Suppliers

Faurecia sales rise on European auto recovery, U.S. rebound

Oct. 16, 2014 17:55 CET
Faurecia said third-quarter revenue rose 6.5 percent on a rebound in U.S. sales and a tentative recovery in Europe's vehicle market....
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Ex-Fiat exec Soave named to marketing post at Federal-Mogul Motorparts

2:22 pm U.S. ET | Oct. 16, 2014
Laura Soave, the ex-Fiat brand chief in the United States who left after the flawed launch of the Fiat 500, has been named chief marketing and communication officer of Federal-Mogul Motorparts....
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Former Showa exec indicted in U.S. price-fixing probe

12:07 pm U.S. ET | Oct. 16, 2014
A former executive of Japanese auto parts supplier Showa has been indicted by a federal grand jury in Cincinnati on a charge of conspiring to fix the prices of parts sold to American Honda and others....
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Hyundai Motor to use cash to fund $10 billion land deal

7:17 am U.S. ET | Oct. 16, 2014
Hyundai Motor and its two affiliates will use cash to fund their 10.6 trillion won ($10 billion) purchase for a land site in Seoul, raising concern the companies will reduce shareholder payouts....
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Honda starts audit of injury, death reports to U.S. regulator

4:15 pm U.S. ET | Oct. 15, 2014
Honda asked a third party to determine whether the automaker underreported fatality and injury claims to federal regulators in the United States who are investigating airbag failures with potentially deadly defects....
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Hitachi Automotive readies new autonomous driving technology

10:57 am U.S. ET | Oct. 15, 2014
Hitachi Automotive Systems is readying a suite of new autonomous driving technologies, including a no-hands self-parking function it plans to market in 2016. The systems, unveiled last week at the supplier’s proving ground in northern Japan, entail precrash braking, advanced adaptive cruise control and vehicle stability control for electric vehicles....
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Schaeffler loan restructuring opposed by bondholder

Oct. 15, 2014 11:57 CET
Schaeffler's proposed changes to terms governing $7.9 billion of high-yield bonds, including a new 1.8 billion euro ($2.3 billion) loan, are being opposed by Schroders Plc., which manages some of the supplier's debt....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Roof suppliers hit hard by lower demand for convertibles

Oct. 15, 2014 06:01 CET
Once valued as a highly profitable vehicle niche, buyers have turned away from convertibles, hurting the business of roof systems suppliers such as Webasto, Magna CTS and Valmet....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Webasto sees consolidation looming for roof makers

Oct. 15, 2014 06:01 CET
Holger Engelmann, the CEO of German roof specialist Webasto, believes a drop in demand for convertible cars will lead to consolidation in the sector, but he sees potential growth opportunities in China....
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ZF forms chassis JV with Beijing Auto

Oct. 14, 2014 10:16 CET
German supplier ZF Friedrichshafen established a joint venture with China's Beijing Automotive Industry Corp. to build passenger-vehicle chassis parts for BAIC and its other joint ventures with Daimler and Hyundai....
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Mileage march on schedule, EPA says

12:01 am U.S. ET | Oct. 13, 2014
Don't read too much into the slowdown in fuel economy gains, regulators say. The pace should quicken again with the spread of more potent gas-saving technologies....
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Ford asks top suppliers for disaster plans

12:01 am U.S. ET | Oct. 13, 2014
Ford Motor Co. is asking Tier 1 suppliers to make backup production plans for key plants that could disrupt Ford's vehicle assembly if they shut down....
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End of the affair: CEO stays, consultant goes

12:01 am U.S. ET | Oct. 13, 2014
After Alex Molinaroli, CEO of Johnson Controls, had an affair with a consultant, the parts supplier fired her consulting firm -- and expressed support for Molinaroli, Bloomberg reported last week....
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THE SUPPLIER SPEAKS: TOM GEBHARDT

Panasonic takes simple path to 'smart' voice

12:01 am U.S. ET | Oct. 13, 2014
How can automakers help motorists who struggle with voice recognition, the technology that generates more customer dissatisfaction than any other in-vehicle gadgetry? Panasonic Automotive Systems President Tom Gebhardt believes he has a solution....
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THE SUPPLIER SPEAKS: PRABHAKAR PATIL

Battery maker shrugs off Tesla competition

12:01 am U.S. ET | Oct. 13, 2014
After years of disappointment, the EV market is ready to grow, predicts Prabhakar Patil, CEO of LG Chem Power Inc. Parent company LG Chem expects to grab 25 percent of global electric-vehicle battery sales by 2017 as battery prices fall and EV range rises....
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36 supplier innovations named PACE Award finalists

2:00 pm U.S. ET | Oct. 11, 2014
Thirty-six innovations in a diverse range from adhesives to vision systems are finalists for the 2015 Automotive News PACE Awards. The awards honor supplier innovation in product, manufacturing process and information technology....
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Five technologies auto suppliers can bank on, analyst says

3:58 pm U.S. ET | Oct. 10, 2014
The next six years will be boom times for suppliers with the right technology. LED front lights, telematics, cameras, radar and lithium ion batteries are five technologies that will enjoy the biggest growth in global sales through 2020, predicted Itay Michaeli, Citigroup Inc.'s automotive research director....
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Toyota supplier celebrates Nobel Prize winners

7:34 am U.S. ET | Oct. 10, 2014
A Toyota-affiliated supplier is applauding two of its researchers as winners of this year's Nobel Prize in Physics....
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Federal-Mogul opens $15 million piston ring plant in Mexico

3:34 pm U.S. ET | Oct. 9, 2014
Federal-Mogul Holdings Corp. today opened a new piston ring manufacturing plant in Puebla, Mexico....
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Toyota remains most valuable automotive brand

2:02 pm U.S. ET | Oct. 9, 2014
Toyota was named the best automotive brand worldwide for the 11th straight year, followed closely by Mercedes-Benz and BMW, in Interbrand's ranking of the 100 most valuable brands....
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BMW-backed researchers close in on cheaper carbon fiber

11:04 am U.S. ET | Oct. 9, 2014
Large-scale manufacturing of cars made with lightweight carbon fiber is moving closer to reality as costs start to fall, according to a materials-development group that has BMW as a partner....
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Johnson Controls fires consultant after affair with CEO

11:48 am U.S. ET | Oct. 8, 2014
Johnson Controls fired a consulting firm after learning that one of its principals had an extramarital affair with CEO Alex Molinaroli. Molinaroli told his family about his affair with psychologist Kristin Ihle in late May, according to the transcript of a court hearing at which Ihle unsuccessfully sought a restraining order against the CEO's estranged wife....
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Toyota supplier Denso considers Japan expansion as yen weakens

1:51 pm U.S. ET | Oct. 7, 2014
Denso is giving Japanese Prime Minister Shinzo Abe a reason to believe his weak yen policy will eventually boost investment by manufacturers. The supplier, an affiliate of Toyota and the automaker's biggest supplier, said it’s considering expanding production in Japan....
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Shiloh acquires stamping firm Radar Industries for $58 million

7:01 am U.S. ET | Oct. 7, 2014
Ohio's Shiloh Industries has acquired metal stamping supplier Radar Industries for nearly $58 million....
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Dealers to get Titan diesel training

12:01 am U.S. ET | Oct. 6, 2014
Nissan executives have promised that next year's redesigned Titan pickup, with an optional 5.0-liter V-8 diesel, will be a bold new product for the brand....
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