China's recently instigated push to go after price fixing and monopolistic practices in the automotive sector has garnered a lot of ink, but regulatory bodies around the world have been tackling the issue for years. Lithium-ion battery makers were targeted in 2012, the US Department of Justice hit a cabal of Japanese suppliers for $740M in 2013 and Toyo Tires after that, the EU went after exhaust parts makers earlier this year. Nor are the investigations confined to the auto industry: aluminum p
There would be reason to be happy if North American auto industry production exceeds 16-million vehicles in 2014, but if it does, a new survey of suppliers by IRN, Inc. concludes that automakers can expect spot shortages of parts, Automotive News reports. Electronics suppliers and chassis and suspension suppliers would have the most trouble keeping up with parts demand.
BMW has been tussling in courtrooms with a South African auto parts supplier called Grandmark for 13 years. The real issue revolves, of course, around money, but the legal issue revolves around intellectual property rights regarding the design of car parts. South Africa allows entities to register an "Aesthetic Design" (AD) that "is new and original, and that has features which 'appeal to and are judged solely by the eye';" BMW has received Aesthetic Design registrations for both its vehicles an
According to Automotive News China, the shady side of the People's Republic is set to sell $45 billion worth of counterfeit auto parts this year. Those include high-volume pieces like spark plugs, brake pads and steering components as well as oil seals and airbags. All told, the report says that China is responsible for a hefty 83 percent of the world's counterfeit parts, leading the top three producers by a wide margin. The report goes on to state that Taiwan and Thailand are responsible for fi
Japan's Toray Industries Inc says it will be the first company to mass produce carbon fiber auto parts. Toray will invest 20 billion yen ($170 million) into new carbon fiber car parts, targeting chassis and car bodies. Toray will build a research center next year and start auto parts production in 2010. Toray expects its sales of auto parts (including non-carbon fiber ones) to grow from 124 billion yen this year to 350 billion yen in the year 2016.
Al Koch helped see over the revival of Kmart, so he knows a thing or two about financial difficulty - and that's exactly what he sees in the auto-part industry. Koch specially mentions decreasing production from domestic automakers as potentially causing severe trouble. While a move away from incentives has increased the profitability of the Big Three, it puts the squeeze on suppliers by decreasing production (you can bet that none of that profit makes its way down the supply chai
Mazda Motor Corp. and an industrial consortium are partnering with the Japanese government and the academic community to develop a new bioplastic made through a fermentation process using natural materials such as fermented starches and sugars derived from corn.
observers in the slow-motion Delphi bankruptcy train wreck assume that General Motors will step in to help bail out its
struggling former subsidiary company (and its ex-GM workers), apparently there are limits to GM's largesse.