Suppliers

NHTSA steps up inquiry into defective Takata airbags

7:39 pm U.S. ET | Oct. 29, 2014
More than 18 months after Honda and other automakers announced recalls to fix exploding airbags, U.S. regulators are now asking the companies to speed up repairs.In letters today to 10 automakers, the National Highway Traffic Safety Administration asked for details about how the companies are reaching nearly 8 million affected consumers and what is being done for people who are afraid to drive their cars....
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Q&A

BorgWarner's Verrier expects supplier to thrive despite increased competition

11:18 am U.S. ET | Oct. 28, 2014
James Verrier, BorgWarner Inc. CEO since January 2013, is working to double the size of the giant supplier from $7.5 billion in revenue to $15 billion by 2022....
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TRW's revenue slips 1%, net income falls 4% in Q3

11:02 am U.S. ET | Oct. 28, 2014
Automotive safety technology supplier TRW Automotive Holdings, preparing for its $13.5 billion acquisition by ZF Friedrichshafen, today said its third-quarter revenue dropped 1 percent to $4.16 billion from a year earlier, while net income fell 4 percent....
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Takata knew of airbag defects as early as 2001, lawsuits allege

9:51 am U.S. ET | Oct. 28, 2014
Takata knew at least as early as 2001 of manufacturing defects that could lead its airbags to explode, U.S. drivers claimed in lawsuits....
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More airbag recalls could test automakers' Takata ties

8:29 pm U.S. ET | Oct. 27, 2014
Japan's Takata, whose potentially defective car airbags have been linked to four deaths in the United States, is unlikely to be dumped by its automaker customers given the cost and disruption of such a move -- for now....
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Continental eyes acquisition to reduce dependence on auto unit, report says

Oct. 27, 2014 15:37 CET
Continental is said to be looking for an acquisition in the industrial sector as it seeks to boost its proportion of industrial sales to 40 percent from close to 30 percent now to reduce its dependence on volatile car markets....
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'No other supplier other than Takata has used this ammonium nitrate'

7:30 am U.S. ET | Oct. 27, 2014
The emerging crisis over airbags traces back to a little-known Japanese company that for over 20 years has supplied the safety devices to automakers including Toyota, Honda and GM....
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Takata to form quality control committeee; CEO apologizes for airbag crisis

6:30 am U.S. ET | Oct. 27, 2014
Takata said it will form a global quality control committee in response to an auto-safety crisis created by flaws in its airbags. The company's CEO also issued an apology....
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Takata warnings intensify

12:01 am U.S. ET | Oct. 27, 2014
Takata has wrestled with airbag defects for several years, but the issue drew increased attention in the spring and gained urgency last week, after tests showed a higher risk of failure than previously believed....
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SHAREHOLDER VALUE REPORT

A sobering quarter for auto shareholders

12:01 am U.S. ET | Oct. 27, 2014
It was a tough third quarter for auto industry investors as falling international and softening U.S. financial markets depressed shareholder value for companies that build, supply or retail vehicles. Values fell for all three categories of public companies in the Automotive News/PwC Shareholder Value Index during the July-September period....
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KEITH CRAIN

The recall process must change

12:01 am U.S. ET | Oct. 27, 2014
We have had two cases involving defective parts so bad that one potential solution has been for owners to park their cars. That is indeed a drastic remedy. We have to figure out a better way of handling recalls....
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NHTSA back in cross hairs as airbag crisis escalates

12:01 am U.S. ET | Oct. 26, 2014
For the second time this year, a long-standing defect linked to deaths and injuries has triggered a mushrooming auto-safety crisis, lending more fuel to criticism that federal regulators haven't done enough to protect consumers from such dangers. Perhaps more unnerving to those consumers, the problem doesn't yet appear to be contained....
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NHTSA to brief House committee on Takata airbag recalls

1:37 pm U.S. ET | Oct. 24, 2014
The National Highway Traffic Safety Administration will brief members of the House Energy and Commerce Committee next week on the agency's investigation and recalls of Takata airbags....
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Takata's airbag crisis may spur automaker shift to Autoliv, Daicel

Oct. 24, 2014 11:49 CET
The defect in Takata Corp. airbags that has led to millions of recalls and has been linked to four deaths in Honda cars opens the supplier to risk of losing business to rivals including Autoliv and Daicel....
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NHTSA in line for cultural overhaul after airbag meltdown

2:04 pm U.S. ET | Oct. 24, 2014
The agency that botched a campaign to publicize a potentially lethal Takata airbag defect affecting 7.8 million U.S. cars is reviewing its safety culture, according to a senior Obama administration official....
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Lear says Q3 profit rises 24% as global production grows

7:46 am U.S. ET | Oct. 24, 2014
Lear, which supplies auto seats and electrical power systems, today reported a 24 percent rise in quarterly profit, helped by a rise in global vehicle production....
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Autoliv lowers sales outlook but says Takata woes are helping its business

Oct. 23, 2014 16:55 CET
Autoliv posted a surprise fall in third quarter earnings and lowered its outlook for 2014 sales growth while saying it has seen positive effects on its business in the wake of recent issues with Japanese parts maker Takata's air bags....
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Dana Q3 net income leaps to $90 million

3:52 pm U.S. ET | Oct. 23, 2014
Powertrain component supplier Dana reported net income of $90 million for the third quarter, a 32 percent improvement from the $68 million in the same period a year earlier....
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Federal-Mogul posts Q3 loss on restructuring costs; revenue up 11%

8:38 am U.S. ET | Oct. 22, 2014
Federal-Mogul reported a third-quarter net loss Wednesday because of restructuring and relocation costs....
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Delphi explores sale of thermal unit for as much as $1 billion, report says

1:25 pm U.S. ET | Oct. 22, 2014
Delphi Automotive, the former parts unit of General Motors, is exploring a sale of a business that makes heating and cooling systems for cars, and will seek as much as $1 billion for the unit, people with knowledge of the matter told Bloomberg....
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NHTSA apologizes as scrutiny in airbag case grows

10:22 pm U.S. ET | Oct. 22, 2014
The National Highway Traffic Safety Administration’s top official, facing heightened scrutiny over the agency’s handling of a deadly airbag defect, apologized late Wednesday for publishing inaccurate information this week in the agency’s warnings about the defect and for technical glitches that made its online recall search tool largely inaccessible....
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U.S. prosecutors probe Takata over recalls

6:00 pm U.S. ET | Oct. 22, 2014
The recall of some 7.8 million vehicles with faulty Takata airbags that may explode attracted additional federal scrutiny Wednesday, with prosecutors launching a probe into the Japanese supplier and a U.S. House oversight committee calling for a review of the recalls....
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List of 7.8 million vehicles involved in the Takata airbag recalls

6:50 am U.S. ET | Oct. 22, 2014
Owners of the following vehicles are being urged to act immediately on recalls involving potentially defective airbags made by Takata, according to a corrected list distributed late Tuesday by the National Highway Traffic Safety Administration....
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Gentex reports 30% surge in Q3 net income

1:46 pm U.S. ET | Oct. 22, 2014
Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent....
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Valeo's third-quarter sales rise 10% on fuel-saving technologies

Oct. 22, 2014 15:00 CET
French supplier Valeo said third-quarter sales rose 10 percent to 3.06 billion euros ($3.9 billion), boosted by demand for its fuel-saving technologies....
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Track, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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