supplier

The three-year investigation by the US Department of Justice into price-fixing allegations by auto parts suppliers continues, with two more fish from the swamp of corruption the latest to be sentenced. Reuters reports that Denso executives Yuji Suzuki and Hiroshi Watanabe will do 16 months and 15 ...

An explosion at a Magna International divisional plant in Newmarket, ON, a manufacturing facility for Dortec Industries, occurred on Wednesday afternoon. Some nine people were injured in the accident and five or six (reports vary) were sent to the hospital. Magna has reported that all workers have ...

At one time, recently at that, the 22-way adjustable seat was a marvel – especially since we didn't know our own bodies even had 22 different ways to be seated comfortably. Automotive supplier Faurecia plans on going well beyond that, however, with its prototype Bluetooth-enabled SmartFit ...

Back in 2009, OEM supplier Caparo Vehicle Components pledged to put $10.5 million back into its two plants in Novi, Michigan. That move was so warmly received by the state of Michigan that the company was awarded $1 million in tax credits over five years. The company got its credits in 2010, ...

Before financial Stargate opened in September of 2008 and transported us to an entirely new economic dimension, it was oh so common to read about domestic automakers hammering Tier One suppliers to lower their prices. Of course, suppliers are still asked to find efficiencies, but pre-2008, it ...

Two more Japanese auto industry suppliers, Yazaki and Denso, have been fined by the U.S. Department of Justice and four executives from Yazaki will go to jail, according to reports in the New York Times and Automotive News. Yazaki's $478 million fine and Denso's $78 million fine come on top of ...

A few years ago, the U.S. auto industry was in serious trouble. Automakers received most of the press, but suppliers appeared to be in even more dire straits. Fast-forward to 2011 and the Detroit Three are in better shape, and suppliers apparently aren't doing so badly either. Automotive News ...

The Japan earthquake and tsunami tragedy proved that disruptions at a few key suppliers could wreak havoc on the delicate auto supply chain. That point has again been proven, as weather-related flooding at a automotive carpet supplier has lead to decreased production at six North American ...

The Detroit News is reporting that a federal judge has thrown out a portion of the lawsuit brought against the federal government by Delphi retirees. The former employees of the automotive supplier brought suit against the federal government after their pensions were terminated in bankruptcy ...

Labor strife can wreak havoc on manufacturing, even when the workers on strike are miles away from the facility. Hyundai knows this all too well, as Automotive News reports that workers at supplier Yoosung Enterprise Co. occupied the production lines at a Hyundai assembly plant after failing to ...

When it comes to manufacturing and selling a complicated product like an automobile, a company's relationship with its suppliers is of huge importance. A good working partnership can translate into higher levels of reliability and lower cost as well as early access to cutting-edge tech. According ...

Automobile parts supplier Visteon appears to be closer than ever to exiting bankruptcy after 15 long months of proceedings, with the help of the company's one-time master. The Detroit Free Press is reporting that Ford has agreed to waive $268 million in pension and retiree claims, relieving the ...

Detroit automakers have a long history of less-than-rosy relations with their supply bases, while Toyota and Honda worked to keep their suppliers happy. But Detroit automakers have been promising to improve supplier relationships, and a study published by The Detroit News shows that the Motor ...

As with every other automaker – heck, almost every other company – Toyota wants to save more money. Japan's Asahi business daily revealed a Toyota initiative to lower its parts expenses by 30% over the next three years, and it is one that we're all too familiar with: Toyota told its ...

If you think GM and Chrysler are going through financial struggles, it's just a flash in the pan compared to the trial and tribulations of the automotive supply base. Experts say supplier jobs account for nearly three-quarters of all automotive employment, with estimates of 600,000 workers in the ...

Troubled coachbuilder and specialty car manufacturer Karmann has gone dark. The firm's final vehicle – a Mercedes-Benz CLK came off the lines on Monday as the legendary company has been shuttered because of ...

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 ...

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 ...

To the roll call of auto industry titans that have gone or are going bankrupt -- Visteon, Chrysler, GM, Saab, Karmann, ASC, Source Interlink -- we can now add Tier 1 supplier Metaldyne, which filed for bankruptcy for its American operations. Metaldyne makes metal bits for car and truck chassis and ...

According to the BBC News, supplier Magna International has come to terms with General Motors to purchase a majority stake in its European Opel division. While an agreement has been reached between the two parties, the German government – which has agreed to provide financial assistance for ...