Companies

ZF's pursuit of TRW may spark wave of mergers in supply chain

12:01 am U.S. ET | July 25, 2014
The biggest auto-parts deal since 2007 may be just the start of consolidation, with Autoliv and Visteon among the next potential targets, analysts say. More auto parts companies may combine as overcapacity constrains their ability to add scale on their own....
Read More »

 

Gentex Q2 net income grows 47 percent

3:19 pm U.S. ET | July 24, 2014
Automotive mirror supplier Gentex reported $76.7 million in net income with total revenue of $338.4 million for the second quarter....
Read More »

 

Cooper-Standard begins operations at Asia Pacific tech center

2:44 pm U.S. ET | July 24, 2014
Auto supplier Cooper-Standard Automotive Inc. began operations at its Asia Pacific Technical Center today in Shanghai....
Read More »

 

Federal-Mogul posts $5 million net loss in Q2 as revenue rises

3:34 pm U.S. ET | July 23, 2014
Auto supplier Federal-Mogul today reported a $5 million net loss after factoring in one-time charges, along with a $128 million revenue gain for the second quarter. The company, controlled by longtime Wall Street investor Carl Icahn, had one-time restructuring and impairment charges of $32 million and posted a $3 million loss from continuing operations....
Read More »

 

Brakes supplier Brembo to build new U.S. plant

July 23, 2014 12:05 CET
Italian brakes manufacturer Brembo will build a new foundry in Michigan to expand its manufacturing capability in the United States, betting on the continued strength of the country's automotive sector....
Read More »

 

Brembo to invest nearly $100M in new Michigan foundry, expand capacity

6:54 am U.S. ET | July 23, 2014
Italian brakes maker Brembo will build a new foundry in Michigan to expand its manufacturing capability in the United States, betting on continued strength of the country's automotive sector....
Read More »

 

GM to invest $800 million to renovate operations, add 1,750 jobs in Michigan

6:07 pm U.S. ET | July 22, 2014
GM plans to invest $800 million in Michigan as part of plans to renovate facilities throughout the state to support future vehicle platforms and programs. The company will also add 1,750 jobs in the state after consolidating various engineering functions outside Michigan to a site in Michigan, the state said Tuesday in enhancing economic development incentives for the automaker....
Read More »

 

Lockheed exec Washington succeeds Mascarenas as Ford's chief technical officer

1:10 pm U.S. ET | July 22, 2014
Ford has hired Lockheed executive Ken Washington as chief technical officer and vice president of research and advanced engineering, effective August 18, in a series of changes to the company's leadership team. He succeeds Paul Mascarenas, 53, who will retire after 32 years at Ford, effective October 1....
Read More »

 

Russia's Severstal sells U.S. steel plants to AK Steel, Steel Dynamics

8:48 am U.S. ET | July 21, 2014
Russia's Severstal said it agreed to sell its two steel plants in the United States for $2.3 billion, withdrawing from the market at a time of rising tension between Russia and the West and turning its focus to its domestic business....
Read More »

 

THE SUPPLIER SPEAKS

American Axle's push to diversify drives growth

12:01 am U.S. ET | July 21, 2014
CEO David Dauch continues his father's quest to diversify American Axle & Manufacturing Inc....
Read More »

 

Volvo, ABB to develop fast-charging buses

7:22 am U.S. ET | July 21, 2014
Swiss engineering group ABB and Volvo said they were setting up a global partnership to co-develop and commercialize electric and hybrid buses with fast-charging systems....
Read More »

 

EDITORIAL

Auto supplier consolidation: Caution advised

12:01 am U.S. ET | July 21, 2014
ZF Friedrichshafen's bid to acquire safety specialist TRW Automotive raises questions about where automotive suppliers are headed....
Read More »

 

LETTER TO THE EDITOR

1 great leader can turn GM around

12:01 am U.S. ET | July 21, 2014
Great leaders of other large, struggling companies have demonstrated conclusively that GM is just one great leader away from regaining and surpassing its former greatness....
Read More »

 

BMW open to sharing battery technology

12:01 am U.S. ET | July 21, 2014
BMW is open to sharing with rival automakers the electric-vehicle battery cell technology it co-developed with Samsung SDI....
Read More »

 

DAVID SEDGWICK

Pressure builds on suppliers to team up

12:01 am U.S. ET | July 21, 2014
If the ZF-TRW alliance is going to create a product portfolio for collision avoidance and driverless vehicles, the r&d budget will make or break it....
Read More »

 

THE SUPPLIER SPEAKS

Valeo boosts its N.A. r&d with hundreds of engineers

12:01 am U.S. ET | July 21, 2014
French supplier Valeo SA is hiring hundreds of engineers in North America and is opening an office in Silicon Valley....
Read More »

 

Renault puts more focus on India, Iran

July 20, 2014 06:01 CET
Renault is splitting its Asia Pacific region in two to help boost sales growth in India and the Middle East. Renault expects China and India will become the world's two leading economies within the next 20 years....
Read More »

 

ZF needs TRW's tech know-how, CFO says

8:54 am U.S. ET | July 19, 2014
ZF Friedrichshafen believes buying TRW Automotive would give it a better foothold in the market for self-driving and connected cars, its finance chief told a German paper....
Read More »

 

Tire makers roll into South Carolina

12:01 am U.S. ET | July 19, 2014
South Carolina became the nation's leading tire producer in the fourth quarter last year with estimated daily output of 89,000 tires, edging Oklahoma's 88,000 units....
Read More »

 

Mitsubishi to recall some 2004-05 Lancer sedans in U.S. with defective Takata airbags

9:58 am U.S. ET | July 18, 2014
Mitsubishi Motors is recalling cars made with Takata Corp. airbags in Florida, Hawaii, Puerto Rico and the U.S. Virgin Islands. Mitsubishi is one of nine automakers to say it will conduct a recall that includes those areas....
Read More »

 

Takata to book $440 million special loss for wave of recalls

7:25 am U.S. ET | July 18, 2014
Takata will book a special loss of around $440 million in the April-June quarter after several automakers recalled vehicles due to potential problems with the supplier's airbags. The cost of the recalls could increase if a safety probe in the United States finds evidence that driving in high humidity increases the risk of the airbags exploding, or if automakers decide to expand the recalls beyond certain U.S. regions....
Read More »

 

Continental Structural Plastics to buy 5 plants from Magna

10:28 am U.S. ET | July 18, 2014
Continental Structural Plastics signed a definitive agreement to acquire five North American plants from Magna International....
Read More »

 

JCI profits fall on restructuring charges

8:46 am U.S. ET | July 18, 2014
Johnson Controls' fiscal third-quarter earnings slid 68 percent as restructuring and other charges offset a modest rise in revenue....
Read More »

 

ZF can hike offer for TRW as high as $13 billion, report says

10:49 am U.S. ET | July 17, 2014
ZF Friedrichshafen, moving to acquire TRW Automotive, has been told by lenders that financing is available for a higher all-cash bid which could value the U.S. company at as much as $13 billion, people with knowledge of the matter said, Bloomberg reported....
Read More »

 

Penske Automotive hikes cash dividend again

11:54 am U.S. ET | July 16, 2014
Penske Automotive Group raised its quarterly cash dividend to 20 cents per share from 19 cents....
Read More »

 

 
Most Read
Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
Rocket Fuel