Category: Suppliers

By on May 21, 2015

Canadian Tire Store

As nearly 34 million vehicles in the United States go under recall over Takata’s airbag issues, Canada remains a low priority due to cooler climes.

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By on May 19, 2015

Takata TTAC Style

The U.S. Department of Transportation announced Tuesday Takata would expand its airbag recall to cover 33.8 million units in the United States.

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By on May 15, 2015

Delphi Audi Circa March 2015

The 6th U.S. Circuit Court of Appeals ruled Thursday General Motors will not owe $450 million to the UAW for funding health care among Delphi retirees.

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By on May 14, 2015

Takata TTAC Style

Like consumers making payments over several months for their purchases, Takata is asking automakers to pay its part of the airbag recall in installments.

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By on May 11, 2015

gm_hq

If you’re a parts supplier to General Motors, you have two choices: bid for business as it comes up or open your books and factories to skip the bidding process.

According to Automotive News, the latter option is part of GM’s One Cost Model launched in 2013, allowing the automaker to analyse a supplier’s internal cost data to identify cost-cutting opportunities. In exchange, suppliers can receive exclusive parts contracts that can last the lifecycle of a model and GM will not put that particular piece of business up for bid.

This all requires a significant amount of trust from suppliers, a commodity which has been lacking at GM since the ’90s.

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By on May 8, 2015

Perepetual Penny Calendar

Tesla’s announcement Thursday of its purchase of Riviera Tool LLC sent shares of the supplier’s old penny stock soaring, but it may have been for nothing.

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By on May 1, 2015

Lotus Evora S Circa August 2013

After going broke for so long, Lotus Cars CEO Jean-Marc Gales says his company will be back in the black by March 2017, when FY 2016 ends.

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By on April 29, 2015

Kia Soul with Lyftstache Circa September 2013

Per a new study by Continental AG, millennials love cars as much as they love iPhones, so long as their rides aren’t electrified.

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By on April 27, 2015

Volkswagen Chattanooga Tower

As Volkswagen plans to expand in Chattanooga and Puebla, the Canadian government is loaning €400 million ($433.8 million USD) to the German automaker in exchange for possible future supplier business.

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By on April 20, 2015

IROX Polymer-Coated Engine Bearing

Suppliers are integral to new technology in the auto industry to an extent not true since the early years of the 20th century, when ventures such as Ford began as mere assemblers, not manufacturers. That will be highlighted on Monday at the 21st PACE “academy awards” for supplier innovation. (For those not in the know, Monday’s the opening night of the SAE [Society of Automotive Engineers] in Detroit.)

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