Superior Industries net income rises 21% in Q3Thu, 27, Oct 2016
Net income at aluminum wheel supplier Superior Industries International rose 21 percent in the third quarter as a $1.1 million income tax benefit offset a slight decline in sales revenue.
BorgWarner Q3 net income drops on one-time chargesThu, 27, Oct 2016
Turbocharger and emissions systems supplier BorgWarner Inc. reported today a 47 percent decline in third-quarter net profit as one-time costs offset sales gains.
Visteon Q3 net income grows to $28 millionThu, 27, Oct 2016
Automotive electronics supplier Visteon today reported improved third-quarter earnings despite reduced production volumes, with net income rising to $28 million from $5 million last year.
Autoliv Q3 earnings rise 21% as Europe, China offset weak U.S.Thu, 27, Oct 2016
Autoliv reported a 21 percent rise in quarterly earnings as high production levels in Europe and China offset a weaker U.S. market.
Lear Q3 net income rises 18% to $214 millionWed, 26, Oct 2016
Seating and electronics supplier Lear reported an 18 percent rise in third-quarter net income to $214 million as its sales reached new heights.
Spanish supplier Gestamp to invest $158.7 million into Mich. operationsWed, 26, Oct 2016
Gestamp North America Inc. plans to invest $158.7 million into its Michigan operations. The subsidiary of Madrid, Spain-based Gestamp Automoción SL plans to expand its plants in Chelsea, Mich., and Mason, Mich.
Federal-Mogul posts Q3 gains as Icahn offer remains pendingWed, 26, Oct 2016
Federal-Mogul the diversified auto supplier that billionaire investor Carl Icahn is aiming to take private, today said it posted $15 million in third-quarter net income, up from a $63 million loss a year earlier.
Toyota recalls nearly 1.5 million cars in Europe over Takata airbagsWed, 26, Oct 2016
Toyota is recalling about 5.8 million cars worldwide, including 1.47 million in Europe, over potentially faulty airbag inflators made by Takata. The recall includes the Yaris and Corolla.
Apple said to develop car operating system in BlackBerry countryWed, 26, Oct 2016
Apple has dozens of software engineers in Canada building a car operating system, a rare move for a company that often houses research and development projects close to its Cupertino, Calif., headquarters, according to people familiar with the matter.
GM to use IBM's Watson AI software for new OnStar Go serviceWed, 26, Oct 2016
General Motors and International Business Machines Corp. plan to combine IBM's artificial intelligence software Watson with the automaker's OnStar system in order to market services to drivers in their vehicles.
Johnson Controls spinoff Adient to move headquarters from Milwaukee to metro DetroitTue, 25, Oct 2016
Johnson Controls spinoff and soon-to-be new public company Adient is doubling down in the Detroit area. The world's largest automotive seating supplier said it will transition its operational headquarters from Milwaukee to metro Detroit in the coming months.
China's LeEco gets logistics lesson at concept's eventMon, 24, Oct 2016
LeEco unveiled an autonomous electric-vehicle concept called the LeSee Pro at a lavish event in San Francisco last week