Suppliers

Supplier ThyssenKrupp plans to invest $869 million in N.A. by 2020

11:39 am U.S. ET | April 24, 2015

German industrial group ThyssenKrupp plans to invest more than 800 million euros ($869 million) in North America by 2020 to take advantage of increased auto production....
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Lear Q1 net income, revenue up after Eagle Ottawa acquisition

11:25 am U.S. ET | April 24, 2015

Seating and electronics supplier Lear acquired leather supplier Eagle Ottawa in the first quarter and said that net income during the period increased 20 percent and revenue jumped 3.7 percent from the year earlier....
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Valeo posts quarterly sales gain on Europe, China

April 24, 2015 11:56 CET

Valeo's first-quarter revenue rose 15 percent, lifted by sales growth in Europe and China. The supplier sees vehicle production rising about 3 percent globally in 2015, with the same figure expected in Europe, excluding Russia....
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Haldex first-quarter profit rises 37%

April 24, 2015 11:10 CET

Swedish supplier Haldex said operating profit rose 37 percent in the first quarter to 115 million Swedish crowns (12.2 million euros) as the company repeated its forecast for markets to grow at a slower pace this year....
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Former Hitachi exec sentenced to 15 months in prison after guilty plea for price fixing

5:45 am U.S. ET | April 23, 2015

A former executive with Hitachi Automotive Systems pleaded guilty and was sentenced to 15 months in prison for conspiring to fix prices on a number of automotive parts sold in the United States....
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Goodyear to spend $550 million on tire plant in Mexico, report says

10:54 am U.S. ET | April 23, 2015

Goodyear Tire & Rubber is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter told Reuters, the latest in a string of investment pledges in the country's booming auto sector....
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TRW to sell suspension unit to THK for $400 million

6:46 am U.S. ET | April 22, 2015

TRW Automotive Holdings said it agreed to sell its linkage and suspension business to Tokyo conglomerate THK for $400 million....
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Autoliv predicts more growth after Q1 revenues rise

April 22, 2015 16:05 CET

Autoliv says it expects higher second-quarter sales growth after producing first-quarter earnings above market expectations on the back of strong sales in Europe and lower overall costs....
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Peugeot, IBM agree to develop new connected-car services

8:26 am U.S. ET | April 22, 2015

PSA Peugeot Citroen and IBM are working together to hook cars up to the Internet, going beyond mapping and infotainment to link vehicles up to shops, service networks and urban transport grids, the companies said today....
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Continental will invest 1 billion euros in China, CEO says

April 21, 2015 15:40 CET

Continental plans to invest about 1 billion euros ($1.07 billion) in China over the next five years, CEO Elmar Degenhart said. The company is seeking to boost its share of Asian sales to 30 percent of global turnover by 2020 from a fifth at present....
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NHTSA prepares steps to speed up Takata, Jeep recalls

1:30 pm U.S. ET | April 21, 2015

Federal auto safety regulators want to see more progress on the Takata and Jeep fuel tank recalls, and could take action in the next two weeks to achieve that goal. The steps come amid a broader push by the agency for automakers to take a more proactive stance on safety....
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RICHARD TRUETT

BLOG: With 3-D printing, product development flies

11:00 am U.S. ET | April 21, 2015

3-D printers are dramatically cutting product development costs, allowing engineers and designers to get prototype parts in hours, not weeks....
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TRW plans to open 3 more plants in China

10:08 am U.S. ET | April 21, 2015

TRW Automotive, the safety components supplier being acquired by Germany’s ZF Friedrichshafen, said it plans to open three plants in China this year and next....
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ZF sells bonds to help finance TRW acquisition

2:37 pm U.S. ET | April 20, 2015

ZF raised $2.4 billion with the company's first bond sale in its 100-year history to help pay for its acquisition of automotive safety components supplier TRW Automotive Holdings Corp....
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Phil Martens out as CEO of aluminum supplier Novelis

1:56 pm U.S. ET | April 20, 2015

Top aluminum rolled products maker Novelis announced Monday the surprise departure of CEO Philip Martens -- a former rising star executive at Ford -- who helped the India-owned supplier shift toward the automotive sector....
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PACE Award winners take on the fuel economy challenge

9:15 pm U.S. ET | April 20, 2015

Auto suppliers are responding to automakers' needs for better fuel economy, claiming half of this year's Automotive News PACE Awards with innovations that cut weight or make powertrains more efficient. Fourteen game-changing products and processes from 12 suppliers were honored at a ceremony in Detroit tonight....
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Mahindra will present bid for Pininfarina by April 29, report says

April 20, 2015 14:48 CET

India's Mahindra & Mahindra aims to present a formal offer for Pininfarina in time for the Italian car designer's shareholder meeting on April 29, a report said....
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PACE Award winners to be announced tonight

11:19 am U.S. ET | April 20, 2015

It's showtime for the 2015 PACE Awards. The winners will be announced tonight at a black-tie event at the Max M. Fisher Music Center in Detroit. The 21st annual awards honor innovation in the supplier community....
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JAMES VERRIER, CEO, BORGWARNER

Electrification 'friend,' not threat, to BorgWarner

12:01 am U.S. ET | April 20, 2015

BorgWarner CEO James Verrier, 52, sees electrification of the powertrain as a positive for his company despite the supplier's heavy reliance on parts that electric vehicles don't need....
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RICHARD TRUETT

Self-driving tech building blocks already in place

12:01 am U.S. ET | April 20, 2015

Kathy Winter, Delphi's vice president of advanced engineering and software service, declined to predict when autonomous cars would be ready for the market. But she did say it'll probably be regulatory and insurance issues - not the readiness of the technology - that slows the rollout of autonomous cars....
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High-volume battle of the in-car audio brands

12:01 am U.S. ET | April 20, 2015

On March 26, Bose Corp. said its 34-speaker Panaray system will appear in the 2016 Cadillac CT6 sedan. Five days later, rival Harman International Industries Inc. counterpunched, saying it would pay $154 million to acquire Bang & Olufsen. The dueling announcements threw into sharp relief the different strategies of the two leading companies in branded automotive audio....
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How a resilient small bolt maker survived the recession and started shipping to global markets

12:01 am U.S. ET | April 20, 2015

Many small auto suppliers folded during the recent recession. But Shannon Precision Fastener survived and now is thriving....
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ROGER WOOD, CEO, DANA CORP.

Financially strong Dana on hunt for acquisitions

12:01 am U.S. ET | April 20, 2015

Seven years after Dana Corp. emerged from bankruptcy, the supplier is looking for acquisitions. CEO Roger Wood, 52, says he aims to make some "bolt-on" acquisitions of companies to expand Dana's portfolio of driveline components for light vehicles, commercial trucks and off-highway equipment....
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DANIEL SANDBERG, CEO, BREMBO NORTH AMERICA

Brembo thrives on growing performance market

12:01 am U.S. ET | April 20, 2015

Brembo, the Italian brake manufacturer, is on a roll. The company's global 2014 revenue grew 15 percent to nearly $2.20 billion. But Brembo has plenty of challenges. The company wants to hire more engineers, and automakers are demanding lighter weight parts....
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Japan, U.S. seek deals on auto parts, rice to secure trade pact

1:19 am U.S. ET | April 19, 2015

Japanese and U.S. negotiators will seek to resolve the most contentious issues on auto parts and rice to help the two countries reach a trade pact, Japanese Economy Minister Akira Amari said....
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