Suppliers

Delphi Q4 net income slides 44% in 'challenging global marketplace'

11:59 am U.S. ET | Feb. 4, 2016

Automotive electronics and technology supplier Delphi Automotive's fourth-quarter net income fell 44 percent from the year-earlier period to $192 million despite revenue and other measures that topped expectations....
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Continental recalls defective airbag control units used in 5 million vehicles

8:03 am U.S. ET | Feb. 4, 2016

Continental Automotive Systems said it supplied potentially defective airbag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other automakers built over a five-year period worldwide, widening an airbag safety crisis....
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Honda warns dealerships of liability as it widens airbag recall

12:15 pm U.S. ET | Feb. 3, 2016

American Honda has expanded its Takata airbag recalls by more than 2 million vehicles and warned dealers that they could face legal exposure for unrepaired vehicles if they violate a related stop-sale order for the affected cars....
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Denso lowers full-year profit forecast, expects yen to strengthen

11:22 am U.S. ET | Feb. 3, 2016

Toyota-affiliated supplier Denso today lowered its full-year net profit forecast by almost 5 percent, saying it expects the yen to strengthen slightly against the U.S. dollar....
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Takata plans to present restructuring plan to carmakers in May, report says

10:58 am U.S. ET | Feb. 3, 2016

Takata is preparing to present a restructuring plan to automakers in early May that will include an agreement on the sharing of recall costs, people familiar with the matter told Bloomberg....
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Key Safety Systems to be acquired by Chinese conglomerate in $920 million deal

12:22 pm U.S. ET | Feb. 2, 2016

Airbag and seat belt supplier Key Safety Systems Inc. has agreed to be acquired by Chinese auto conglomerate Ningbo Joyson Electronic Corp. in a $920 million deal....
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Toyota recalls 320,000 vehicles for side airbag issue

5:30 pm U.S. ET | Feb. 2, 2016

Toyota today said it is recalling about 320,000 vehicles from the 2003-06 model years for an airbag-related defect. The recall affects the 2003-06 Toyota Land Cruiser, 2004-06 4Runner, 2005-06 Tundra, 2005-06 Sequoia, 2003-06 Lexus LX 470 and 2004-06 Lexus GX 470....
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Dow CEO Liveris agrees to exit after DuPont merger

3:49 pm U.S. ET | Feb. 2, 2016

Dow Chemical CEO Andrew Liveris will leave the company after the completion of its merger with DuPont Co., marking a victory for activist investor Dan Loeb, who had called for his removal....
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BorgWarner shrugs off its Wall Street beating

11:50 am U.S. ET | Feb. 1, 2016

BorgWarner is being punished by Wall Street. So far, though, CEO James Verrier isn't worried. The powertrain supplier has witnessed its share price plummet nearly 47 percent over 12 months....
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What is Carl Icahn's plan for Federal-Mogul?

9:19 am U.S. ET | Feb. 1, 2016

When Federal-Mogul this month scrapped its plan to split in two, it raised eyebrows because it came right after its largest shareholder agreed to acquire the auto parts chain Pep Boys-Manny Moe & Jack....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for February

Feb. 1, 2016 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This month's edition looks at how Ford and Opel plan to turn their businesses in Europe into consistent money makers after years of struggle....
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JCI's spinoff must refocus to remain on top

12:01 am U.S. ET | Feb. 1, 2016

Just two years ago, Johnson Controls Inc. was a major automotive supplier, but it has been transformed by a series of deals that have split up its operations, leaving its interior parts business in a joint venture with a Chinese partner and making its seating unit an independent company. Its automotive battery division and building controls business will remain with a new Ireland-based company to be created in a proposed merger with Tyco International....
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Amid profit fall, Honda bets on new products

12:01 am U.S. ET | Feb. 1, 2016

Takata airbag recalls and exchange losses undercut profits at Honda in the latest quarter, but the company sees a brighter 2016 thanks to an influx of new product for North America, the Japanese carmaker's biggest market....
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Au revoir: Paris just doesn't do it for Ford this year

12:01 am U.S. ET | Feb. 1, 2016

Ford will skip this autumn's Paris auto show, claiming the timing doesn't fit with its launch schedule....
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Zetsche: Apple, Google 'can do more' than we thought

12:01 am U.S. ET | Feb. 1, 2016

Daimler CEO Dieter Zetsche and other a handful of his senior execs met recently with around 70 companies in Silicon Valley, according to the German weekly Welt am Sonntag. Asked about Google and Apple's automotive pursuits, Zetsche told the newspaper: “Our impression was that these companies can do more and know more than we had previously assumed.”...
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Lear's goal: Seats with style, smarts

12:01 am U.S. ET | Feb. 1, 2016

Automotive parts supplier Lear Corp. is developing a seat of the future to appeal to automakers as they look increasingly to interiors to set their vehicles apart. The new design is the product of an engineering unit Lear has set up in Southfield, Mich....
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Got gadgets?

12:01 am U.S. ET | Feb. 1, 2016

Some of the most revolutionary innovations originate not with carmakers but with the suppliers who provide the building blocks and concepts that reshape the industry. Here is a sampling of some of the most cutting-edge technologies....
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RICHARD JOHNSON

Woo suppliers with longer deals

12:01 am U.S. ET | Feb. 1, 2016

As auto sales and production have climbed steadily over the past six years, so has capacity utilization among parts makers. And now OEMs -- each certain their own market share is about to take off -- are leaning on their suppliers to add production capability....
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Toyota to suspend Japan output for 6 days as steel parts run low

8:54 pm U.S. ET | Jan. 31, 2016

Toyota will suspend production at all assembly lines in Japan for six days this month due to a parts shortage, hitting exports of such cars as Lexus luxury vehicles. The shutdown comes after a Jan. 8 explosion at a steel factory in Japan....
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Autoliv predicts 5% growth in 2016, but market wanted more amid Takata recalls

10:30 am U.S. ET | Jan. 29, 2016

Swedish car safety products supplier Autoliv predicted sales growth of 5 percent this year, but analysts expected more because of potential new business Autoliv could win amid the Takata airbag crisis....
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Toyota, crimped by steel shortage, may suspend Japan output

10:18 pm U.S. ET | Jan. 29, 2016

Toyota said it may halt production at its plants in Japan early next month due to a steel shortage, following an explosion at a steel plant operated by one of its affiliates....
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Takata says CEO has no plans 'as of now' to step down

Jan. 29, 2016 11:22 CET

Takata said its CEO Shigehisa Takada had no intention to resign "as of now" as the airbag maker struggles with a long-running safety recall crisis....
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ANE's February e-magazine goes live Monday

Jan. 29, 2016 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Feb. 1. This month's edition looks at how Ford and Opel plan to turn their businesses in Europe into consistent money makers after years of struggle....
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Gentex Q4 profit, sales rise as mirror shipments increase

12:27 pm U.S. ET | Jan. 28, 2016

Gentex today reported a 25 percent year-over-year rise in fourth-quarter profit. The supplier posted net income of $88.4 million in the fourth quarter of 2015, up from the $71 million during the same period in 2014....
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Harman posts strong quarterly gains from auto business

11:13 am U.S. ET | Jan. 28, 2016

Harman International Industries, which supplies audio and telematics systems to the auto industry, reported a better-than-expected quarterly profit, helped by strong demand from automakers....
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