More in Suppliers

  • Newswire

    UPDATE 2-Germany's ZF agrees $13.5 bln TRW buy to position for self-drive cars growth  

    * All-cash deal to create group with sales of over $40 bln * ZF CEO says transaction is technology driven * ZF offers $105.60 in cash for each TRW share * Deal is premium of 16 pct above TRW closing price on July 9 * Price represents multiple of 7.6 times TRW's EBITDA in past year (Adds ZF CEO, analyst comments, writes through) By Soyoung Kim, Edward Taylor and Arno Schuetze...More
  • Sep 10, 2014
    blog

    Wised-Up Suppliers Expand for New Tech, Not More Volume

    Even when running near 100% capacity, auto supplier margins are razor thin, so investing millions in new construction based on OEM sales projections and economic forecasts takes a major leap of faith....More
  • Newswire

    UPDATE 1-Tesla CEO says could sign new deal with Toyota in 2-3 years  

    (Adds Musk, Toyota and Panasonic comments, background) By Yoko Kubota TOKYO, Sept 8 (Reuters) - Electric carmaker Tesla Motors Inc and Toyota Motor Corp, the world's best-selling automaker, could sign a new deal over the next two to three years, Tesla CEO Elon Musk said, as the two firms ready to end an existing programme....More
  • Newswire

    UPDATE 2-Federal-Mogul to separate motorparts, powertrain businesses  

    (Adds analyst comment, updates share price) By Mridhula Raghavan Sept 3 (Reuters) - Federal-Mogul Holdings Corp, controlled by billionaire investor Carl Icahn, said it would separate its motorparts and powertrain businesses into two publicly traded companies. The Southfield, Michigan-based supplier said the separation of the motorparts business, which largely caters to the replacement market, will be in the form of a tax-free spinoff to Federal-Mogul's shareholders....More
  • Newswire

    EU Trade Group: Foreign Auto Parts Makers Won't Need Chinese JV Partners  

    The European Union Chamber of Commerce in China dismisses a newspaper report that foreign auto parts makers will be required to form joint ventures with local partners....More
  • Newswire

    Honda Recalling 63,200 Vehicles Over Defective Takata Airbag  

    The automaker says the driver's-side airbag in certain '12-'15 CR-V, Civic, Brio and Amaze models sold mainly in China could contain inflators that open too forcefully and shoot metal fragments into the cabin....More
  • Aug 25, 2014
    blog

    Finally, Voice of Reason

    The concept of an autopilot is not new, particularly in aerospace. But Owens notes even the airline industry has never crossed that threshold by placing hundreds of lives solely in the digital hands of a computer....More

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