Schaeffler said it will accelerate its group-wide Agenda 4 plus One efficiency program after underlying operating profit fell 6.8 percent last year.
ZF Friedrichshafen, in a widely expected move, named Robert Bosch’s former automotive division head, Wolf-Henning Scheider, as its new CEO, effective Feb. 1.
Toyoda Gosei President Naoki Miyazaki says it is time to reposition the big Toyota Group supplier for a high-tech era in which customers are clamoring for autonomous driving systems and electrification.
Konstantin Sauer’s mission as ZF Friedrichshafen’s interim CEO is to keep the supplier on track in its ambitious bid to become a supplier of the future.
Lear reported strong quarterly profit of $401 million, led by higher sales in Europe and Africa and the acquisition of Grupo Antolin’s seating business. Revenue rose 16 percent.
Mexico officials on Friday suggested talks to modernize the North American Free Trade Agreement could be extended to give officials more time to address disagreements threatening to undermine the huge trade pact.
Research finds that no matter a supplier’s size or product, the biggest threat to its competitiveness is the struggle to recruit skilled workers.
GKN, the British auto supplier and engineering company trying to fend off a hostile bid from Melrose Industries, increased its sales forecast for its electric driveline unit.
The auto industry is in the early days in utilizing smart digital assistants to create unique, in-car user experiences. Here’s what CES attendees see in the future.
Part of the glitz of the Detroit auto show is the palette of colors selected and created for the occasion.