Brembo, the Italian brake manufacturer, is on a roll. The company's global 2014 revenue grew 15 percent to nearly $2.20 billion. But Brembo has plenty of challenges. The company wants to hire more engineers, and automakers are demanding lighter weight parts.
Auto suppliers are responding to automakers' needs for better fuel economy, claiming half of this year's Automotive News PACE Awards with innovations that cut weight or make powertrains more efficient. Fourteen game-changing products and processes from 12 suppliers were honored at a ceremony in Detroit tonight.
Eaton Corp. is well known for transmissions, clutches, differentials and other robust industrial products. So it's surprising that software development is a significant bottleneck for the supplier. Staci Kroon, 41, president of Eaton's vehicle group in North America, explains the problem.
Chrysler-Jeep-Dodge-Ram dealerships in North America will sell significantly more vehicles in 2018 than now, the automaker said today. Each dealership sold an average of 566 vehicles last year, the company said. That will increase steadily to annual sales of 798 units per dealership in 2018, Fiat Chrysler Automobiles projected today.