Suppliers

Dana Q3 net income leaps to $90 million

3:52 pm U.S. ET | Oct. 23, 2014
Powertrain component supplier Dana reported net income of $90 million for the third quarter, a 32 percent improvement from the $68 million in the same period a year earlier....
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Federal-Mogul posts Q3 loss on restructuring costs; revenue up 11%

8:38 am U.S. ET | Oct. 22, 2014
Federal-Mogul reported a third-quarter net loss Wednesday because of restructuring and relocation costs....
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Delphi explores sale of thermal unit for as much as $1 billion, report says

1:25 pm U.S. ET | Oct. 22, 2014
Delphi Automotive, the former parts unit of General Motors, is exploring a sale of a business that makes heating and cooling systems for cars, and will seek as much as $1 billion for the unit, people with knowledge of the matter told Bloomberg....
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NHTSA apologizes as scrutiny in airbag case grows

10:22 pm U.S. ET | Oct. 22, 2014
The National Highway Traffic Safety Administration’s top official, facing heightened scrutiny over the agency’s handling of a deadly airbag defect, apologized late Wednesday for publishing inaccurate information this week in the agency’s warnings about the defect and for technical glitches that made its online recall search tool largely inaccessible....
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U.S. prosecutors probe Takata over recalls

6:00 pm U.S. ET | Oct. 22, 2014
The recall of some 7.8 million vehicles with faulty Takata airbags that may explode attracted additional federal scrutiny Wednesday, with prosecutors launching a probe into the Japanese supplier and a U.S. House oversight committee calling for a review of the recalls....
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List of 7.8 million vehicles involved in the Takata airbag recalls

6:50 am U.S. ET | Oct. 22, 2014
Owners of the following vehicles are being urged to act immediately on recalls involving potentially defective airbags made by Takata, according to a corrected list distributed late Tuesday by the National Highway Traffic Safety Administration....
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Gentex reports 30% surge in Q3 net income

1:46 pm U.S. ET | Oct. 22, 2014
Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent....
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Valeo's third-quarter sales rise 10% on fuel-saving technologies

Oct. 22, 2014 15:00 CET
French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies....
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Italy's Sogefi reports nine-month net loss of 5.8 million euros

Oct. 22, 2014 11:24 CET
Italian supplier Sogefi reported a net loss of 5.8 million euros ($7.4 million) for the first nine months of the year and said CEO Guglielmo Fiocchi would leave the company....
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GM will warn some Saab, Pontiac owners not to allow front passengers

Oct. 22, 2014 12:47 CET
General Motors will warn some owners of Saab 9-2X and Pontiac Vibe hatchbacks in the U.S. not to allow front-seat passengers until defective air bags are replaced as part of a wider recall that involves 6.1 million cars....
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EU says Honeywell, DuPont car refrigerant deal may be illegal

Oct. 22, 2014 10:51 CET
The EU says auto supplier Honeywell's joint venture with chemicals company DuPont to produce an air conditioning refrigerant for cars may be anti-competitive as the deal may have blocked rivals keen to participate in the chemical's development....
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Toyota executive backs Takata’s handling of airbag crisis

6:39 am U.S. ET | Oct. 22, 2014
A top Toyota executive offered support for how airbag maker Takata is handling a safety crisis affecting millions of vehicles, days after expanding its own recalls for the second time in four months....
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NHTSA expands faulty airbag warning to 7.8 million vehicles

9:31 am U.S. ET | Oct. 21, 2014
Auto safety regulators, for the second time late Tuesday, expanded their warning to owners of vehicles recalled for defective Takata airbags, urging them to get the airbags replaced. But the federal website created to help consumers to verify whether their vehicle has been recalled was unavailable for most of the day, and was still down as of mid-morning Wednesday....
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GKN sees growth in 2014 helped by auto-unit performance

Oct. 21, 2014 15:07 CET
UK supplier GKN said it was on track for growth in 2014 after posting third-quarter profit of 160 million pounds ($258.62 million), boosted by a strong performance at its automotive unit....
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NHTSA website search function crashes as drivers look for airbag recalls

4:10 pm U.S. ET | Oct. 21, 2014
The website federal safety regulators are urging 4.7 million people to check to see if their cars have defective airbags couldn't be fully accessed today....
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Ford to close climate control plant, lay off 257 workers

3:11 pm U.S. ET | Oct. 21, 2014
Ford plans to shed the last line of business in nine-year-old Automotive Component Holdings LLC by December when ACH closes its Sheldon Road climate control plant in suburban Detroit and lays off its last 257 employees....
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Takata hit with 2 more airbag lawsuits

11:54 am U.S. ET | Oct. 21, 2014
The recall crisis involving Takata airbags exploding with too much force and spraying occupants with metal shrapnel continues to grow, with two more lawsuits filed concerning accidents in older Honda cars....
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Takata, wrestling with airbag recall, sees shares take 23% plunge

7:08 am U.S. ET | Oct. 21, 2014
Takata shares plunged by a record in Tokyo trading after Toyota advised U.S. owners of its cars to seat passengers in the back amid reports of metal shrapnel being propelled from inside faulty airbags....
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'Aggressive' EV ambitions will boost aluminum demand in China

Oct. 21, 2014 12:02 CET
China's drive to build electric cars as a way to combat pollution and reduce energy dependence is likely to set up a greater-than-forecast surge in demand for aluminum, according to Novelis, the world's biggest supplier of the material to automakers....
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China's 'aggressive' EV ambitions to drive demand for aluminum

6:23 am U.S. ET | Oct. 21, 2014
China's drive to build electric cars is likely to set up a greater-than-forecast surge in demand for aluminum, according to Novelis, the world's biggest supplier to automakers of aluminum sheets....
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Tesla courted suppliers in bid to stop bill banning direct sales in Mich.

6:22 pm U.S. ET | Oct. 20, 2014
Tesla Motors looked for support from its suppliers in Michigan in the company's unsuccessful bid to get Governor Rick Snyder to veto a bill that bans Tesla from selling its EVs directly to customers in the state....
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Toyota recalls 247,000 vehicles in U.S. over Takata airbags

11:24 am U.S. ET | Oct. 20, 2014
Toyota recalled 247,000 cars, SUVs and pickup trucks in the United States today because of potentially defective front passenger airbag inflators from Japanese supplier Takata that can rupture and spray metal shrapnel, according to federal safety regulators....
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Getrag, Dongfeng form dual clutch transmissions JV in China

Oct. 20, 2014 10:54 CET
Germany's Getrag formed a joint venture with Dongfeng to develop and produce dual clutch transmissions in China. The joint venture will start manufacturing transmissions for compact cars in 2016 at a factory in Wuhan....
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N.A. Sept. output rises 7 percent

12:01 am U.S. ET | Oct. 20, 2014
North America car and truck production in September rose 7 percent from the year-earlier month, to 1,524,207 vehicles. It marked a record 38th month in a row for production to top 1 million vehicles....
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JCI-Yanfeng could be first domino

12:01 am U.S. ET | Oct. 20, 2014
The major joint venture between Johnson Controls Inc. and China's Yanfeng Automotive Trim Systems Co. has created momentum for further consolidation of the auto interiors business, says Beda Bolzenius, president of Johnson Controls' seating and interiors business....
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Track, tech events draw crowds to Hoffman stores

Track, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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