Components

Porsche will buy 25% stake in carbon fiber maker

March 3, 2015 13:30 CET

Porsche plans to buy a 25 percent stake in German carbon fiber producer Capricorn Composite, widening access to the lightweight material it uses in its LMP1 and 918 Spyder sports cars....
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ElringKlinger may cancel EV contract

March 2, 2015 15:14 CET

German supplier ElringKlinger says it may terminate a contract to supply a major customer with components for electric cars to halt continued losses at its E-Mobility business....
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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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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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Cooper-Standard plans to close factories in Europe in cost-cutting move

Feb. 10, 2015 06:01 CET

U.S. supplier Cooper-Standard Automotive plans to shutter factories and cut jobs in Germany and France as it restructures its European operations.The company, which has 12 factories in western Europe, declined to name which factories will be closed or downsized....
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BMW will use Indian suppliers for some local parts

Feb. 4, 2015 10:52 CET

BMW's India unit said it will partner with seven domestic suppliers to source components for local production of cars at its Chennai plant in southern India....
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VW targets 'significant' savings by reducing variety of parts

Jan. 21, 2015 16:36 CET

Volkswagen Group plans to boost profitability by scaling back the range of components at its main VW brand. Reducing the variety of parts used in VW vehicles will offer "significant savings potential," finance chief Hans Dieter Poetsch said....
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Grupo Antolin, Dongfeng Visteon form China JV for interior parts

Dec. 5, 2014 06:01 CET

Spanish supplier Grupo Antolin is forming a joint venture with Dongfeng Visteon to produce interior components in China. The JV will supply components to Renault, PSA/Peugeot-Citroen and other customers....
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VW names veteran exec Schmall as components chief

Dec. 4, 2014 10:06 CET

VW named Thomas Schmall as the new core brand board member responsible for components – a key post that carries with it the potential for political friction with the carmaker's powerful German unions over a shakeup of parts production....
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European chamber urges China to ease aftermarket rules

Sept. 12, 2014 14:03 CET

The European Union Chamber of Commerce in China has urged the nation's government to allow more competition for vehicle aftermarket service as it says current regulations are the "key driver" of the monopoly situation that has led to state probes within the auto industry....
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Regulators' sweep threatens auto parts business model

Aug. 25, 2014 12:32 CET

Suppliers who have colluded for years to inflate parts prices for automakers, dealers and repair shops in a global market with annual sales of more than 80 million vehicles, are now being exposed in a worldwide sweep by regulators....
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China finds Mercedes guilty of price fixing, report says

Aug. 18, 2014 10:53 CET

Mercedes has been found guilty of manipulating prices for aftersales services in China, the official Xinhua news agency reported. Foreign automakers have been under scrutiny in China amid reports by state media that they are overcharging consumers....
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GM looks for alternative supplies in China after deadly factory blast

5:34 am U.S. ET | Aug. 3, 2014

GM has asked one of its Tier 1 suppliers in China to find an alternative source of components after an explosion ripped through a factory on Saturday, killing at least 75 people and injuring 185....
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Magna denies being asked by Canada to end Russia JV

May 14, 2014 10:54 CET

Magna International CEO Donald Walker says he hasn't been asked to end a Russian joint venture amid mounting tension over Ukraine even as an executive from partner Avtotor cited pressure from Canada to do so....
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Car parts boom brings hope to Bulgaria

May 10, 2014 06:01 CET

Bulgaria, the EU's poorest member, is capitalizing on factors including its location, its low taxes and reduced labor costs to attract auto suppliers....
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Continental raises profit forecast after first-quarter gains

April 25, 2014 10:46 CET

Continental has raised its profit forecast for 2014 after earnings jumped nearly 20 percent in the first three months....
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Sogefi posts loss on restructuring costs, currency woes

April 24, 2014 11:52 CET

Sogefi reported a net loss of 6.3 million euros for the first quarter after results were hit by restructuring charges and the negative effect of exchange rates....
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Siemens, BAIC to jointly build parts for green vehicles in China

April 23, 2014 06:01 CET

Germany's Siemens and state-owned Chinese automaker Beijing Automotive will form a joint venture to produce motors and inverters for hybrid and full-electric vehicles....
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