Takata Reports Higher Profits Despite Expanding Airbag Crisis
Takata posted a sharp rise in quarterly profits and revenue, even as global recalls over its defective airbag inflators continued to widen and pressure the supplier.
Coverage tagged Supply chain.
Page 2 of 4
Takata posted a sharp rise in quarterly profits and revenue, even as global recalls over its defective airbag inflators continued to widen and pressure the supplier.
Paul Hembery has called for Formula One to strengthen its cooperation with technical partners as Pirelli weighs its future in the sport.
Lotus F1's financial difficulties have drawn claims from Toyota, Bell Helmets and others, with unpaid bills leading to legal action and equipment seizure at Spa.
Mexican officials want half of all vehicle content in the Trans-Pacific Partnership to be sourced from within the bloc, matching stricter North American standards.
Supply problems and special fuel blends in California and neighbouring states have kept US average petrol prices higher, despite falling global crude oil costs.
Mercedes-Benz has launched a global reorganisation of its supply chain, aiming to reduce logistics costs per vehicle by around a fifth through new consolidation centres and network changes.
Takahiro Hachigo, newly appointed as Honda CEO, has dismissed speculation that the company will financially support airbag supplier Takata amid the ongoing recall crisis.
Takahiro Hachigo, a Honda veteran, steps up as president and CEO as the company faces mounting pressure over Takata airbag-related fatalities and recalls.
Major platinum miners look to fuel cell vehicles to revive demand, but battery electrics and hybrids still dominate the green car market.
General Motors suspended output at its Rio Grande do Sul facility after truckers stopped collecting vehicles, highlighting the impact of logistics standoffs in Brazil's troubled car market.
Subaru will boost capacity at its Indiana plant to nearly 400,000 vehicles by early 2017, four years ahead of its original schedule, as US sales continue to break records.
French supplier Faurecia will form a new joint-venture with Dongfeng in Wuhan, targeting €2bn in deliveries to Dongfeng and its partners including Peugeot, Nissan, Honda and Kia.
Dodge has temporarily frozen new orders for the Challenger and Charger SRT Hellcat models after demand outstripped production, leaving thousands of buyers waiting.
Continental's CEO said the supplier would be interested in working with Apple should the US tech giant decide to build its own vehicle.
Two senior managers from Mitsuba and T.RAD have received US prison sentences and fines after pleading guilty to price-fixing charges involving Honda supply contracts.
Continental admitted responsibility for the airbag control units at the centre of Audi’s global recall of 850,000 A4 models, with repair costs expected to run into tens of millions of euros.
Falling demand for open top cars in Europe and North America has forced major roof system suppliers like Webasto and Valmet to close or scale back production facilities.
Renault-Nissan is reconsidering its battery sourcing strategy, opening the door to external suppliers such as LG Chem as it aims to scale up electric vehicle production.
British car manufacturing grew 3.5% in the first half of 2014, with new model introductions and export demand driving output to 790,000 units.
A shattered Brembo brake disc sent Lewis Hamilton into the barriers during German GP qualifying, leaving Mercedes furious and forcing a last-minute switch for race day.
Industry leaders warn that wider adoption of aluminium in mainstream vehicles could push prices up to $2,500 per tonne, driven by Ford’s move with the F-150.
Tesla is assessing locations in five US states for a massive battery factory, with Nevada, Arizona, New Mexico, Texas and California all under consideration.
A white Mercedes-Benz SLS AMG was declared a total loss after its container plunged into the Rio de la Plata en route to Buenos Aires in 2013.
Ford’s switch to aluminium for the F-150 has triggered a rush among global aluminium suppliers to secure a place in the rapidly expanding automotive market.