Suppliers

Frustrated senators blast Takata, signal more safety legislation

12:01 am U.S. ET | Nov. 23, 2014
Senators' frustration with what they see as an inconsistent and disorganized response to the Takata airbag recall crisis boiled over last week, signaling a push for more auto safety regulations....
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ZF CEO: We're not chasing 10-speeds

12:01 am U.S. ET | Nov. 23, 2014
ZF Friedrichshafen AG will not follow rivals in pushing for 10-speed transmissions. the German supplier will stop at 9-speed transmissions, says CEO Stefan Sommer....
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PHILIP NUSSEL

Automakers can stop supplier price-fixing now, but will they?

12:01 am U.S. ET | Nov. 22, 2014
Auto supplier price-fixing is a global criminal epidemic that stifles fair competition, inflates the cost of components for automakers, erodes investor confidence and rips off the customer. The auto industry can make it all stop right now, but will they?...
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Honda in talks with other suppliers for Takata airbag fix, report says

7:45 am U.S. ET | Nov. 22, 2014
Honda is in talks with two airbag suppliers to help it stock replacement parts for defective Takata Corp. airbags, The Wall Street Journal reported on Friday, citing people aware of the planning....
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Takata exec warns about ability to fix deadly airbag flaw

6:46 am U.S. ET | Nov. 21, 2014
An executive from Japan's Takata told lawmakers on Thursday the supplier is urgently trying to ramp up replacement parts for millions of vehicles fitted with potentially deadly airbags, but said it may not be able to move quickly enough....
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Wilbur Ross steps down as chairman of IAC to take bank board spot

4:14 pm U.S. ET | Nov. 21, 2014
Wilbur Ross, the billionaire turnaround artist who launched International Components Group in 2006, is stepping down as IAC’s board chairman to take a senior position at the Bank of Cyprus....
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Hertz hires airline veteran Tague to revive company

12:12 pm U.S. ET | Nov. 21, 2014
Hertz Global Holdings named John Tague as its new CEO, appointing the manager credited with boosting sales at United Airlines to restore investors' confidence in the car-rental company plagued by an aging fleet and sloppy accounting....
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HANS GREIMEL

Japan's fugitive execs have called DOJ's bluff

9:56 am U.S. ET | Nov. 21, 2014
Are the fugitive Japanese businessmen indicted for alleged price fixing calling the U.S. government's bluff?...
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German builder of crash-test facilities forms China unit

Nov. 21, 2014 06:01 CET
Messring, a German manufacturer of crash-test facilities, has established a wholly owned Chinese subsidiary. The company has built 10 crash-test facilities in China over the past decade....
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Honda admits failures in Takata airbag fiasco

2:36 pm U.S. ET | Nov. 20, 2014
A Honda executive told Congress today that the company failed to properly notify federal regulators of some crashes in which airbags made by Takata exploded and to clearly warn customers of the danger some vehicles could pose. He also acknowledged that the automaker still doesn't know for sure the extent of the problem but said it is working to find out and to make repairs as quickly as possible....
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Schaeffler posts 36% jump in Q3 profit on car demand rebound in Europe

Nov. 20, 2014 15:12 CET
Schaeffler said profit rose 36 percent in the third quarter because of recovering car demand in Europe and growth in China. The supplier has lowered debt to 5.77 billion euros from more than 10 billion euros when its bid for Continental backfired....
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Millions of cars need airbag fix as Senate grills auto industry

6:37 am U.S. ET | Nov. 20, 2014
The world's biggest automakers have fixed a fraction of almost 8 million cars recalled for Takata airbags, providing fuel for a Senate committee the grilled industry executives today for their handling of the crisis....
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U.S. lawmakers plan bill to encourage auto employees to report faulty parts

10:25 am U.S. ET | Nov. 20, 2014
Two US senators plan to introduce legislation today to encourage employees in the auto industry to report information on faulty parts to federal authorities, a spokeswoman for one of the lawmakers said....
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NHTSA's decision to decline Takata documents spurs criticism

10:53 am U.S. ET | Nov. 20, 2014
Five months after an exploding airbag killed a Virginia woman on Christmas Eve of 2009, the manufacturer offered the National Highway Traffic Safety Administration additional documents, but the agency said it was unnecessary because it has just closed its investigation....
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REUTERS SPECIAL REPORT

Takata airbag plant in Mexico with troubled past at center of probe

9:07 am U.S. ET | Nov. 20, 2014
Takata's plant in Ciudad Frontera, Mexico, has been confirmed as the source of defective airbags made in 2001 and 2002 and again around 2012, Reuters reported today, citing information from recall records, automakers and regulators. In 2006, the factory blew up -- driving home for workers and residents the volatility and risk of the explosive compound at the core of Takata's airbags....
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Mobileye, maker of collision-avoidance tech, reports 70% revenue hike for Q3

3:06 pm U.S. ET | Nov. 20, 2014
Mobileye, which produces collision-avoidance technology, reported a 70 percent rise in revenue but posted a net loss for the third quarter....
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DAVE GUILFORD

Ghosn sets the record straight on price-fixing conspiracy

12:53 pm U.S. ET | Nov. 20, 2014
In our package of stories on supplier price-fixing published Monday, one report said Carlos Ghosn inadvertently created the bid-rigging tradition. It was an intriguing scenario. But Carlos Ghosn begs to differ....
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NEAL BOUDETTE

Apple's CarPlay goes missing in L.A. and in the showroom

11:09 am U.S. ET | Nov. 20, 2014
Tech giants Apple and Google have generated a lot of hype over the past 12 months over their plans to tightly integrate their smartphones and app technology with in-car infotainment systems....
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TRW shareholders approve $13.5 billion takeover by ZF

7:21 am U.S. ET | Nov. 20, 2014
TRW Automotive shareholders today approved a $13.5 billion takeover offer by Germany's ZF Friedrichshafen, the companies said, paving the way for a new global automotive supply powerhouse to rival Robert Bosch....
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Airbag angst preceded U.S. demand for nationwide Takata recall

2:36 pm U.S. ET | Nov. 19, 2014
Consumer worries about the safety of their airbags played a key role in why federal regulators now are demanding that carmakers recall cars with Takata airbags nationwide -- even at the potential risk of endangering drivers who most urgently need replacements....
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Chinese supplier to hire 176, open plant near Detroit

2:52 pm U.S. ET | Nov. 19, 2014
Chinese automotive electronics component supplier Shanghai SIIC Transportation Electric is establishing its first North American operation near Detroit to supply General Motors....
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Ford, GM business seen buoying Takata as U.S. probes airbags

6:44 am U.S. ET | Nov. 19, 2014
Carmakers continue to support Takata even as the Japanese supplier suffers widening scrutiny by United States regulators over airbags blamed for at least five deaths. Ford, Honda and GM have worked with Takata on new car features over so many years that it would be difficult, if not impossible, to quickly move to alternative supplier....
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Toyota's Lentz says more replacement inflators coming next month

6:37 am U.S. ET | Nov. 19, 2014
Toyota, seeking to speed up progress on a recall begun in 2013, is anticipating a greater supply of inflators for Takata airbags being replaced in millions of cars....
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Takata faces nationwide recall order for driver's-side airbags

5:30 pm U.S. ET | Nov. 18, 2014
Federal safety regulators are seeking to expand regional recalls of faulty driver's-side airbags made by Takata into a nationwide campaign, prompting the supplier to warn of potential parts shortages....
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Honda owners can request new airbags even if their cars weren't recalled

12:35 pm U.S. ET | Nov. 18, 2014
After recalling millions of vehicles over potentially life-threatening Takata airbag inflators, Honda said it will replace airbags, as appropriate, for concerned customers who were not subject to the recall....
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How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
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