tier-1


WSJ: Obama nixes auto suppliers' request for aid

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 the industry, no more federal aid appears to be in the cards. As quoted in the WSJ, Neil De Koker, president and CEO of the Original Equipment Suppliers Association says that he thinks the government won't financially intervene further "unless we ... Read more →

BREAKING: Visteon reportedly files for Chapter 11 bankruptcy Chris Paukert

According to Automotive News, Visteon Corp. has filed for Chapter 11 bankruptcy protection. The Michigan-based tier-1 supplier was spun off from the Ford Motor Company back in 2000, and it has ...

STUDY: Toyota and Honda supplier relations suffer while Ford, GM improve Jonathon Ramsey

In the latest installment of an annual supplier relations survey put together by Planning Perspectives, Honda and Toyota have upheld their top positions in spite of suppliers describing downgrading ...

REPORT: Visteon books $2M profit. Delphi makes $556M. Wait... wha?! Dan Roth

When is a profit not a profit? When it's the result of bankruptcy prevention measures, like Visteon's report of a $2 million profit during the first quarter of 2009. The auto supplier is reporting ...

Delphi reaches agreement on buyouts with UAW, GM Chris Paukert

Delphi has reached a buyout agreement with the United Auto Workers and General Motors. Announced Friday, the deal will extend buyout offers to each and every hourly worker, giving all UAW-represented ...

General Motors actively reducing Delphi parts count 3 years ago on Autoblog

 Bo Andersson, General Motors' vice president of global purchasing admits that the automaker is actively working to reduce its dependence upon bankrupt Tier-1 supplier Delphi. In fact, GM held a meeting with a number of different companies to ask who would like to make up for the supplier's ...

Toyota urges more cooperation with suppliers 3 years ago on Autoblog

Toyota North American senior VP Dennis Cuneo said at a recent conference in Detroit, Michigan that automakers must cooperate more with their parts suppliers. In his declaration, he noted that 10 of Toyota's 15 suppliers are currently in bankruptcy. Such situations point to automakers' price-oriented ...

Is Delphi's bankruptcy a strategy for growth? 3 years ago on Autoblog

Could Delphi's bankruptcy be a strategic long-term move by the parts maker? According to Business Week, Delphi has only declared bankruptcy for its U.S. operations-- overseas facilities in Mexico, China and other countries are not affected. If the unions and Delphi don't reach a compromise ...

GM looking for potential buyers of Delphi "non-core" business units 3 years ago on Autoblog

With Delphi's recent announcement that it will close over twenty plants in the US, and dramatically slim its number of "core competencies," General Motors is not just looking for new sources for business that Delphi wants to dump - it's trying to talk its best suppliers into ...






Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

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