Suppliers

Mexican supplier Nemak to launch $750 million IPO

11:38 am U.S. ET | June 30, 2015

Nemak SAB's expected $750 million initial public stock offering today marks the first stock offering of a Mexican auto supplier since at least 2000....
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Spanish supplier Ficosa opens third China plant

June 30, 2015 11:32 CET

Spanish supplier Ficosa has opened its third Chinese plant in the city of Shenyang to supply automakers in the north of the country, including BMW....
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DAVE GUILFORD

BLOG: Why Toyota can set the car-tech agenda

1:28 pm U.S. ET | June 29, 2015

Alix Partners assessed the ability of automakers to pay for the cool but expensive technology about to flood into vehicles. Perhaps to no one’s surprise, Toyota was by far the best-positioned....
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Bosch positions for electrification growth

12:01 am U.S. ET | June 29, 2015

German supplier Robert Bosch and Japanese battery partner GS Yuasa are “on a good path” toward developing a lithium ion battery that costs half as much as today's batteries but has twice the energy density, a top Bosch executive said....
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Passing a big rig? Don't sweat it, Samsung says

12:01 am U.S. ET | June 29, 2015

Passing an 18-wheeler on a two-lane road is pretty harrowing. Now, Samsung has created a system that could take some of the guesswork out of overtaking large trucks....
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Gestamp along for VW's expansion ride in N. America

12:01 am U.S. ET | June 29, 2015

Gestamp Automocion announced plans last week to expand its stamping plant in Chattanooga to produce body panels, hot-stamped steel parts and chassis components for Volkswagen's new midsize SUV, which will enter production in 2016. Gestamp's $180 million expansion will add 510 jobs and triple production in Chattanooga. It also will give Gestamp a new North American product line - chassis components - to supplement its production of body panels and hot-stamped parts....
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Mahindra's offer for Pininfarina rejected by creditors, paper says

June 27, 2015 18:11 CET

An offer by India's Mahindra & Mahindra to take over Pininfarina has fallen through due to opposition from some of the Italian car design company's creditor banks, an Italian newspaper said....
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Honda restates earnings after airbag recall costs increase

6:29 am U.S. ET | June 26, 2015

Honda restated its financial results for the fiscal year ended in March, to account for additional costs to cover an expanded recall of cars equipped with Takata airbags....
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Takata cuts CEO's pay in wake of airbag crisis

6:57 am U.S. ET | June 26, 2015

Takata CEO Shigehisa Takada earned less than 100 million yen ($810,373) in the business year ended in March, or less than half of the 206 million yen ($1.67 million) he took home in the previous year, a regulatory filing showed today....
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Continental begins construction of brake factory in China

June 26, 2015 06:15 CET

Continental began construction of a factory in Chongqing in southwest China to supply brakes to automakers operating in the area....
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Delphi, Google deny report saying self-driving cars nearly collided

10:00 pm U.S. ET | June 25, 2015

Delphi Automotive and Google denied a report by Reuters that their self-driving prototype cars had a close call on a Silicon Valley street earlier this week....
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Takata president makes public apology for airbag deaths

6:17 am U.S. ET | June 25, 2015

Takata President Shigehisa Takada made a public apology for the eight deaths and hundreds of injuries related to the company's airbags dating back more than a decade. Takada, 49, bowed and apologized at a press briefing in Tokyo after the company's annual shareholders meeting today....
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Toyota expands airbag recall to Europe

June 25, 2015 08:56 CET

Toyota is expanding a recall previously issued in North America to the rest of the world to replace potentially deadly airbag inflators made by Takata. Toyota said it would recall another 2.86 million vehicles, including 1.7 million in Europe, 360,000 in Japan and 190,000 in China....
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ZF to invest $71M in Mich. tech center

3:54 pm U.S. ET | June 24, 2015

German auto supplier ZF Friedrichshafen AG plans to spend more than $71 million and add 571 jobs by expanding its technical center in suburban Detroit....
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German cartel office fines suppliers 75 million euros for price fixing

June 24, 2015 10:48 CET

Germany's cartel office has imposed about 75 million euros ($84.12 million) of fines on five automotive suppliers for price fixing....
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Senator calls for compensation fund for Takata airbag injury victims

10:00 am U.S. ET | June 23, 2015

An influential U.S. senator today called for troubled supplier Takata to establish a fund to compensate victims injured or killed by its ruptured airbags. Richard Blumenthal, D-Conn., pressed Kevin Kennedy, executive vice president for Takata's North American affiliate, to establish a fund similar to the one created by GM last year....
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VW supplier Gestamp to expand stamping line in Tenn. for new SUV

10:30 am U.S. ET | June 23, 2015

Gestamp Automocion, a Spanish supplier to Volkswagen AG, said it plans to expand its stamping plant in Chattanooga to produce body panels for VW's new midsize SUV....
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Denso sees 15-year wait for self-driving car

3:30 pm U.S. ET | June 23, 2015

The technology to make cars fully autonomous probably won't be established until at least 2030, according to Toyota's largest supplier....
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Buick, GMC start adding Apple CarPlay, Android Auto

11:07 am U.S. ET | June 23, 2015

General Motors is adding Apple CarPlay and Android Auto to some Buick and GMC models, another step in the rollout of the smartphone-like interfaces across GM's portfolio....
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JAY RAMEY

BLOG: Removing the fear when passing a big rig

11:45 am U.S. ET | June 23, 2015

Samsung has created a system that could take the guesswork out of passing large trucks that one cannot see around....
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AvtoVAZ chief Andersson in struggle with Soviet-era suppliers

June 23, 2015 13:23 CET

AvtoVAZ Chairman Bo Andersson is fighting back against Russian suppliers he says are hindering his efforts to improve quality and cut purchasing costs at Lada, the country's best-selling car brand. AvtoVAZ resumed production today at its plant in Togliatti after output was suspended because of problems with the supply of parts....
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Tech race will strain automakers, report says

12:01 am U.S. ET | June 23, 2015

Automakers face enormous pressure on profit margins as technology and connectivity demands grow and car sales slow in markets such as the U.S. and China, according to a report by consultancy AlixPartners....
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NHTSA, blasted in audit, vows to reform early-warning system

1:27 pm U.S. ET | June 22, 2015

The National Highway Traffic Safety Administration said it will tighten its early-warning reporting requirements by next June as part of sweeping changes it has agreed to make following a blistering audit by the U.S. Transportation Department's Office of Inspector General....
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Visteon affirms software shift

12:01 am U.S. ET | June 22, 2015

Now that Sachin Lawande has been named CEO of Visteon Corp., effective next week, his to-do list can be boiled down to one word: software. When Visteon was spun off from Ford Motor Co. 15 years ago, the company was a traditional metal-bending conglomerate. Now, Visteon specializes in cockpit electronics....
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Continental says it's 'working heavily' on electrified turbo

12:01 am U.S. ET | June 22, 2015

Continental AG is working on an electrified turbocharger to compete with a similar unit made by France's Valeo that is scheduled to debut on an Audi next year....
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