Suppliers

Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET

Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies....
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NEWS ANALYSIS

Chasing profits, JCI jumps out of seats

12:01 am U.S. ET | July 27, 2015

Johnson Controls' spinoff of its $22 billion seats-and-interiors unit, announced last week, underlines an uncomfortable truth for suppliers: Sometimes it's not enough to be No. 1. Seats don't generate the profits that they once did, and that's due to a new trend in purchasing....
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Driverless driving induces a range of anxiety on road

12:01 am U.S. ET | July 27, 2015

When Delphi engineers undertook a nine-day, 3,400-mile journey from San Francisco to New York in a driverless research vehicle in March, they got some interesting reactions from other motorists....
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SHAREHOLDER VALUE REPORT

Retailers, suppliers pace 2nd-quarter shareholder returns

12:01 am U.S. ET | July 27, 2015

Shareholder returns among global automakers in the second quarter drooped in a down global economy, but U.S. publicly owned retailers and global suppliers handily outperformed most indexes....
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BRADFORD WERNLE

Autonomous vehicle explosion brings challenges

12:01 am U.S. ET | July 27, 2015

Conundrum is defined by Webster's New World College Dictionary as a puzzling question or problem. The exploding autonomous vehicle phenomenon is presenting the automobile industry with a thicket of conundrums....
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J FERRON

Thinking outside the customers' box

12:01 am U.S. ET | July 27, 2015

Innovation drives the automotive industry. But what drives innovation? I get that question all the time in the Automotive News PACE Awards Program, now in its 22nd year, where independent judges study companies that commercialize innovative products and processes. How companies innovate is only the starting point. More important is understanding why they risk capital and resources....
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Mercedes revamps supply chain to trim costs

12:01 am U.S. ET | July 27, 2015

Mercedes-Benz aims to reduce its logistics costs by about 20 percent per vehicle as the company invests hundreds of millions of euros in a global reorganization of its supply chain network. The automaker has increased production outside of its German home over the past decade but many of the components used in its cars are still sourced from Europe....
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Fiat Chrysler recalls 1.4 million vehicles to install anti-hacking software

11:30 am U.S. ET | July 24, 2015

Fiat Chrysler is recalling 1.4 million vehicles to close a software loophole that allowed hackers to remotely take control of a 2014 Jeep Cherokee. The company previously only advised owners to download a software patch or take their vehicle to a dealer to have it installed....
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JCI plans spin-off of auto seating, interiors units

9:30 am U.S. ET | July 24, 2015

Johnson Controls plans to spin off its automotive seating and interiors businesses, which will operate as an independent, publicly traded company. Bruce McDonald, currently JCI's vice chairman and executive vice president, will become chairman and CEO of the new company....
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Hot wheels: Blue-green, deep red, sparking gold on horizon

3:30 pm U.S. ET | July 24, 2015

Cars and trucks of the future will sport deep reds, sparkling golds, bright silvers, rich blues and deep blue-greens, trend spotters at supplier BASF's automotive coatings divisions predict....
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Tenneco Q2 profits fall 3.7%

11:00 am U.S. ET | July 24, 2015

Tenneco’s second-quarter profits dipped 3.7 percent to $78 million from the year-earlier period. Revenue, adjusted for the unfavorable impact of currency exchange rates, increased 3 percent to $2.31 billion....
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JCI profit rises on improved margins

10:20 am U.S. ET | July 24, 2015

Johnson Controls, the largest U.S. auto parts supplier, reported higher quarterly net profit on fatter margins across the company's main three business segments....
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Faurecia accelerates margin target as first-half earnings surge

July 24, 2015 10:47 CET

Faurecia's first-half earnings surged 40 percent as sales growth outpaced auto-market expansion in Europe and North America. The supplier now plans to reach an operating margin of 4.5 percent to 5 percent in the second half rather than in 2016....
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Honda's freshened Accord gets new smartphone, safety tech for 2016

5:37 pm U.S. ET | July 23, 2015

Honda unveiled a midlife update for its midsize Accord, a lightly freshened model that will play nice with both Apple CarPlay and Android Auto. The 2016 Accord sedan and coupe will also offer the Honda Sensing suite of autonomous safety features....
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Gentex Q2 profits slip; revenue rises on higher mirror shipments

3:14 pm U.S. ET | July 23, 2015

Second-quarter profits at Gentex, a mirror, camera and electronic component supplier, dipped 2.8 percent to $74.5 million compared with the year-earlier period....
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Zetsche says hacking concerns drive Mercedes bid for Nokia maps unit

July 23, 2015 12:17 CET

Daimler CEO Dieter Zetsche said a desire to have better control over data security is one of the reasons Mercedes is part of a German car-making consortium bidding for Nokia's high-definition mapping business....
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New Aisin Seiki boss pressures supplier to compete

6:33 am U.S. ET | July 22, 2015

A former Toyota executive is telling the carmaker's second-biggest supplier to raise its game across its auto parts businesses or risk being benched....
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New Aisin Seiki boss pressures supplier to compete

July 22, 2015 10:58 CET

A former Toyota executive, Yasumori Ihara, is telling Aisin Seiki, the carmaker's second-biggest supplier. to raise its game across its auto-parts businesses or risk falling behind....
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TomTom, Bosch step up joint effort to gain ground in car maps race

8:13 am U.S. ET | July 21, 2015

Dutch mapmaker TomTom has deepened its partnership in high-definition mapping with German auto supplier Robert Bosch to refine the technology crucial for autonomous driving....
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Nokia nears agreement with BMW, Audi, Mercedes on maps unit, report says

July 21, 2015 12:55 CET

Nokia is nearing an agreement to sell its maps business to BMW, Audi and Mercedes, with a decision possible as early as next week, sources said....
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VW will set up new truck business headquarters

July 21, 2015 12:14 CET

Volkswagen plans to set up its new truck business near its headquarters in Wolfsburg, Germany. The carmaker aims to build a heavy goods vehicle operation capable of taking on rivals Daimler and Volvo....
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Faurecia explores sale of bumpers unit, report says

July 21, 2015 10:26 CET

Faurecia is exploring a sale of its bumpers business, sources said, as the supplier seeks to free up resources to fund expansion in China. The unit may fetch as much as $450 million, the sources said...
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Betts, ex-Chrysler quality chief, joins Apple

9:43 pm U.S. ET | July 20, 2015

Doug Betts, the former head of global quality at Fiat Chrysler Automobiles and an expert in auto manufacturing, has joined Apple, according to the auto industry veteran's LinkedIn profile....
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For Bosch, sensors make sense

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

To understand the future of the high-tech automobile, check out the $1.1 billion “clean plant” built here in 2010 by Robert Bosch GmbH. The plant produces pressure sensors, accelerometers and gyroscopes that feed data to the computer chips that control a vehicle's engine, stability control system, air bags and other key functions....
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2 deal makers take charge at suppliers

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

Deal makers Kamsickas and Miller take charge of 2 major suppliers, Dana and IAC....
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