Suppliers

NEWS ANALYSIS

TRW recall shows the mess life-saving airbags have become

6:51 am U.S. ET | Feb. 1, 2015
Federal regulators' push for a second recall of 2.1 million cars and trucks whose airbags could go off while driving delivered more cautionary tales about a complex life-saving technology that's had a very bad year....
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Toyota, Honda, Fiat Chrysler must do 'follow up' recalls of 2.12 million vehicles

10:55 am U.S. ET | Jan. 31, 2015
Honda, Toyota and Fiat Chrysler will do "follow up" recalls of about 2.12 million vehicles with defective electronic control units that can cause airbags to inadvertently deploy, federal safety regulators said today. The recall affects about 1 million vehicles from Toyota, 374,177 from Honda and 753,176 from Fiat Chrysler....
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Spyker wins appeal against bankruptcy

Jan. 31, 2015 11:59 CET
Dutch supercar maker Spyker won its appeal against being placed in bankruptcy. Spyker CEO Victor Muller now plans to push ahead with development of the B6 Venator entry-level luxury sports car, and to merge with a U.S.-based electric aircraft manufacturer....
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Honda crash death exposes weaknesses in recall system

2:24 pm U.S. ET | Jan. 30, 2015
The driver of a 2002 Honda Accord who died earlier this month in a crash involving a ruptured Takata airbag inflator hadn't been notified that his vehicle was recalled in June 2014 for the suspect inflators, a Honda spokesman said. The fatal crash in Texas marked the sixth death linked to inflators made by Takata and highlights some of the pitfalls of the current vehicle recall system....
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Honda cuts profit target as Takata airbag recalls bite

2:52 am U.S. ET | Jan. 30, 2015
Honda sliced 6.5 percent off its core annual profit forecast as it set aside hundreds of millions of dollars in extra cash to cover an extended car recall to replace potentially faulty airbags made by Takata. Honda also said third-quarter earnings fell 23 percent as it soaked up recall costs....
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Denso to expand Tenn. plant, add 400 jobs

11:24 am U.S. ET | Jan. 30, 2015
Denso, the world’s second-largest automotive supplier, is set to expand a plant and add about 400 employees in Athens, Tenn....
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Bosch says automotive sales rose 9% in 2014

Jan. 30, 2015 11:30 CET
Bosch said revenue at its automotive division rose 9 percent to 33.3 billion euros ($37.7 billion) last year, boosted by growth in sales of car safety, fuel-saving technology and infotainment systems. The supplier also said it is looking at acquisitions for its non-automotive businesses to reduce dependence on the car industry....
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European suppliers poised for boost from self-driving cars, lower emissions

Jan. 30, 2015 06:01 CET
European suppliers such as Faurecia and Valeo have a five- to 10-year window for above-average organic growth because of trends such as the race to produce vehicles that can drive themselves and to build cars that are more fuel efficient, according to a report....
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ANE's February e-magazine goes live Monday

Jan. 30, 2015 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Feb. 2. This month's edition looks at Europe's big 2014 sales winners and explains why 2015 is off to a positive start....
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THE TAKATA RECALL CRISIS

U.S. safety regulators seek Takata whistleblowers

2:10 pm U.S. ET | Jan. 29, 2015
Federal safety regulators want to find whistleblowers with knowledge “of possible defects or any wrongdoing” by Takata, stepping up pressure on the airbag maker whose products are linked to five deaths and dozens of injuries....
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Autoliv sees 2015 growth, better margins as Q4 beats forecast

7:25 am U.S. ET | Jan. 29, 2015
Auto safety products supplier Autoliv today said it saw slightly higher margins in 2015 as it posted fourth quarter earnings above market expectations, helped by strong sales in Europe and lower costs for raw materials....
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Daimler, Schaeffler hit by German strikes

Jan. 29, 2015 11:21 CET
Daimler and parts supplier Schaeffler were among the companies affected when thousands of engineering workers on the night shift across Germany walked out over a wage dispute early on Thursday. Further warning stoppages are expected today and in the coming weeks....
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Japanese supplier Sanden agrees to $3.2 million fine in U.S. price-fixing case

6:33 am U.S. ET | Jan. 28, 2015
Japanese supplier Sanden has agreed to pay a US fine of more than $3 million and becomes the latest company tied to a wide-ranging auto supplier price-fixing prosecution for its brief role in setting the prices of air conditioning compressors for Nissan....
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Gentex Q4 sales gains lag forecasts; stock drops

11:53 am U.S. ET | Jan. 28, 2015
Gentex, a mirror, camera and electronic component supplier, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier. Gentex shares fell 6 percent....
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Over-the-air auto software updates opens market to acquisitions

2:47 pm U.S. ET | Jan. 28, 2015
Over-the-air software updates -- a no-fuss, no-muss infotainment feature popularized by Tesla Motors -- is rapidly spreading to the entire auto industry, fueling high-price acquisitions in the segment....
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Auto industry drives comeback in aluminum prices

6:44 am U.S. ET | Jan. 28, 2015
At a time when other commodities are slumping, aluminum is making a comeback as automakers under pressure to build more fuel-efficient cars increase their use of the lightweight metal....
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Automakers' push for fuel-efficiency boosts aluminum

Jan. 28, 2015 11:02 CET
Automakers, under pressure to build more fuel-efficient cars, are driving demand for aluminum, even at a time when other commodities are slumping. Automakers including Jaguar and Ford are using the lightweight metal in a bid to shed weight and meet emissions goals....
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TI Automotive to be acquired by Bain for $2.4 billion, report says

8:36 am U.S. ET | Jan. 27, 2015
Global fuel systems supplier TI Automotive, after months of wrangling and speculation, said today it has agreed to be acquired by private equity firm Bain Capital LLC. The deal is valued at $2.4 billion, sources told Bloomberg....
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Suppliers dream up future innovations. Will automakers bite?

12:01 am U.S. ET | Jan. 26, 2015
Suppliers try to look over the horizon and craft new features and equipment for autos....
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EJECTING CD PLAYERS

Hyundai's new infotainment strategy: Leveraging smartphone apps

12:01 am U.S. ET | Jan. 26, 2015
Over the next few years, Hyundai plans to remove CD players from mainstream cars such as the Elantra and Sonata as it rolls out an infotainment system called Display Audio that's built around Apple's CarPlay and Google's Android Auto interfaces....
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Dana sells Venezuelan unit amid exchange rate trouble

4:05 pm U.S. ET | Jan. 26, 2015
As Venezuela’s automotive industry continues to falter amid exchange rate problems, powertrain supplier Dana Holding today said that it has sold its Venezuelan unit, CA Danaven....
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EDITORIAL

Be bold, spend big -- and don't go overboard

12:01 am U.S. ET | Jan. 26, 2015
Dealers, automakers and suppliers enter the new year on an investment kick....
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TIM LEULIETTE, CEO, VISTEON CORP.

Visteon zeros in on 1 segment: The connected car

12:01 am U.S. ET | Jan. 26, 2015
With Visteon Corp.'s announcement last month that it would sell its division that produces heating, ventilation and air conditioning systems, the supplier is concentrating on one product segment: cockpit information systems....
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PHIL MARTENS, CEO, NOVELIS

Game on with steel, says aluminum supplier Novelis

12:01 am U.S. ET | Jan. 26, 2015
Phil Martens, CEO of aluminum giant Novelis, knows both sides of the auto metals business....
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STEFAN SOMMER, CEO, ZF FRIEDRICHSHAFEN

With TRW, ZF can offer advanced driverless tech

12:01 am U.S. ET | Jan. 26, 2015
ZF Friedrichshafen AG's acquisition of TRW Automotive will make it a key player in collision avoidance and driverless cars....
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