More in Suppliers

  • Newswire

    EU Antitrust Regulator Says Price-Fixing Crackdown to Continue  

    European Competition Commissioner Joaquin Almunia, who has fined auto-parts cartels more than €1 billion in the past year, says he will hand over "a long list of other investigations in this sector" to his successor when he leaves office next month....More
  • Newswire

    CORRECTED-Auto parts executives indicted in U.S. on price-fixing charges  

    (Corrects number of executives charged to three, not four, from Mitsubishi Electric, and four, not three, from Hitachi Automotive, in paragraphs two and three) DETROIT, Sept 18 (Reuters) - A federal grand jury in Detroit on Thursday indicted seven executives from two Japanese auto parts makers on charges of price fixing, the U.S. Department of Justice said....More
  • Newswire

    Hitachi Escapes Fine in Chinese Antitrust Probe  

    Chinese antitrust regulators say they will not fine Hitachi Automotive because the Japanese auto-parts supplier halted monopolistic activity and proactively provided relevant evidence....More
  • 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

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