Apple taps BlackBerry talent as car project takes software turn, report saysThu, 28, Jul 2016
Apple hired the former head of BlackBerry's automotive software division as new leadership at the iPhone-maker's car team places increased emphasis on developing self-driving technology, people familiar with the project told Bloomberg.
BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soarsThu, 28, Jul 2016
BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement.
Lear Q2 earnings rise on gains in both seating and electronicsThu, 28, Jul 2016
Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income rose sharply from $182 million last year.
Visteon says it booked record $1.6 billion in new business during Q2Thu, 28, Jul 2016
Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday.
Federal-Mogul posts higher Q2 profit despite aftermarket, currency setbacksWed, 27, Jul 2016
Diversified supplier Federal-Mogul posted a $31 million profit in the second quarter, up 41 percent from the year-earlier period, driven by a gain in its powertrain unit.
Ferrari, Altair Product Design team up for next-gen vehicle platformWed, 27, Jul 2016
Ferrari is teaming up with longtime design, engineering and software partner Altair Product Design to create the company’s next-generation vehicle platform.
Superior Industries more than doubles Q2 net incomeWed, 27, Jul 2016
Aluminum wheel supplier Superior Industries International more than doubled its net income in the second quarter from a year earlier, a gain the company attributed to higher shipments and increased use of its new plant in Mexico.
Valeo first-half profit rises 23% on intuitive driving, low-emissions techWed, 27, Jul 2016
Valeo reported a 23 percent rise in first-half profit as its intuitive driving and fuel-saving technology outpaced broader automotive industry growth in key markets
Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profitsTue, 26, Jul 2016
Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract with Tesla would not be renewed after it expires.
Faurecia lifts 2016 profit guidance after strong first halfTue, 26, Jul 2016
Faurecia raised its full-year guidance after reporting a stronger first-half performance in Europe. Operating income rose to $539 million, the French supplier said.
Ford plans to install Apple CarPlay, Android Auto in entire 2017 lineupMon, 25, Jul 2016
Ford will offer Apple CarPlay and Android Auto smartphone connectivity on its full lineup of 2017 vehicles, marking the fastest rollout of the technology so far by an automaker in the U.S.
Cox shifts into 'integration mode' after shopping spreeMon, 25, Jul 2016
Cox Automotive will be in “integration mode for a couple of years,” after a string of acquisitions and company launches this decade, President Sandy Schwartz said.