Suppliers

Lear's goal: Seats with style, smarts

12:01 am U.S. ET | Feb. 1, 2016

Automotive parts supplier Lear Corp. is developing a seat of the future to appeal to automakers as they look increasingly to interiors to set their vehicles apart. The new design is the product of an engineering unit Lear has set up in Southfield, Mich....
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Got gadgets?

12:01 am U.S. ET | Feb. 1, 2016

Some of the most revolutionary innovations originate not with carmakers but with the suppliers who provide the building blocks and concepts that reshape the industry. Here is a sampling of some of the most cutting-edge technologies....
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RICHARD JOHNSON

Woo suppliers with longer deals

12:01 am U.S. ET | Feb. 1, 2016

As auto sales and production have climbed steadily over the past six years, so has capacity utilization among parts makers. And now OEMs -- each certain their own market share is about to take off -- are leaning on their suppliers to add production capability....
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Toyota to suspend Japan output for 6 days as steel parts run low

8:54 pm U.S. ET | Jan. 31, 2016

Toyota will suspend production at all assembly lines in Japan for six days this month due to a parts shortage, hitting exports of such cars as Lexus luxury vehicles. The shutdown comes after a Jan. 8 explosion at a steel factory in Japan....
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Autoliv predicts 5% growth in 2016, but market wanted more amid Takata recalls

10:30 am U.S. ET | Jan. 29, 2016

Swedish car safety products supplier Autoliv predicted sales growth of 5 percent this year, but analysts expected more because of potential new business Autoliv could win amid the Takata airbag crisis....
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Toyota, crimped by steel shortage, may suspend Japan output

10:18 pm U.S. ET | Jan. 29, 2016

Toyota said it may halt production at its plants in Japan early next month due to a steel shortage, following an explosion at a steel plant operated by one of its affiliates....
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Takata says CEO has no plans 'as of now' to step down

Jan. 29, 2016 11:22 CET

Takata said its CEO Shigehisa Takada had no intention to resign "as of now" as the airbag maker struggles with a long-running safety recall crisis....
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ANE's February e-magazine goes live Monday

Jan. 29, 2016 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Feb. 1. This month's edition looks at how Ford and Opel plan to turn their businesses in Europe into consistent money makers after years of struggle....
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Gentex Q4 profit, sales rise as mirror shipments increase

12:27 pm U.S. ET | Jan. 28, 2016

Gentex today reported a 25 percent year-over-year rise in fourth-quarter profit. The supplier posted net income of $88.4 million in the fourth quarter of 2015, up from the $71 million during the same period in 2014....
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Harman posts strong quarterly gains from auto business

11:13 am U.S. ET | Jan. 28, 2016

Harman International Industries, which supplies audio and telematics systems to the auto industry, reported a better-than-expected quarterly profit, helped by strong demand from automakers....
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Lear reports record results for Q4, 2015 following acquisitions

10:52 am U.S. ET | Jan. 28, 2016

Seating and electronics supplier Lear said today it posted record core earnings in the fourth quarter as it continued to build on business generated from recent acquisitions....
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Takata prepares CEO exit over airbag safety crisis, report says

Jan. 28, 2016 11:20 CET

Takata is preparing the ground for the exit of its CEO, Shigehisa Takada, Reuters reported, as pressure builds on the airbag maker following a huge global recall over faulty inflators that can explode with excessive force....
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ZF TRW signs office lease for global electronics business

3:23 pm U.S. ET | Jan. 27, 2016

ZF TRW plans to open its global electronics headquarters in suburban Detroit by the end of the second quarter following a lease of a 171,000-square-foot office building....
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Bosch probes whether its staff helped VW's emissions rigging

Jan. 27, 2016 10:03 CET

Bosch is carrying out an internal probe to investigate whether any of its staff were involved in Volkswagen's rigging of emissions tests, the supplier's CEO, Volkmar Denner, said....
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NEWS ANALYSIS

Johnson Controls' CEO brings his own scandal to Tyco

12:13 pm U.S. ET | Jan. 26, 2016

First came the affair. Then the Ponzi scheme. Now -- a $28.8 billion transaction involving two storied American corporations. It's been a remarkable run for JCI CEO Alex Molinaroli....
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EU regulators fine Japanese suppliers 138 million euros for price fixing

Jan. 26, 2016 13:09 CET

EU antitrust regulators fined Mitsubishi Electric and Hitachi Ltd. a total of 137.8 million euros ($149.8 million) for fixing prices of car alternators and starters. Supplier Denso avoided a fine after alerting officials to the existence of the cartel....
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Ford CEO Fields joins IBM board as auto industry transforms

6:54 pm U.S. ET | Jan. 26, 2016

Ford Motor CEO Mark Fields is joining IBM's board of directors as the No. 2 U.S. automaker explores alternative mobility options beyond selling cars and trucks....
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Ford expands recall for Ranger pickups with Takata airbags

10:00 am U.S. ET | Jan. 26, 2016

Ford is expanding a recall of vehicles with Takata airbags after an inflator exploded in a Ford Ranger last month and the driver was killed....
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Takata says 5.1 million more vehicles in U.S. have defective airbag inflators

5:15 pm U.S. ET | Jan. 26, 2016

Takata declared another 5.1 million U.S. vehicles defective as the company disclosed an 11th death could be linked to a faulty airbag, federal auto safety regulators said....
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PHILIP NUSSEL

BLOG: Why the time has come for a Takata bailout

2:02 pm U.S. ET | Jan. 26, 2016

It's time for Takata's largest customers to seize the company and ensure it can meet all of the legal and safety obligations arising from its faulty airbag inflators....
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Hillary Clinton calls Johnson Controls-Tyco inversion 'outrageous'

7:15 am U.S. ET | Jan. 26, 2016

Hillary Clinton called the planned inversion by Johnson Controls and Ireland-based Tyco "outrageous," and said as president she would block such moves using an "exit tax."...
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JCI merges with Tyco in tax-lowering maneuver

8:22 am U.S. ET | Jan. 25, 2016

Johnson Controls, already exiting the auto-industry’s supply chain after decades as a key player, is now seeking to shed its U.S. corporate citizenship in a multibillion-dollar tie-up with Tyco International....
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ZF TRW sells fasteners unit for $450 million

12:24 pm U.S. ET | Jan. 25, 2016

Auto supplier Illinois Tool Works today said it agreed to pay $450 million for the engineered fasteners and components business of German automotive supplier ZF TRW....
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Takata will meet carmakers to gauge possible financial aid, source says

Jan. 25, 2016 09:53 CET

Takata plans to meet with key customers this week to gauge how receptive they are to extending financial aid to help the supplier cope with the costs of its massive airbag recall, a person familiar with the matter said. Honda and Nissan said they received invitations to meet with Takata....
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Over-the-air updates on varied paths

12:01 am U.S. ET | Jan. 25, 2016

Over-the-air vehicle updates aren't just for Tesla anymore. But other manufacturers lack such easy remote access to their vehicles in service. So they're choosing from several ways to get software updates into cars, including options that loop in the owner's smartphone....
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