Suppliers

Honda owners can request new airbags even if their cars weren't recalled

12:35 pm U.S. ET | Nov. 18, 2014
After recalling millions of vehicles over potentially life-threatening Takata airbag inflators, Honda said it will replace airbags, as appropriate, for concerned customers who were not subject to the recall....
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Schaeffler targets 12%-13% margin over long term

Nov. 18, 2014 12:30 CET
Schaeffler says it aims to keep its operating margin in the region of 12 percent to 13 percent over the long term as it expects the economic environment in its key markets to remain positive....
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Daimler, BMW cooperate on suppliers in Mexico

Nov. 18, 2014 10:17 CET
Daimler and BMW are working together to build a network of suppliers for their new factories in Mexico as both carmakers aim to take advantage of the country's tariff-free access to the U.S. market....
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Harold Coker, founder of antique tire maker Coker Tire, dies at 84

4:55 pm U.S. ET | Nov. 17, 2014
Harold Coker, founder of Coker Tire in Chattanooga, which produces tires for antique vehicles, died Sunday. He was 84....
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American Axle hires former Mich. car czar Francis

4:01 pm U.S. ET | Nov. 17, 2014
Nigel Francis, former car czar for the state of Michigan, has been appointed as vice president of corporate planning for American Axle & Manufacturing in Detroit....
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Fuel cell cars will be commercially viable by 2025, Bosch exec says

Nov. 17, 2014 11:36 CET
Falling costs will make fuel cell technology commercially viable for mass car production by 2025, Wolf-Henning Scheider, Bosch's automotive chief, said. Toyota and Honda plan to launch fuel cell vehicles in 2015....
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Airbag settlements keep details from other victims of accidents

6:26 am U.S. ET | Nov. 17, 2014
Confidential settlements over defective Takata airbags are sealing off relevant information that other victims could use to pursue injury claims....
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EDITORIAL

Takata must supply answers, replacement parts

12:01 am U.S. ET | Nov. 17, 2014
It's time for Takata to open up about airbags it manufactured that have prompted recalls of about 11 million vehicles in the United States since 2008....
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TRW investment to help Takata replace defective airbags would be short-term, ZF CEO says

Nov. 17, 2014 10:49 CET
ZF Friedrichshafen is ready to invest more through TRW Automotive in airbag inflator output to meet replacement demand following the recall of defective airbags made by Takata. The investment would not be a strategic shift to win market share, ZF CEO Stefan Sommer said....
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Suppliers start moving closer to GM plants

12:01 am U.S. ET | Nov. 17, 2014
General Motors' drive to cut $900 million a year from its North American logistics spending in 2015 and 2016 is beginning to bear fruit. Early this year, the company called on its suppliers to build factories close to GM's assembly plants. Now the suppliers are starting to comply....
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Semiconductor demand spurs merger activity

12:01 am U.S. ET | Nov. 17, 2014
Spurred by fast-growing markets for infotainment and collision avoidance, semiconductor suppliers are bulking up with a wave of mergers....
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LIGHT IN ACTION

In smart headlight, 1 LED emits beams that can be controlled

12:01 am U.S. ET | Nov. 17, 2014
A German consortium is developing a "smart headlight" that would require just one LED bulb instead of the array of 25 LEDs required for an Audi A8-style high beam. The consortium led by Osram Opto Semiconductors has developed a single LED light source that can emit 256 pixels -- each a separate beam of light that can be individually controlled....
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HERE's looking at you -- in 3-D

12:01 am U.S. ET | Nov. 17, 2014
John Ristevski's ride always gets attention on the street. People are bound to stop and stare at a bright blue station wagon with $80,000 worth of electronics mounted on its roof and a map of the world affixed to its side. Ristevski works for HERE, the maps division of Finnish telecom company Nokia. And the technology-laded wagon is playing a key role in helping automakers such as BMW and Daimler keep pace with Google in the field of self-driving vehicles....
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Confessions of a price fixer

6:00 pm U.S. ET | Nov. 16, 2014
As one after another Japanese auto supplier gets snagged for price fixing, it is the unwritten rule, say insiders and lawyers, that middle managers sometimes take the fall for superiors and get rewarded for not airing the company's dirty laundry in public court. This is one such story....
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Supplier upheaval fueled price fixing

6:00 pm U.S. ET | Nov. 16, 2014
To hear auto industry insiders in Japan, the country's problems with bid rigging began to spiral in the early 2000s. Or, more specifically, with the arrival of Carlos Ghosn, the cost-cutting CEO who parachuted into a nearly bankrupt Nissan Motor Co. and blew up the carmaker's ossified supplier network....
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SLICING THE PIE

At 'bid meetings,' suppliers aimed to maintain one another's market share

6:00 pm U.S. ET | Nov. 16, 2014
When Japanese auto suppliers schemed to fix prices, it was as much about protecting market share as pumping up profits, an industry insider said. In textbook Japanese fashion, in which consensus rule trumped individual agendas, rival companies agreed to protect the status quo, lest someone was pushed out altogether....
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Mustang driver injured by airbag fragment in N.C. crash

10:40 pm U.S. ET | Nov. 16, 2014
Ford said on Sunday night it was cooperating with federal safety regulators investigating a report the driver of a 2007 Ford Mustang was injured in August by a metal fragment from the car's airbag....
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What is a recall? Automakers confuse drivers in deadly airbag saga

10:48 am U.S. ET | Nov. 16, 2014
More than 17 million cars with Takata airbags have been recalled worldwide, including over 11 million in the United States. But that number represents a patchwork of confusing safety messages to drivers: "safety improvement campaigns," informal "regional recalls," and formal recalls of certain models rather a consistent national action. The mixed messages make owners wonder how worried they should be....
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Rehired exec at center of Takata storm

12:01 am U.S. ET | Nov. 15, 2014
This past summer, Takata rehired a retired engineering executive to oversee its embattled quality-control operation -- an executive who is now at the center of a fresh controversy involving the company's disclosures about its defective airbags....
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Brembo Q3 net profit increases 51%

Nov. 15, 2014 06:15 CET
Italian brake maker Brembo reported a 51 percent rise in third-quarter net profit, boosted by higher sales and better margins. The supplier now targets sales to grow about 14 percent to 15 percent this year, up from a previous goal of 13 percent....
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Hertz to restate results, change fleet-purchase strategy

2:22 pm U.S. ET | Nov. 14, 2014
Hertz said today it will revise financial statements from 2011 through 2013 and continue a review that has found $87 million of errors so far. Hertz also said it's initiating a $100 million cost-reduction program and said it increased the rate at which it's selling the highest-mileage cars in its fleet by 45 percent....
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Executives from Japan's NSK, Jtekt indicted in U.S. for price-fixing

12:42 pm U.S. ET | Nov. 14, 2014
Two more executives from Japanese auto suppliers have been indicted as part of the Justice Department's long-running investigation into price-fixing in the auto parts industry, the government said today....
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Lutz's VIA Motors gets EPA certification for van

2:38 pm U.S. ET | Nov. 14, 2014
VIA Motors, a fledgling retrofitter whose chairman is veteran auto executive Bob Lutz, says it has received EPA certification for a plug-in hybrid van. The company equips vans and trucks with plug-in hybrid powertrains and sells them to fleet buyers....
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TIMELINE -- Takata airbag recalls

12:26 pm U.S. ET | Nov. 13, 2014
Following are some key events leading to the recall of several million cars fitted with potentially defective air bags made by Japanese supplier Takata....
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Takata to hike inflator output at Mexico plant

5:15 pm U.S. ET | Nov. 13, 2014
Under heavy pressure to boost output of replacement inflators for airbags amid a recall crisis, Takata is preparing to build two new production lines at its plant in Monclova, Mexico. The company said the lines should start up in January -- a delay caused by the need to install and test new tooling....
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