SuppliersContinental kept in the dark over Schaeffler's decision to end investment agreementMay 15, 2013 14:35 CET  Continental said it was kept in the dark about the decision of Schaeffler to quit a five-year-old investment accord. Analysts suspect the accord's scrapping may be a prelude to Schaeffler restructuring Continental or reducing its stake.... Read More »
Survey: Consumers are ready for new tech ideas in cars 10:29 am U.S. ET | May 15, 2013 A new survey about what vehicle consumers want and don't want suggests that the auto industry is lagging consumers when it comes to technology ideas.... Read More »
Autoliv targets revenue gains of 5% on China, U.S. demandMay 14, 2013 10:19 CET  Swedish supplier Autoliv is targeting annual revenue growth of 5 percent or more in the next five years based on an increase in Chinese and U.S. car sales.... Read More »
Chrysler's crash course cuts waste 12:01 am U.S. ET | May 13, 2013  Dakkota Systems' instrument panel factory is joined at the hip to Chrysler's Windsor minivan assembly plant. So as Chrysler works to wring costs out of its entire manufacturing operations, it's only natural for the company to examine its key suppliers. And the Dakkota plant here is the first guinea pig in a major experiment.... Read More »
Schaeffler to end Continental accord as merger project wanesMay 13, 2013 21:46 CET  Schaeffler, the largest investor in tire and components supplier Continental, plans to end an agreement between the two German companies as it continues to dismantle a plan for a gradual merger.... Read More »
Schaeffler to end Continental accord as merger project wanes 3:46 pm U.S. ET | May 13, 2013  Schaeffler, the largest investor in tire and components supplier Continental, plans to end an agreement between the two German companies as it continues to dismantle a plan for a gradual merger.... Read More »
Progress in supplier relations stalls 12:01 am U.S. ET | May 13, 2013  Automakers in North America failed to make progress in improving relations with suppliers over the past year, an annual study says.... Read More »
Magna hikes full-year forecast on strong Q1 profitMay 13, 2013 06:01 CET  Magna International has hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter.... Read More »
New needs, more speeds 12:01 am U.S. ET | May 13, 2013  In March, luxury maker Land Rover proudly told an audience at the Geneva auto show that it would soon bring to market the industry's first nine-speed transmission. One month later, Ford Motor Co. and General Motors announced that they would jointly develop 10-speeds. Can 12-speeds really be that far behind? And why not a 24-speed?... Read More »
Audi to suppliers: Come to Mexico 12:01 am U.S. ET | May 13, 2013 Audi AG brought more than 100 supplier executives to Mexico in early May, wooing them with a ride through the countryside that left their matching white Q5 crossovers splotched with mud. And the courtship came with a firm message: If you want to supply the next Q5, consider setting up shop in Mexico.... Read More »
Analysts: Used-pickup prices keep truckin' 12:01 am U.S. ET | May 13, 2013  Used-vehicle prices have peaked for 2013 and are expected to stabilize lower than in 2011 and 2012, but higher than before the recession, analysts say. They also say that strong demand for full-sized pickups will buoy prices in that segment.... Read More »
Honeywell chooses Hahn to head auto divisionMay 10, 2013 12:53 CET  Honeywell has named Terrence Hahn president and CEO of its Transportation Systems division, which is a leading maker of turbocharges that counts on Europe for more than half its sales. He starts May 20.... Read More »
Airbag supplier Takata names first foreign presidentMay 10, 2013 19:25 CET  Japan's Takata, reeling from its role in a global airbag recall, said today it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post.... Read More »
Magna stock hits record high as Q1 profits improve, forecast rises 9:56 am U.S. ET | May 10, 2013  Magna International shares hit a record high today as the Canadian supplier hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter.... Read More »
Penske raises dividend 7% 3:52 pm U.S. ET | May 10, 2013  Penske Automotive Group increased its quarterly dividend by 7 percent, to 15 cents per share, for the first quarter, the company announced today.... Read More »
NLRB likely to certify UAW to represent Flex-N-Gate workers at Texas plant 3:48 pm U.S. ET | May 10, 2013 The National Labor Relations Board likely will issue a certification today confirming the UAW as bargaining representative for hourly workers at a Flex-N-Gate Corp. plant in Arlington, Texas.... Read More »
Airbag supplier Takata names first foreign president 1:25 pm U.S. ET | May 10, 2013  Japan's Takata, reeling from its role in a global airbag recall, said today it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post.... Read More »
Longtime supplier exec McClure out as Meritor CEOMay 10, 2013 06:01 CET  Longtime auto supplier executive Charles "Chip" McClure has departed as chairman, CEO and president of commercial truck supplier Meritor.... Read More »
Bosch launches residential EV charger in U.S. for under $450May 10, 2013 06:01 CET  A unit of German supplier Robert Bosch GmbH said it will begin selling an electric-vehicle residential charging station in the United States for a retail price below $450.... Read More »
Visteon reports $69 million profit for first quarterMay 10, 2013 06:01 CET  Visteon, the restructured electronics and climate controls supplier, reported major gains in first-quarter profits and revenue on higher vehicle production in Asia and North America.... Read More »
Bosch launches residential EV charger for under $450 4:52 pm U.S. ET | May 9, 2013  A unit of German supplier Robert Bosch GmbH said it will begin selling an electric-vehicle residential charging station for a retail price below $450.... Read More »
Visteon reports $69 million profit for first quarter 9:00 am U.S. ET | May 9, 2013  Visteon, the restructured electronics and climate controls supplier, reported major gains in first-quarter profits and revenue on higher vehicle production in Asia and North America.... Read More »
Microsoft wants to become key player in auto softwareMay 9, 2013 06:01 CET  Having reshaped a big piece of the world's economy around its Windows software, Microsoft now wants to do the same thing in the car business. What the Seattle giant sees there says as much about the future of cars as it does about itself.... Read More »
Tesla shares surge 24% after 1st quarterly profit 5:21 pm U.S. ET | May 8, 2013  Tesla shares surged 24 percent today after the company posted its first quarterly profit in its 10-year history, driven by sales of the battery-powered Model S sedan.... Read More »
BMW recalls 220,000 vehicles in Takata airbag issueMay 7, 2013 15:54 CET  BMW said it is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 as part of a wider recall affecting airbags made by supplier Takata.... Read More »
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