Components

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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SKF to supply transmission seals to China's Geely

March 25, 2014 11:45 CET
Swedish supplier SKF says it has signed a five-year deal to supply transmission seals to China's Zhejiang Geely Holding....
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Renault least vulnerable European automaker in Russian turmoil

March 24, 2014 13:52 CET
Russia's leading carmaker, Renault-Nissan-AvtoVAZ, is best placed to withstand the effects of a weakening ruble from the fallout of the country's annexation of Crimea, analysts say....
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Sogefi profit falls 25% in 2013 on restructuring costs

Feb. 26, 2014 13:42 CET
Italy's Sogefi reported a 25 percent drop in net profit last year as the supplier was hit by higher financial charges and restructuring costs....
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Italy's Sogefi opens two car-parts plants in China

Jan. 16, 2014 13:15 CET
Italian supplier Sogefi has opened two new plants in China to produce parts for carmakers including Fiat, Daimler and Ford....
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Continental predicts sales growth of 5% in 2014

Jan. 13, 2014 12:14 CET
Continental predicts sales this year will jump 5 percent, a fifth consecutive year of record sales, after revenue rose 2 percent in 2013....
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Bosch probed by EU antitrust authorities

Jan. 9, 2014 11:08 CET
Bosch says it is cooperating with European Union antitrust authorities as part of an investigation of suppliers in the region....
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Magneti Marelli plans new lighting JV in China

Oct. 22, 2013 12:43 CET
Italian supplier Magneti Marelli has formed a joint venture with a subsidiary of China South Industries Group Corp. to produce headlamps and taillights in a new plant in central China....
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Ford plans to reduce its suppliers by 40% in global car push

Oct. 22, 2013 06:01 CET
Ford Motor Co., which purchases about $100 billion worth of parts annually, plans to reduce its roster of suppliers by 40 percent to cut the cost of building its vehicles....
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EU offers to end tariffs on Japanese auto parts, report says

Oct. 21, 2013 11:47 CET
The European Union is ready to eliminate tariffs on Japanese auto parts in exchange for Japan ending import duties on a range of European food items, a report said....
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Opel will invest 130 million euros in German parts plant

Sept. 25, 2013 13:11 CET
Opel will invest 130 million euros in its German engine and parts plant in Kaiserslautern to buy new tooling and machinery, the automaker said today....
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BMW will fix supply-chain delays by month's end, execs say

Sept. 11, 2013 06:01 CET
BMW says it will resolve a supply chain problem that has delayed the global delivery of spare parts to some customers by the end of this month....
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Johnson Controls will receive state aid for Slovak headrest project

Aug. 29, 2013 06:01 CET
Johnson Controls will receive state aid from the Slovak government in exchange for creating jobs through a venture to manufacture headrests in the country....
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BMW owners vent anger at months-long wait for spare parts

Aug. 28, 2013 15:19 CET
BMW has angered some of its global customers because a new supply-management system is delaying the delivery of spare parts to fix their vehicles....
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Bosch opens chassis control system plant in China

Aug. 27, 2013 13:31 CET
German supplier Robert Bosch opened a second chassis control system plant this month in the Chinese city of Chengdu....
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BMW owners wait for repairs on supply chain breakdown

Aug. 21, 2013 06:01 CET
BMW is struggling to deliver spare parts on time because of a new supply-management system in Germany, which is forcing customers to wait for repairs....
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