Suppliers

ZF offers EU concessions in $13.5 billion TRW deal

Feb. 20, 2015 13:36 CET
ZF Friedrichshafen has offered concessions in a bid to secure European Union approval for its $13.5 billion takeover of TRW Automotive Holdings....
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Daicel to build U.S. airbag inflator plant earlier than planned

6:24 am U.S. ET | Feb. 20, 2015
Daicel said it would build a second US factory for airbag inflators in early 2016, bringing forward original plans partly to meet automakers' demand for alternatives to potentially deadly inflators made by Takata....
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Delphi's thermal unit is bought by Mahle for $727 million

4:40 am U.S. ET | Feb. 19, 2015
German auto supplier Mahle has agreed to buy rival Delphi's air conditioning business for $727 million, expanding its thermal management expertise as cars make greater use of electric motors and batteries that need special cooling....
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Dana posts gains in Q4 net income

12:27 pm U.S. ET | Feb. 19, 2015
Powertrain component supplier Dana Holding reported gains in net income for the fourth quarter and 2014, but slipped in revenue in both the quarter and year. Net income for the quarter was $109 million, up from $42 million in 2013....
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Apple is poaching auto engineers to build battery division, lawsuit claims

Feb. 19, 2015 12:48 CET
Electric-car battery maker A123 Systems has sued Apple for allegedly poaching engineers to build a large-scale battery division, according to a court filing that could offer further evidence that Apple is developing a car....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Auto sector rebounds in fourth quarter

Feb. 19, 2015 06:01 CET
All automotive sectors ended 2014 with a strong final quarter, according to the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices....
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Ex-GM CEO Akerson cautions Apple on trials of making cars

6:15 am U.S. ET | Feb. 18, 2015
Dan Akerson, retired CEO of GM, said Apple should steer clear of the business of making cars, though a push into automobile electronics would be a better move for the iPhone maker....
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Lear to buy more shares, boost dividend

10:09 am U.S. ET | Feb. 17, 2015
Weeks after receiving a letter from an activist investor urging the company to split into two separately traded public companies, Lear said today it will increase its share repurchase program and quarterly dividend....
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NEWS ANALYSIS

Apple's electric car dreams may bring auto industry nightmares

6:53 am U.S. ET | Feb. 17, 2015
Before Apple decides to move ahead with its Project Titan project and build an electric car, the company may want to look at the menu of challenges that come with being in the automobile business these days....
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LARRY P. VELLEQUETTE

Thanks, but no thanks, to an Apple car

12:18 pm U.S. ET | Feb. 17, 2015
I know some of you will accuse me of heresy against a Higher Power for saying it, but I don’t like Apple. Never have....
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Tech industry interlopers force car industry to react, Bosch CEO says

Feb. 17, 2015 16:24 CET
The auto industry is stepping up efforts to introduce highly automated cars as software makers Google and perhaps even Apple forge plans to build a vehicle, Volkmar Denner, the CEO of Bosch, said....
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Supplier Chassix misses 2nd bond payment; creditors concerned

8:46 am U.S. ET | Feb. 17, 2015
After missing a payment of more than $17 million to bondholders this month, Chassix has asked the bondholders to organize and retain advisers -- and a creditor's filing asserts that the company is taking steps toward a possible bankruptcy....
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Silicon Valley muscles into Motor City's turf

7:16 am U.S. ET | Feb. 17, 2015
“Detroit vs. Everybody” is a popular t-shirt in the hometown of General Motors and Ford Motor Co. these days. Yet it might as well read “Silicon Valley vs. Motor City” as the San Francisco Bay Area emerges as a center for global transportation innovation....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Incoming Bosch auto boss must boost margin, fend off rising Conti, ZF

Feb. 16, 2015 06:01 CET
When Rolf Bulander takes over as head of Bosch's car parts division in April he will face hurdles such as raising the unit's margin to 8 percent and maintaining its position as the world's largest supplier despite intensifying competition from Continental and ZF....
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Grupo Antolin shakes up management team

Feb. 16, 2015 06:01 CET
Grupo Antolin, the world's largest supplier of vehicle headliners, has shaken up the top tier of its management with an infusion of younger executives....
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Survey: Suppliers upbeat as N.A. factories hum

12:01 am U.S. ET | Feb. 16, 2015
As North American light-vehicle output remains strong, suppliers are optimistic about their prospects for the coming year and are unfazed about meeting higher production quotas....
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NEWS ANALYSIS

5 ways that Apple is already poised to become an automaker

12:01 am U.S. ET | Feb. 15, 2015
Apple may already be positioned to evolve into a global automaker in many ways that other Silicon Valley companies aren't. While Apple often tests ideas that don't get released, but a secret project underscores the company's long-held desire to play a greater role in the automotive space, which is ripe for more of a merging with users' digital lives....
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Suppliers develop rear-seat airbags

12:01 am U.S. ET | Feb. 15, 2015
Airbag suppliers, which have developed an array of airbags, side curtains and knee bolsters to protect front-seat occupants, are starting to design a new generation of airbags for rear-seat passengers....
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CHARLES CHILD

Resist the temptation, Apple: Cars are a tricky proposition

9:13 am U.S. ET | Feb. 14, 2015
So if media reports are true, Apple wants to join Google in the car business. Apple, please resist -- for your own good....
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Takata, plaintiffs tussle over access to airbag inflators for testing

12:01 am U.S. ET | Feb. 14, 2015
Takata has amassed airbag inflators at the center of a big recall and product liability suits for testing under government oversight to find the root cause of the defect. The results are being shared with automakers. But lawyers for plaintiffs suing the suppliers question the arrangement and are pressing safety regulators to let other entities start testing....
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Apple hiring auto experts for secret research project, reports say

4:58 pm U.S. ET | Feb. 13, 2015
Apple is hiring automotive technology and design experts to staff up a top-secret research lab, with the possible intention of building a car, the Financial Times reported, citing people familiar with the matter. The Wall Street Journal reported the project, code-named “Titan,” has an initial design of a vehicle that resembles a minivan....
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TRW seeks long-term business from Takata airbag customers

2:58 pm U.S. ET | Feb. 13, 2015
TRW Automotive is moving ahead with plans to produce replacement airbag inflators for Takata customers, but only for automakers willing to offer guarantees of long-term business....
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Tower International posts Q4 gain in adjusted earnings

4:07 pm U.S. ET | Feb. 13, 2015
Tower International, a structural metal components and assemblies supplier, on Thursday reported a gain in adjusted earnings but a net loss overall for the fourth quarter. The company said adjusted earnings before taxes and other expenses rose 12 percent in the quarter to $55 million....
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Honda cuts production, Toyota airlifts parts amid West Coast port labor strife

11:45 am U.S. ET | Feb. 13, 2015
Honda and Toyota plan to cut back production or adjust overtime at several North American plants because of labor disputes that have snarled shipments at 29 ports on the West Coast. Honda, starting Monday, will reduce production at plants in Ohio, Indiana and Ontario....
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TRW says adjusted Q4 profits rose 26%

9:24 am U.S. ET | Feb. 13, 2015
TRW Automotive Holdings, which is being acquired by German supplier ZF Friedrichshafen AG, today said fourth-quarter adjusted earnings grew 26 percent from last year....
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