Suppliers

Yazaki will pay $100 million to settle U.S. price-fixing claims

11:40 am U.S. ET | Sept. 23, 2014
Wire harness market leader Yazaki, which paid the largest federal criminal fine so far in a three-year prosecution of automotive supplier price-fixing, also will shell out the largest civil settlement -- $100 million -- in related settlements....
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Michelin seen missing 2014 sales goal, report says

Sept. 23, 2014 11:37 CET
Michelin may miss its goal of boosting sales by 3 percent this year on weak European and emerging markets, a French daily reported, citing the company's finance chief Marc Henry....
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2014 Eurostar winner Guglielmo Fiocchi

Sept. 23, 2014 06:01 CET
The executives chosen as 2014 Automotive News Europe Eurostars achieved success by exceeding expectations. Sogefi CEO Guglielmo Fiocchi is this year's Eurostar winner for Supplier CEO....
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GABE NELSON

Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014
Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group's $10 billion bid for a nearly 20-acre plot in Seoul's prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse....
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Pay gap remains under Lear UAW contract after demise of two-tier wages

3:02 pm U.S. ET | Sept. 22, 2014
The UAW has ended two-tier wages for the majority of workers at a Lear seating plant in Indiana, but certainly not all. A new four-year UAW contract ratified Sunday promises wage parity for about 450 of the 760 workers at Lear's Hammond, Ind., plant, said Tom DiDonato, Lear senior vice president of human resources....
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Hyundai directors kept in dark on size of $10 billion land bid, report says

10:56 am U.S. ET | Sept. 22, 2014
Hyundai Motor and two affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters....
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ZF-TRW 'playing in a new league'

12:01 am U.S. ET | Sept. 22, 2014
ZF's acquisition of TRW will put the German company in an elite group: Megasuppliers able to feed automakers' growing appetite for collision-avoidance technology....
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Honda, GM crack down on certified-used rule benders

12:01 am U.S. ET | Sept. 22, 2014
Honda and GM, among others, are closely monitoring dealerships' compliance with certified used-vehicle programs -- and cracking down on rule breakers....
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EDITORIAL

Be nice to suppliers

12:01 am U.S. ET | Sept. 22, 2014
Today, fewer and larger suppliers control many key technologies and can choose which automakers get their latest products first....
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Arcelor: We can do what aluminum can

12:01 am U.S. ET | Sept. 22, 2014
ArcelorMittal has a message for automakers scrambling to hit the new fuel economy targets mandated for 2025: You don't have to make vehicles out of aluminum to do it....
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Tier 2 wage fight at Lear moves to Detroit 3

12:01 am U.S. ET | Sept. 22, 2014
A new UAW contract that eliminates lower pay for new hires at a Lear Corp. seat plant in Indiana is the opening salvo in a fight over so-called Tier 2 wages that will play out next year in contract negotiations between the UAW and the Detroit 3....
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Porsche SE cash gives Inrix fuel to grow

12:01 am U.S. ET | Sept. 22, 2014
Inrix Inc., the traffic information provider that drew a $55 million investment this month from Volkswagen AG holding company Porsche Automobil Holding SE, is officially in growth mode....
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UAW local ratifies Lear contract ending 2-tier wages

7:45 pm U.S. ET | Sept. 21, 2014
UAW-represented employees at a Lear seat plant in Indiana ratified a new contract today ending a wage structure that pays new-hires less than their veteran colleagues....
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Magna stock falls 4.7% after Brazil antitrust regulator visits local unit

4:02 pm U.S. ET | Sept. 19, 2014
Magna International shares tumbled the most in more than two years after the supplier said the offices of its Brazilian unit were visited in connection with an antitrust investigation....
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EU antitrust chief says more cartel fines on way for suppliers

Sept. 19, 2014 12:41 CET
EU regulators say they are ready to penalize several suppliers found guilty of price fixing. The EU has already fined two supplier cartels more than 1 billion euros in the last year....
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ZF net debt seen at $11 billion after TRW deal, report says

Sept. 18, 2014 18:05 CET
ZF's net debt will rise to about 8.5 billion euros ($11 billion) -- about 2.4 times core earnings -- after it buys rival TRW, a banker familiar with the deal said. Earlier this week, ZF agreed to buy TRW for $13.5 billion including debt....
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7 Japanese supplier execs indicted in price-fixing scheme

4:09 pm U.S. ET | Sept. 18, 2014
A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today....
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China's Wanxiang to relaunch Fisker Karma with 2012 design, report says

4:32 pm U.S. ET | Sept. 18, 2014
Chinese auto parts producer Wanxiang Group, which bought electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker's Karma hybrid luxury car by using a design from the company's last year of production, people close to the companies said....
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Alabama steel plant's new owners pledge more supply

4:16 pm U.S. ET | Sept. 18, 2014
North American auto plants soon should see an improved and greater supply of the high-strength steels needed to reduce vehicle weight and improve fuel economy, thanks to a change in ownership earlier this year of an advanced steel-finishing plant near Mobile, Ala....
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ZF's Sommer sees more acquisitions beyond TRW purchase

Sept. 18, 2014 09:05 CET
ZF, which agreed to buy TRW Automotive Holdings for $13.5 billion including debt, sees a need for more acquisitions as even the largest auto suppliers seek size and technology....
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Lear contract first step in eliminating two-tier wages, Canadian union chief says

12:01 am U.S. ET | Sept. 18, 2014
The head of Canada's largest auto worker union said a tentative UAW contract ending two-tier pay disparity at a Lear seat plant in Indiana was the first step in eliminating the practice at Detroit 3 plants in the United States....
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LINDSAY CHAPPELL

Scrap Nissan's Leaf battery plant? Hardly

3:23 pm U.S. ET | Sept. 17, 2014
News broke this week that Nissan and Renault are debating the future of their electric-vehicle battery technology sourcing. Frankly, it would be bigger news if the two automaker partners weren't debating it....
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Guardian automotive glass units to be acquired by Japanese supplier

3:57 pm U.S. ET | Sept. 17, 2014
Japan's Central Glass Company has agreed to purchase the outstanding shares of two automotive units of Guardian Industries, a longtime Detroit area automotive glass supplier with roots dating to the 1930s....
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Ford and Lincoln get connected with Apple's Siri

4:23 pm U.S. ET | Sept. 17, 2014
After years of negative customer reviews of its in-car voice-recognition technology, Ford may solve some of its lingering issues by partnering with Automatic Labs. Soon, drivers will be able to ask Apple's Siri system about the weather and turn on their home thermostat from the wheel of their Ford or Lincoln, the automaker said Tuesday....
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Steelmaker says it can put pickups on a diet

6:56 am U.S. ET | Sept. 17, 2014
ArcelorMittal has a message for automakers scrambling to hit tougher fuel economy targets that come into effect in 2025: You don't have to make trucks out of aluminum to do it....
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Special Report
Calif. dealer champions chaplain services

Calif. dealer champions chaplain services

Calif. dealer Bill Hoehn has something few retailers have: A full-time chaplain. The chaplain provides care and support for employees, is available 24/7 for crisis needs and even presides over weddings. Mon., September 22
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