Lear May Bid on Collins & Aikman
Lear Corp. is considering a bid to purchase bankrupt interior supplier Collins & Aikman Corp., according to a source close to the situation. The combination of the two companies would create the world’s third-biggest automotive supplier, with nearly $21 billion in sales, and enhance Lear’s standing as the industry’s largest supplier of interiors, with most major car companies as customers.
Auto Parts Suppliers’ Second Quarter Should Reflect Steady Production
U.S. auto-parts suppliers have been hit hard by slumping production of sport-utility vehicles in North America, particularly at GM and Ford Motor Co., but recent turmoil in the auto industry isn’t expected to throw a wrench into its suppliers’ second-quarter results, as auto production has remained on track and commodity costs have behaved.
Visteon Top Legal Exec to Leave with $1.4 Million
The top legal officer at Visteon Corp. is leaving the auto-parts maker and will be paid $1.36 million as part of her resignation package. Van Buren Township, Mich.-based Visteon laid out the details Wednesday of the amicable departure of Stacy Fox as senior vice president and general counsel for the nation’s second-largest auto supplier, effective March 31.
Piston Group Selects Mamadou Diallo as CEO
Diallo joins the company after 23 years with Honda.
Bob Holloway Promoted to COO of The Piston Group
In his new role, Holloway will oversee operations of the Piston Group’s four companies.
AMN Executive Interview: Aubry Baugh, Lumileds
Baugh shares with us how Lumileds is innovating to serve its customers’ needs.
Continental Showcases Sustainable Mobility at IAA Mobility
Continental is exhibiting high-performance computers and solutions for digital mobility.
Kevin Baird Named CEO of IAC Group
Baird, former COO at Tenneco, will succeed David Prystash, who is retiring.
Deloitte: Auto Suppliers Face New Market Realities
The study explores how electrification adoption could impact supplier components.
NuVinAir Promotes Marty Schoenthaler to President
Schoenthaler joined NuVinAir from Tate Boys Tire & Service in 2021.
