Cooper-Standard Automotive parent posts 46% increase in Q1 net incomeWed, 04, May 2016
Cooper-Standard Holdings posted net income of $30.6 million in the first quarter, a 46 percent rise driven by an acquisition and record revenue.
Takata's fight for survival gets even harder as airbag recall widensWed, 04, May 2016
The world's largest automotive safety recall is about to get even bigger, adding to the hurdles that Japanese airbag supplier Takata is battling to survive the crisis.
BASF says tomorrow's vehicle colors could vary with your vantage pointWed, 04, May 2016
In a few years, the color of a new vehicle could vary depending on where you're standing. That's according to supplier BASF Corp.'s automotive division, which today highlighted 65 striking colors here that it said could be on vehicles by 2020.
U.S. orders massive expansion of Takata recallsWed, 04, May 2016
U.S. auto safety regulators ordered a dramatic expansion of the Takata airbag inflator recalls today, more than doubling the number of hazardous parts covered by the callbacks in a move that the auto industry will spend the next several years sorting out.
Takata poised to recall another 35-40 million U.S. airbag inflators, reports sayTue, 03, May 2016
Under pressure from U.S. regulators, Japanese airbag manufacturer Takata is expected to announce as early as Wednesday that it is recalling 35 million to 40 million additional inflators in U.S. vehicles, according to several media reports today.
Delphi doubles Q1 net income following acquisition, global growthWed, 04, May 2016
Delphi Automotive's net income more than doubled in the first quarter of this year, over the same quarter last year, due to the acquisition of HellermanTyton Group and increased demand around the world.
Continental expects no major hit from carmakers' price cutsWed, 04, May 2016
Continental is bracing for tough talks with Volkswagen and other carmakers over prices, though it does not expect to take a major hit on its results, finance chief Wolfgang Schaefer said.
Takata sets aside additional $189 million to cover airbag recall costsMon, 02, May 2016
Takata raised provisions for its airbag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety crisis in the industry's history will expand further.
Ito named CEO of Denso International AmericaFri, 29, Apr 2016
Kenichiro Ito has been named CEO of Denso International America as part of several top management changes at the Japanese auto parts supplier, the company said in a press release.
Autoliv sees annual sales growth of 7% after robust Q1 earningsFri, 29, Apr 2016
Autoliv, continuing to generate new business in the wake of the Takata airbag recall crisis, reported a bigger than expected rise in first-quarter earnings and raised its forecast for like-for-like sales this year while affirming its margin outlook.
Visteon reports drop in Q1 net income but gross margin risesThu, 28, Apr 2016
Visteon, the former Ford parts unit that supplies various automotive electronics, on Thursday reported net income of $19 million on revenue of $802 million.
Continental raises margin target after Q1 profit gainFri, 29, Apr 2016
Continental raised its profit margin target for this year after stronger demand for tires and industrial components pushed first-quarter profit and sales higher.