Suppliers

Novelis: Aluminum sales to automakers will nearly triple on new emissions, mpg rules

8:49 am U.S. ET | Aug. 21, 2014
Novelis, the world's biggest supplier of aluminum sheeting to carmakers, expects sales to customers including Audi and Ford to rise almost three-fold as new emissions rules restrict the use of steel....
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Denso fined $2.2 million in Canada for violation of competition law

6:47 am U.S. ET | Aug. 21, 2014
Japanese supplier Denso said today it has been fined more than $2 million by a court in Canada for violation of that country's competition law in connection with sales of certain body electronic control units for motor vehicles....
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Sixt says BMW car-sharing venture is profitable in most cities

Aug. 21, 2014 11:43 CET
Germany's Sixt said its DriveNow car-sharing venture with BMW is profitable in cities where it has been operating for more than a year as sign-ups exceed forecasts....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Conti exec says automated driving requires tight ties with many partners

Aug. 21, 2014 06:01 CET
Continental executive Helmut Matschi says automated driving will emerge gradually in the next decade. He also believes that to be successful, suppliers will need to collaborate more than ever with non-automotive companies....
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Hertz investor presses board to replace CEO Frissora

3:49 pm U.S. ET | Aug. 20, 2014
Hertz investor Fir Tree Partners, which holds more than 3 percent of the stock, is urging the company's board to replace CEO Mark Frissora because the firm disapproves of how he's running the car-rental provider....
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China levies record $200 million fine on Japan suppliers

Aug. 20, 2014 12:11 CET
China has fined 12 Japanese suppliers a record 1.24 billion yuan ($200 million) for alleged price fixing amid one of the broadest investigations since the nation's antitrust law came into effect six years ago....
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HANS GREIMEL

Why Korea could be next to crack down on foreign brand pricing

12:01 am U.S. ET | Aug. 20, 2014
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?...
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Bosch, Faurecia, ZF grow in 2013; combined Europe sales for top 30 rise 7%

Aug. 20, 2014 06:01 CET
Europe's biggest suppliers rebounded last year as the region showed signs of recovery in the final months of 2013. Overall 2013 European sales by suppliers in the top 30 increased by 7 percent to $183.5 billion compared with the year before....
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2 Japanese suppliers fined in China's antitrust crackdown

6:23 am U.S. ET | Aug. 19, 2014
China's antitrust regulator fined Japanese bearing makers NSK Ltd. and NTN Corp. a combined 4.8 billion yen ($47 million) for violating rules in a probe into industry pricing practices....
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Lear to buy leather supplier Eagle Ottawa for $800 million, reports say

5:46 pm U.S. ET | Aug. 19, 2014
Lear is finalizing a deal to acquire automotive seat leather supplier Eagle Ottawa, media reports said, citing sources close to the deal. Lear, based in Michigan, is expected to pay more than $800 million for Eagle Ottawa, the world's largest supplier of leather to the automotive market....
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Japan's NGK pleads guilty, to pay $52.1 million U.S. fine for price fixing

5:10 pm U.S. ET | Aug. 19, 2014
Japanese supplier NGK Spark Plug agreed to plead guilty and pay a $52 million criminal fine over its role in a conspiracy to fix prices and rig bids for spark plugs and other automotive parts, the Department of Justice said....
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Aisin's North American growth drives more investment, new HQ

10:51 am U.S. ET | Aug. 19, 2014
Aisin opened a new North American headquarters in suburban Detroit in July as part of the foreign subsidiary's ongoing growth stateside....
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A123 hires former JCI executive as chief technology officer

7:49 am U.S. ET | Aug. 19, 2014
A123 Systems hired former Johnson Controls executive Patrick Hurley as its new chief technology officer....
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Saab's owner seeks partner to secure brand's future

Aug. 19, 2014 11:15 CET
Saab's owner, National Electric Vehicle Sweden, says it is in discussions with potential partners as it seeks to restart car production and develop future models....
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Magna CEO in a shopping mood in post-Stronach era

6:54 am U.S. ET | Aug. 19, 2014
Magna International, the largest auto supplier in North America, will consider purchases of as much as $4 billion as it distances itself from debt-averse founder Frank Stronach....
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Suppliers prepare for growth, allocate more funds for M&A

12:01 am U.S. ET | Aug. 18, 2014
North American suppliers are budgeting more funds for mergers and acquisitions as they seek to boost market share and expand product lineups....
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Mexico wants more Tier 2 suppliers

12:01 am U.S. ET | Aug. 18, 2014
Mexico's auto industry has launched a long-term effort to develop a national network of Tier 2 suppliers....
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Toyota makes stronger showing in J.D. Power seat quality study

2:25 pm U.S. ET | Aug. 18, 2014
Toyota made sizable gains in a JD Power seat quality study, with six of the 21 vehicles recognized for superior seating, two more than last year. Ford's C-Max also had a strikingly lower instance of seat-related problems than any other car in the study....
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Continental lures Google self-driving exec in Silicon Valley push

1:22 pm U.S. ET | Aug. 18, 2014
German supplier Continental AG is growing its Silicon Valley presence to help car companies roll out autonomous driving and other “intelligent” features over the coming years -- and it has hired one of Google's self-driving car executives to lead the effort....
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Suppliers see money in software

12:01 am U.S. ET | Aug. 18, 2014
Harman International, a top producer of speakers and other in-car audio equipment, plans to ease out of hardware so it can concentrate on software as its core automotive product....
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Sensata to buy pressure-sensor maker Schrader in $1 billion deal

7:28 am U.S. ET | Aug. 18, 2014
Sensata Technologies Holding NV plans to buy Schrader International Inc. from Madison Dearborn Partners LLC for an enterprise value of $1 billion to expand in sensors that warn against low tire pressure....
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Chrysler purchasing chief faces tall order

12:01 am U.S. ET | Aug. 18, 2014
So much for Tom Finelli's honeymoon phase as Chrysler Group's new purchasing chief for North America. The protégé of the late and highly respected Dan Knott has little time to win the trust of wary suppliers....
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Bosch to sell laser-based radar by '20

12:01 am U.S. ET | Aug. 18, 2014
German supplier Robert Bosch GmbH will sell a laser-based radar known as lidar by 2020 to meet demand for high-tech sensors in autos...
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EDITORIAL

Slowdown ahead?

12:01 am U.S. ET | Aug. 18, 2014
Five years into a long, steady auto sales recovery, economists and forecasters are seeing darker clouds on the horizon....
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EDITORIAL

Loose lips can sink supplier-carmaker relationships

12:01 am U.S. ET | Aug. 18, 2014
Chrysler CEO Sergio Marchionne wants some of the profits that suppliers are getting....
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