Faurecia, China's Changan form JV to make interior partsMay 1, 2013 13:28 CET Faurecia has formed a joint venture with China's Changan Automobile Group that will build two factories to produce instrument panels, door panels, consoles and other interior components.... Read More »
Daimler said to plan transmission plant in RomaniaApril 23, 2013 09:21 CET  Daimler plans a large investment to build transmission components in Romania at the site of an existing joint venture, a German newspaper reported.... Read More »
Toyota, other Japanese automakers recall 3.4 million vehicles over airbagApril 11, 2013 10:49 CET Japanese automakers including Toyota, Nissan and Honda are recalling about 3.4 million vehicles worldwide due to defective airbags supplied by Takata. The recall underscores the risk of huge global supply chain problems as automakers increasingly rely on a handful of suppliers for common or similar parts to cut costs.... Read More »
Has VW discovered the Holy Grail of carmakers? 2:17 am U.S. ET | Feb. 11, 2013  Ulrich Hackenberg isn't yet a household name but if Volkswagen's $70 billion bet on his big idea pays off, he may join the likes of Henry Ford, Alfred Sloan and Taiichi Ohno in the canon of auto industry pioneers.... Read More »
Has VW discovered the Holy Grail of carmakers?Feb. 11, 2013 08:17 CET  Ulrich Hackenberg isn't yet a household name but if Volkswagen's $70 billion bet on his big idea pays off, he may join the likes of Henry Ford, Alfred Sloan and Taiichi Ohno in the canon of auto industry pioneers.... Read More »
UK's GKN builds precision parts plant in ChinaNov. 20, 2012 11:24 CET  GKN Powder Metallurgy, a unit of UK-based supplier GKN PLC, is building a plant in Yizheng in east China's Jiangsu province to produce small parts for engines, transmissions and chassis.... Read More »
China's luxury car demand to boost aluminum usage, Novelis saysNov. 16, 2012 08:49 CET Novelis, the largest supplier of flat-rolled aluminum products to the auto industry, expects aluminum usage by carmakers in China to beat estimated annual global growth rates as demand surges for luxury car brands.... Read More »
IAC opens interior parts plant in RomaniaNov. 13, 2012 06:01 CET  International Automotive Components Group has opened a plant in Romania to produce interior components.... Read More »
Fiat suppliers get German lifeline amid Italian crisisOct. 15, 2012 07:34 CET Fiat’s Italian auto suppliers have had a tough time as the automaker cuts investment and production in Europe. Forced to look elsewhere for business or face bankruptcy, some have taken a lifeline offered by German manufacturer VW.... Read More »
Spanish supplier unit takes 50% stake in Nanjing Forging to build crankshaftsSept. 25, 2012 14:12 CET Spanish supplier CIE Automotive says its Autometal subsidiary will take a 50 percent stake in Nanjing Automotive Forging to produce crankshafts in China.... Read More »
Great Wall signs up German supplier Schaeffler as strategic partnerSept. 12, 2012 11:55 CET Great Wall Motor Co., China's largest SUV maker, said it has formed a partnership with German supplier Schaeffler Group to obtain components for engines, transmissions, chassis and electric motors.... Read More »
German supplier Mahle to double size of r&d center in ChinaAug. 31, 2012 09:16 CET German supplier Mahle is more than doubling the size of its r&d center in the Chinese city of Shanghai. The expanded center is due to open in November.... Read More »
Continental to build infotainment plant in ChinaAug. 31, 2012 09:02 CET  German supplier Continental has signed an agreement with the Chinese city of Wuhu to build a 33 million euro (262 million yuan) plant to produce infotainment components.... Read More »
Chinese automakers' Europe, U.S. export plans clouded by recalls in AustraliaAug. 21, 2012 13:13 CET  Plans by Chinese automakers to grow exports to Europe and the U.S. may have been damaged after the country's two biggest car exporters Chery and Great Wall were forced to recall vehicles in Australia that were found to contain potential cancer-producing asbestos parts.... Read More »
Continental raises forecasts as raw material costs fallAug. 2, 2012 13:49 CET  Continental raised forecasts for revenue and profitability this year after a decline in raw-material costs and growth in sales helped second-quarter profit.... Read More »
Q2 ANE/PWC SHAREHOLDER VALUE INDEX Carmakers, suppliers hit by big declines in shareholder valueJuly 25, 2012 06:01 CET  Any hope that this year's robust first-quarter recovery in shareholder value for Europe's automakers and parts suppliers would be extended evaporated in the second quarter. Automakers saw their average value, as measured by the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Index, fall 12.0 percent. This followed an exceptional 27.3 percent gain in Q1. Partsmakers experienced a similar decline, relinquishing 7.... Read More »
Spain's Gestamp Automocion to build plant in south ChinaJuly 5, 2012 06:01 CET  Spanish metal-parts supplier Gestamp Automocion has won local government approval to build a $120 million (764 million yuan) factory in Dongguan in South China's Guangdong province.... Read More »
Schaeffler confirms 2012 outlook as first-quarter EBIT dropsMay 29, 2012 09:46 CET German auto-parts supplier Schaeffler reaffirmed its business outlook for 2012 on Tuesday, targeting revenue growth of more than 5 percent and an EBIT margin of more than 13 percent. The company, the biggest shareholder in tiremaker Continental, said first-quarter earnings before interest and tax (EBIT) plunged 14.9 percent to 401 million euros ($502.77 million).... Read More »
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