Suppliers

TI Automotive to be acquired by Bain for $2.4 billion, report says

8:36 am U.S. ET | Jan. 27, 2015
Global fuel systems supplier TI Automotive, after months of wrangling and speculation, said today it has agreed to be acquired by private equity firm Bain Capital LLC. The deal is valued at $2.4 billion, sources told Bloomberg....
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EJECTING CD PLAYERS

Hyundai's new infotainment strategy: Leveraging smartphone apps

12:01 am U.S. ET | Jan. 26, 2015
Over the next few years, Hyundai plans to remove CD players from mainstream cars such as the Elantra and Sonata as it rolls out an infotainment system called Display Audio that's built around Apple's CarPlay and Google's Android Auto interfaces....
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Dana sells Venezuelan unit amid exchange rate trouble

4:05 pm U.S. ET | Jan. 26, 2015
As Venezuela’s automotive industry continues to falter amid exchange rate problems, powertrain supplier Dana Holding today said that it has sold its Venezuelan unit, CA Danaven....
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Suppliers dream up future innovations. Will automakers bite?

12:01 am U.S. ET | Jan. 26, 2015
Suppliers try to look over the horizon and craft new features and equipment for autos....
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EDITORIAL

Be bold, spend big -- and don't go overboard

12:01 am U.S. ET | Jan. 26, 2015
Dealers, automakers and suppliers enter the new year on an investment kick....
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TIM LEULIETTE, CEO, VISTEON CORP.

Visteon zeros in on 1 segment: The connected car

12:01 am U.S. ET | Jan. 26, 2015
With Visteon Corp.'s announcement last month that it would sell its division that produces heating, ventilation and air conditioning systems, the supplier is concentrating on one product segment: cockpit information systems....
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PHIL MARTENS, CEO, NOVELIS

Game on with steel, says aluminum supplier Novelis

12:01 am U.S. ET | Jan. 26, 2015
Phil Martens, CEO of aluminum giant Novelis, knows both sides of the auto metals business....
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STEFAN SOMMER, CEO, ZF FRIEDRICHSHAFEN

With TRW, ZF can offer advanced driverless tech

12:01 am U.S. ET | Jan. 26, 2015
ZF Friedrichshafen AG's acquisition of TRW Automotive will make it a key player in collision avoidance and driverless cars....
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Exec: Enterprise holds steady on program cars

12:01 am U.S. ET | Jan. 26, 2015
Unlike its two closest competitors, Hertz Corp. and Avis Budget Group Inc., Enterprise Holdings is not increasing the percentage of its 2015 fleet filled by program cars, vehicles for which the automaker takes responsibility for remarketing, said the executive in charge of the company's vehicle acquisitions....
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GM's got no beef with suppliers' dough

12:01 am U.S. ET | Jan. 26, 2015
If Fiat Chrysler CEO Sergio Marchionne is looking for an ally to wring price concessions from suppliers, he won't find one in Steve Kiefer, General Motors' new head of purchasing....
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Maps to track every bump in the road

12:01 am U.S. ET | Jan. 26, 2015
Navigation maps that display roads and highways accurately to within 20 centimeters could be available as early as 2017....
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ZF chief: TRW to keep its own identity -- for now

12:01 am U.S. ET | Jan. 26, 2015
TRW Automotive Holdings will remain a stand-alone company for at least three to five years after the completion of its merger this spring with ZF Friedrichshafen AG....
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BEST PRACTICES

Chevy store redo goes above and beyond

12:01 am U.S. ET | Jan. 26, 2015
Keith McCluskey put on steroids the Apple Inc.-like approach that many dealers are using to modernize their customers' experience....
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EU regulators to rule on ZF's bid for TRW by Feb. 26

Jan. 23, 2015 15:09 CET
EU antitrust authorities will decide by Feb. 26 whether to approve German supplier ZF Friedrichshafen's $13.5 billion bid for U.S. rival TRW Automotive....
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Saab parts sales thrive without showrooms

2:00 pm U.S. ET | Jan. 23, 2015
Saab may have shipped its last car to North America three years ago, but the business of supplying parts for the estimated 450,000 Saabs on American roads goes on....
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Honda signals shift from Takata, hires rival to supply Accord airbags, report says

12:19 pm U.S. ET | Jan. 23, 2015
Honda has chosen a competitor of embattled Takata to supply airbags for the next North American version of its Accord sedan, the automaker's best-selling vehicle, two people with knowledge of the decision told Reuters...
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JCI quarterly net income grows 12% on higher volume

3:07 pm U.S. ET | Jan. 22, 2015
Supplier Johnson Controls said today its quarterly net income grew 12 percent, reaching $507 million, compared with $451 million during the same quarter last year. JCI is typically one of the first suppliers to release quarterly earning results, serving as a bellwether for supplier financial trends....
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Takata executive indicted in U.S. for fixing prices of seat belts

1:55 pm U.S. ET | Jan. 22, 2015
An executive at embattled Japanese auto supplier Takata was indicted today for conspiring to fix the prices of seat belts sold to carmakers, the US Justice Department said....
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GM issues stop-sale on crossovers for problem with Goodyear tires

10:22 am U.S. ET | Jan. 22, 2015
General Motors has told dealers to stop delivery of about 6,300 2015 Chevrolet Traverse, GMC Acadia and Buick Enclave crossovers because of a pending recall to replace tires that are prone to cracking....
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PSA winds down hybrid air fuel-saving project, still seeks partner to share costs

Jan. 22, 2015 12:45 CET
PSA/Peugeot-Citroen said it will continue development of its Hybrid Air technology to reduce fuel use, despite reports in the French press that the project almost certainly will not see commercialization....
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Chinese aerospace firm pursues acquisition of U.S. supplier Henniges, report says

6:34 am U.S. ET | Jan. 22, 2015
AVIC, China's biggest aerospace company, is among bidders pursuing an acquisition of US auto supplier Henniges Automotive Holdings, people with knowledge of the matter told Bloomberg. AVIC could pay $1 billion for the acquisition, Bloomberg reported....
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Toyota supplier weighs raising airbag capacity as demand climbs

9:35 am U.S. ET | Jan. 21, 2015
Toyoda Gosei, a supplier part-owned by Toyota, is considering increasing its capacity for making airbags to cater to expanding global demand for the safety devices....
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Schaeffler shifts 34% Continental stake off balance sheet

Jan. 21, 2015 10:58 CET
Schaeffler says a 34 percent stake in rival Continental has been shifted off the books in a move toward a possible stock market listing. Schaeffler borrowed heavily to buy Continental in 2008 in a deal that unraveled during the financial crisis....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Michelin CEO aims to win share from Chinese rivals

Jan. 21, 2015 07:48 CET
Michelin aims to counter rising pressure from low-cost Chinese brands in Europe and North America by increasing the number of cheaper tires it offers from budget subbrands, the tire maker's CEO, Jean-Dominique Senard, told Automotive News Europe....
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THE TAKATA AIRBAG RECALL

Takata airbag review panel members named by Skinner

10:52 am U.S. ET | Jan. 20, 2015
Former Transportation Secretary Samuel Skinner said six experts -- including Cerberus Chairman John Snow -- will serve on an independent panel that will oversee Takata's efforts to ensure that its airbag inflators meet federal safety standards....
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Ryan Hunter-Reay races to Indy 500 winner’s circle

Ryan Hunter-Reay races to Indy 500 winner’s circle

BorgWarner’s video montage highlighting 2014 Indianapolis 500 winner Ryan Hunter-Reay. Thu., January 15
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