Suppliers

U.S. Senate panel OKs auto industry whistleblower incentive

1:18 pm U.S. ET | Feb. 26, 2015
A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a US Senate panel today....
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Automakers choose aerospace firm to run Takata airbag tests

10:54 am U.S. ET | Feb. 26, 2015
A consortium of 10 automakers formed to investigate the root cause behind Takata airbag inflator ruptures said today they have selected Orbital ATK to test the supplier's troubled inflators on their behalf....
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Federal-Mogul delays split into two public companies

9:58 am U.S. ET | Feb. 26, 2015
Federal-Mogul, the powertrain and aftermarket parts supplier controlled by Wall Street investment mogul Carl Icahn, said this week it will delay a prior plan to split into two separate public companies during the first half of this year....
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U.S. orders Takata to preserve airbag inflators for federal probe

4:39 pm U.S. ET | Feb. 25, 2015
A federal safety regulator on Wednesday ordered troubled Japanese supplier Takata to preserve all airbag inflators removed through a recall process as evidence for a federal investigation and private litigation cases....
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Magna cuts sales forecast on weak Europe demand, approves stock split

7:01 am U.S. ET | Feb. 25, 2015
Canadian auto parts maker Magna International Inc. cut its revenue forecast for 2015, hurt by weak demand from Europe....
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Valeo sees further profit gain after beating 2014 goal

Feb. 25, 2015 10:33 CET
Valeo is targeting a further boost in profitability this year after exceeding its 2014 goals on strong demand for emissions-cutting technologies and intuitive driving systems. The company's operating profit margin rose to 7.2 percent last year beating a 7 percent goal....
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Cooper Standard pares Q4 losses to $12.8 million

3:52 pm U.S. ET | Feb. 24, 2015
Cooper-Standard Holdings Inc., facing foreign currency issues and soft sales on key programs in North America, said it lost $12.8 million in the fourth quarter of 2014. That was an improvement over the $20.8 million it lost during the same quarter a year earlier....
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Faurecia N.A. boss Heneka to retire March 1; Stidham named new president

3:12 pm U.S. ET | Feb. 24, 2015
Mike Heneka, who led an immense expansion effort in the US as president of Faurecia North America, will retire on March 1, the seating and emissions systems supplier said today....
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Canadian railroad reaches tentative deal with union, averting lockout

11:39 am U.S. ET | Feb. 24, 2015
Canada's biggest railway reached a last-minute tentative agreement with one of its unions on Monday, averting a lockout that threatened to delay imports from Asia and compound a US West Coast port logjam....
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Continental increases microcontroller output in China

Feb. 24, 2015 12:45 CET
Continental says it has launched production of transmission control units on a second line at its plant in Tianjin, China. The German supplier's transmission division entered China in 1998. Aside from its factory in Tianjin, the unit has an r&d center in Shanghai....
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Germany's IG Metall union accepts 3% wage rise in Daimler, Porsche's heartland

Feb. 24, 2015 10:47 CET
Germany's biggest trade union, IG Metall, accepted a 3 percent wage increase for the country's southwest region, home to carmakers Daimler and Porsche. The union had called for a 5.5 percent increase. Deals agreed in the region traditionally serve as a template for agreements across Germany....
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GKN sees more growth this year after 2014 profits rise 4%

Feb. 24, 2015 11:12 CET
UK supplier GKN reported a 4 percent rise in annual profit last year and said it expected to grow again in 2015, helped by the continued strong demand for car parts....
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American Axle Q4, full-year revenues jump on non-GM business

3:18 pm U.S. ET | Feb. 23, 2015
American Axle reported leaps in revenue for the fourth quarter and the year. The powertrain components supplier had lower net income for the quarter but growth for the year....
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China's Wanxiang to rebrand Fisker as Elux, report says

9:26 am U.S. ET | Feb. 23, 2015
Chinese auto parts maker Wanxiang Group will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan told Reuters on Sunday....
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Is clock ticking on replacement inflators?

12:01 am U.S. ET | Feb. 23, 2015
Now that Honda has recalled more than 14 million vehicles to fix defective Takata airbag inflators, CEO Takanobu Ito says he is prepared for a difficult possibility: If the replacements also go bad someday, they would need to be replaced too....
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Did you hear the one about the GM phone?

12:01 am U.S. ET | Feb. 23, 2015
News reports about Apple getting into the car business were the talk of Detroit and Silicon Valley last week. Many in Detroit think the maker of the iPhone is biting off more than it can chew. Many in Silicon Valley think an Apple car would be better than anything from Detroit. Jokesters on the Internet also had a field day....
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JAMES B. TREECE

Car stores could be just like Apple stores, right?

12:01 am U.S. ET | Feb. 23, 2015
"How's it going?" I asked my friend Gene-Erik Marketer. I hadn't seen him since the NADA convention. "Great!" he replied. "I really got our dealers fired up at our make meeting with my pitch to make our dealerships more like Apple stores!" I had to ask: "What does that mean?"...
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Thirst for power fuels Nvidia's surge

12:01 am U.S. ET | Feb. 23, 2015
Nvidia Corp., best known for graphics cards for video gaming systems, boosted automotive revenue more than 80 percent in 2014 by capitalizing on car companies' hunger for high-powered computers....
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Robot orders surge as vehicle output climbs

12:01 am U.S. ET | Feb. 23, 2015
In a bid to keep pace with rising production, automakers and suppliers are ordering record numbers of robots. Last year, companies ordered 17,678 automotive robots in North America, up 45 percent from 2013, said the Robotic Industries Association. Manufacturers are hustling to boost output now that annual North American light-vehicle production is topping 17 million units....
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S.C. testing center plans expansion

12:01 am U.S. ET | Feb. 23, 2015
The International Transportation Innovation Center in Greenville, S.C., is expanding in hopes of attracting work on advanced technology such as wireless charging, automatic parking and zero-emission vehicles....
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NEWS ANALYSIS

For Apple, an opportunity to revolutionize the automobile, without ever selling one

12:01 am U.S. ET | Feb. 22, 2015
What could Apple do for the auto industry? With its $178 billion cash pile, probably anything it wants. But there's little reason to believe that Apple would want to join a marketplace that already exists — unless it saw an opportunity to revolutionize it....
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Apple hiring patterns, patents signal automotive r&d plans

3:55 pm U.S. ET | Feb. 20, 2015
A year and a half ago, Apple had applied for just eight patents related to auto batteries. Recently, it has hired a bevy of engineers, just one of whom had already filed for 17 in his former career, according to a Thomson Reuters analysis....
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Honda to cut N.A. output by another 5,000 cars amid port delays

6:41 am U.S. ET | Feb. 20, 2015
Honda will continue to reduce production at plants in Indiana and Ontario next week because of part shortages amid labor disputes at West Coast ports. Honda said it expected output loss at the factories next week to be around 5,000 cars....
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Apple said to be targeting EV car production as soon as 2020

Feb. 20, 2015 09:26 CET
Apple, which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020, sources told Bloomberg. The time frame underscores the project's aggressive goals and could set the stage for a battle for customers with Tesla and GM....
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NHTSA to fine Takata $14K a day for failing to 'fully cooperate' in airbag probe

10:31 am U.S. ET | Feb. 20, 2015
The National Highway Traffic Safety Administration today slapped Takata with a $14,000-per-day fine for failing to "fully cooperate" with the agency's investigation into exploding airbag inflators made by the supplier that have been linked to at least six deaths. NHTSA also warned Takata that it will refer the situation to the Department of Justice if it fails to remedy the situation....
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