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    Report: 20 Japanese auto supplier execs on the lam from US authorities?
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    The US Department of Justice has been on a campaign over the past few years to crack down on price fixing in the auto industry, especially from Japanese parts suppliers. In the agency's most recent count, it has indicted 46 people with 26 guilty pleas and raised over $2.4 billion in fines from 31 ...

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    Official: Toyo Tires found guilty of price fixing
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    A global auto industry price-fixing scandal being investigated by the US Department of Justice continues to unfurl as ever more companies – most of them Japanese – are found guilty of fixing the prices of numerous types of vehicle parts. Toyo Tire & Rubber is the latest company to ...

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    Report: Massive auto parts price fixing probe spreads to four continents
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    Investigators are currently expanding the scope of an automotive component price fixing probe. Officials in Australia, the U.S., Europe and Japan are collaborating to discern the breadth of the issue. So far, 20 automotive suppliers have been identified as being part of the investigation, though ...

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    BorgWarner aquires Haldex
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    The world of automotive suppliers has gotten a bit smaller as Auburn Hills, MI-based BorgWarner has acquired Haldex. BorgWarner says its acquisition cost $205 million, and that the paperwork should be signed, sealed and delivered in the first quarter of 2011. You may recall the name Haldex as a ...

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    GM agrees to terms to sell Nexteer steering operations to China's PCM
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    General Motors reports that it has come to an agreement to sell its Nexteer steering operations. Nexteer, which had $6.2 billion in revenue as recently as 2008, was acquired by GM as part of a deal to help Delphi exit bankruptcy. The buyer? Pacific Century Motors, which is part of The Tempo Group ...

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    Analyst: Detroit 3 to be outproduced by foreign transplants on U.S. soil by 2012
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    If you think life can't get any worse for the bloodied and battered Detroit three automakers and their suppliers, you're wrong – at least according to a new study from Grant Thornton LLP's Corporate Advisory and Restructuring Service. The accounting and management consulting firm used data ...

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    WSJ: Obama nixes auto suppliers' request for aid
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    According to The Wall Street Journal, President Obama has taken a pass on granting auto parts suppliers' request for $10 billion in aid, leaving the financially-strapped companies to seek succor from Congress instead.While the president's administration says it will keep a wary eye on the state of ...

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    Half of all major U.S. suppliers said to be bankruptcy risks in 2009
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    A new study by consulting firm A.T. Kearney has found that more than half of all current automotive suppliers could file for bankruptcy protection in 2009, resulting in at least 1 million job losses. Even the most optimistic scenario would have 35% of all suppliers facing insolvency, and some ...

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    GM to bypass Tier 1 and pay Tier 2 suppliers directly
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    Ever heard the saying, "It takes a village to raise a child?" Something similar could be said about the automotive industry, except the village is an assorted and wide-ranging group of auto suppliers and the child is your next new car. Currently, the major automakers only deal directly with Tier 1 ...

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    U.S. Treasury unveils $5B Supplier Support Program
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    As difficult as it was for General Motors and Chrysler to secure emergency loans from the government, the supplier community that supports the auto industry has found it even more so. Until today. This morning, the Obama administration announced its Supplier Support Program, which creates a $5 ...

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    Big Three Sitting on $10 Billion Goldmine - Autoline on Autoblog with John McElroy
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    There's no question that the Detroit-based auto industry needs a lot of help. There's a 100-year history of how it got into the problems it's in, and some of those problems are beyond management's control. But there is one area where General Motors, Ford and Chrysler have total, complete ...

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    Auto supplier preps new interior concepts for Frankfurt
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    Ever wondered who sets the trends for vehicle interior design? It's not always the automakers that come up with all the innovative ideas, sometimes its the actual auto parts suppliers that create the technologies that go into new models. At this year's Frankfurt Auto Show, one such company, ...

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    Visteon turns a profit(!)
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    "Restructuring, improving base operations and growing global business" were the Big Three for Visteon in first quarter, who turned a profit, despite lower revenues. Following the news, shares rose $1.14 to $7 on the New York Stock Exchange, a substantial 19 percent improvement. Net ...

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    GM draws the line at helping Delphi
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    While most 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.In the latest development, Delphi reports that it was unable ...

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