet on Ford's mobility front; JCI stop-start investment; Fleet-only Impala ends; Investors drawn to Takata?; VW changes media agencies; Honda's answer to Chevy's F-150 stunt. Johnson Controls to double N.A. production of stop-start batteries http://www.autonews.com/article/20160613/OEM10/160619979/johnson-controls-to-double-n-a-production-of-stop-start-batteries Mon, 13 Jun 2016 07:00:00 EST Johnson Controls said it plans to invest $245 million through 2020 to double North American production of absorbent glass mat (AGM) batteries for vehicles with stop-start systems. Bold bet on a 727-hp Mustang http://www.autonews.com/article/20160611/RETAIL03/306139995/bold-bet-on-a-727-hp-mustang Sat, 11 Jun 2016 00:01:00 EST Lebanon Ford's improbable promotion for a 727-hp Mustang GT went viral, catapulting the Ohio dealership into the national spotlight. Now it's selling more of the supercharged pony cars than it has time to count. AutoNews Now: Ford's answer to German luxury http://www.autonews.com/article/20160610/VIDEO/306109984/autonews-now-fords-answer-to-german-luxury Fri, 10 Jun 2016 00:01:00 EST Ford Fusion Sport to battle German luxury cars; Benz tops BMW; Ghosn pay fallout; GM hires in Canada, union chief talks strikes; Toyota airbag disclosure; When Mr. Ford met Mr. Hockey. First Shift: 'Troublesome' report on Tesla http://www.autonews.com/article/20160610/VIDEO/306109983/first-shift-troublesome-report-on-tesla Fri, 10 Jun 2016 00:01:00 EST Tesla on defense after 'troublesome' report; GM to make more midsize pickups, off-load van work to Navistar; Mulally, Nader in Hall of Fame; Zetsche's Uber 'frenemy'; LAPD picks BMW i3. Collaboration key for automakers to survive in digital world, panel says http://europe.autonews.com/article/20160609/ANE/160609841/collaboration-key-for-automakers-to-survive-in-digital-world-panel Thu, 9 Jun 2016 00:01:00 EST Automakers will have to collaborate more as pressure from companies such as Tesla, Apple and Google intensifies the need to offer connected, electrified, autonomous cars. GM deal with Navistar paves the way for more midsize pickups http://www.autonews.com/article/20160609/OEM01/160609814/gm-deal-with-navistar-paves-the-way-for-more-midsize-pickups Thu, 9 Jun 2016 16:49:35 EST General Motors has contracted with Navistar International to build some of its commercial vans, a move aimed at enabling GM to produce more hot-selling Chevrolet Colorado and GMC Canyon midsize pickups. Lazard in control as momentum builds for Takata solution, report says http://www.autonews.com/article/20160609/OEM11/160609820/lazard-in-control-as-momentum-builds-for-takata-solution-report-says Thu, 9 Jun 2016 12:15:40 EST Lazard is driving financial restructuring talks for Takata, with the Japanese airbag maker's founding family now firmly in the back seat, a person briefed on the process told Reuters. AutoNews Now: Making road a smarter place http://www.autonews.com/article/20160609/VIDEO/306099958/autonews-now-making-road-a-smarter-place Thu, 9 Jun 2016 00:01:00 EST Making road a smarter place: BMW CEO on AI, Google exec looks to flying cars, Bosch's vision of safe travel; Boler-Davis head of GM global manufacturing; UAW and Tesla?; Kia plant deal. AIAG collaborates with Wayne State to create new supply chain curriculum http://www.autonews.com/article/20160609/OEM10/160609818/aiag-collaborates-with-wayne-state-to-create-new-supply-chain Thu, 9 Jun 2016 15:21:52 EST Wayne State University said it plans to collaborate with the Automotive Industry Action Group to develop degree and certificate programs for the automotive supply chain. First Shift: Dangerous secret in new cars? http://www.autonews.com/article/20160609/VIDEO/306099957/first-shift-dangerous-secret-in-new-cars Thu, 9 Jun 2016 00:01:00 EST Tell buyers airbags may be recalled, senators say; FCA exec: Tech partners needed; Rosekind's nimble notion; Dealers to fix Lexus glitch; New GM quality czar; Jeep summer pitch.