Tag: suppliers

April 18, 2022

Supply chain operations are critical to manufacturers’ success. One that’s slow or frequently disrupted will hinder a business’s ability to impress clients and reduce costs, regardless of a product’s quality. Companies must design a responsive supply chain, whether they run […]

February 10, 2022

Leaders of commercial vehicle suppliers weighed in, during recent earnings calls, on challenges to the supply chain and related concerns. Tom Linebarger, chairman and CEO of engine maker Cummins Inc., noted the coronavirus variant omicron has driven up its own […]

May 28, 2021

When technology transforms an industry, it can begin quite slowly … and then it happens all at once. Take the first iPhone. When it first launched in 2007, it was often discussed with derision as many failed to grasp its […]

March 5, 2020

FRANKFURT/BERLIN — Continental said it would step up cost savings after posting a drop in adjusted profit and a 1.2 billion-euro ($1.3 billion) net loss in 2019 as worldwide vehicle demand slumped. Cost-cut plans will be presented in May because […]

October 9, 2019

DUESSELDORF — New Thyssenkrupp CEO Martina Merz on Wednesday paved the way for deeper job cuts at the ailing conglomerate, telling employees in an internal memo such a step was necessary for a much-needed turnaround. Thrown into crisis by a […]

October 9, 2018

Even if self-driving cars never make it to the streets in large numbers — or if they are deployed only in geofenced areas — the huge amount of money invested in the technology will have benefits that could improve all […]

September 6, 2018

MEXICO CITY — A little more than two years ago, Elon Musk and other Tesla Inc. executives met with a Mexican auto-parts supplier to discuss an opportunity some companies would kill for. For some time, Tesla had been evaluating Nemak […]

March 28, 2018

Count Spectrum Plastics Group (Alpharetta, Ga.) among the medical device industry suppliers adding capabilities and expertise in order to add value to what they provide their customers. Long gone are the days when medtech contract manufacturers simply made orders to […]

August 7, 2017

The auto industry seems to be roaring like a massive freight train into a neatly defined future — a brave and unmistakable new world of vehicle electrification, autonomous driving and shared mobility. But hold on. At a gathering of executives […]

August 4, 2017

Automakers, suppliers and startups are scrambling to develop technologies such as those needed for self-driving vehicles at a speed never seen before in the auto industry, says one financial veteran. “We have more than 50 ‘name’ companies that are working […]

May 30, 2017

The Trump administration has a vision for U.S. manufacturers: It wants them to rely less on overseas factories and to hire and train more American workers. Easier said than done? Well, Michigan mirror-maker Gentex Inc. offers a glimpse of what […]

February 9, 2017

Tesla Inc. said on Wednesday it will shut down production at its California assembly plant for a week this month to prepare for production of its high-volume Model 3 sedan, moving the company closer to meeting its target to start […]

January 17, 2017

Ford Motor Co. is working on a plan to compensate parts makers that were preparing to supply the plant the company canceled last week and will return the land to the government of Mexico, an executive said. The foundation was […]

December 12, 2016

The U.S. Department of Transportation today said it will press the auto industry to accelerate the pace of replacements for defective Takata Corp. airbag inflators and signaled a likely widening of the industry’s largest ever recall. U.S. officials now say […]

November 14, 2016

Automakers are seizing on what they see as a fresh opportunity to recast the industry’s relationship with the federal government. Within a day of Donald Trump’s surprise victory last week, the Alliance of Automobile Manufacturers was handing the president-elect’s transition […]

August 2, 2016

The good news for an industry counting on aluminum to help make vehicles lighter is that aluminum suppliers are spending to create new capacity. The bad news? The capacity is already gobbled up. North American suppliers of sheet aluminum are […]

July 13, 2016

A longtime General Motors supplier has filed for bankruptcy and repercussions could wreak havoc on the automaker’s North American production. Clark-Cutler-McDermott Co. filed for Chapter 11 bankruptcy protection on Thursday, July 7, after GM filed a motion to acquire dedicated […]

June 21, 2016

The U.S. Supreme Court on Monday ruled against Cuozzo Speed Technologies Corp. in its challenge to a federal agency’s procedures for canceling patents in a case involving a vehicle speedometer that tells drivers when they are speeding. The justices’ 8-0 […]

March 24, 2016

An Ohio-based auto supplier will move its headquarters and at least 70 employees to suburban Detroit with the help of a state incentive. Stoneridge Inc., which makes electrical and electronic vehicle components, on Tuesday received a $1.4 million performance grant […]