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Una desaceleración del volumen no planificado en China, nuevas tarifas internacionales e incluso graves inundaciones en Japón, llevaron a una menor producción de vehículos. Y algunos proveedores sintieron la pizca de una aceleración repentina en el cambio del consumidor de los sedanes a los SUV.
Delphi Technologies reported sharply lower net income for the third quarter, largely due to factors that hit other supplier results, especially an unexpected decline in sales in China.
Worldwide production cuts and the shift away from cars is casting a shadow on some suppliers.
The global automotive technology supplier reported its sales grew 11 percent to $3.5 billion in the third quarter, despite lower production volumes in some of its biggest markets, especially China and Europe.
The supplier said it will be the sole provider of disconnecting all-wheel-drive units on the 2019 Ford Edge crossover, a new feature designed to improve fuel efficiency. Dana's third-quarter sales and profits rose, driven by acquisitions and new contracts.
Auto supplier Visteon reported lower production for its big customers in every major global automotive market, which dragged down the supplier's sales and profits in the third quarter.
Given recent volatility in auto production schedules, trying to predict short-term production volumes is a slippery business right now, said Lear CFO Jeff Vanneste.
BorgWarner expects to continue to outperform the new-vehicle market — partly by ramping up its business in hybrids and electric vehicles — despite growing headwinds.
Many new-vehicle dealers in the Carolinas are grateful that their biggest worry in the aftermath of Hurricane Florence — aside from getting evacuated employees resettled and back on the job — was having enough parts delivered to meet an expected surge in service business.
Sales and profits increased for mirror and electronics supplier Gentex in the third quarter despite new international tariffs, and despite softer-than-expected new vehicle production.
Wells Fargo and Chase Auto remain cautious on auto finance, although Wells Fargo increased auto loan originations last quarter, and Chase Auto Finance has increased lease originations for its private-label customers.
At 13 percent in 2017, employee turnover is strikingly low at Acura Turnersville, a Penske Automotive Group dealership on the outskirts of Philadelphia.
Nissan of Turnersville's general manager, John Fanelli, says he puts a lot of emphasis on rewarding performance and building camaraderie at the dealership.
The lighting segment is hot in part because it is going through a smart technology revolution.
Honeywell's automotive business will spin off next month to turbocharge future powertrains.
Having a Subaru store — and lessons learned in earlier recessions — helped Rick DeSilva navigate the last one.
Boch Automotive stuck to its fat ad budget during the recession in anticipation of the rebound and in keeping with its maverick owner's approach.
GM's new collision repair network, scheduled to launch next year, pushes back on insurers.
Auto lenders continue to dial back on originations, even with customers in the lower categories of prime-risk credit, in response to a gradual uptick in delinquencies.
JCI has given itself until November to decide whether to spin off its battery business, sell it outright or keep it.
GM is warning dealers not to use aftermarket bumpers and fascias to fix vehicles with advanced driver assistance systems.
A legislative effort underway to expand and toughen the Military Lending Act, which regulates loans to military service members on active duty, is drawing pushback from a lender trade group.
General Motors is launching the GM Collision Repair Network next year for qualified dealerships and body shops in the U.S.
General Motors' Customer Care and Aftersales division is launching the GM Collision Repair Network for qualified dealership collision repair facilities and independent body shops in the U.S.
The idea for a mobile vehicle service business came to its founders from a bad trip to a gas station.
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