Automotive Suppliers

Visteon executive chairman sells shares

The executive chairman at auto supplier Visteon Corp. sold 1.4 million shares of common stock following their automatic conversion from restricted shares, according to a Securities and Exchange Commission filing Tuesday.

Harita Seating acquires Polyflex Group

Our Bureau Chennai, Dec. 3 Hosur-based Harita Seating Systems Ltd has acquired the Polyflex Group of companies for an undisclosed sum. This acquisition will give Harita an entry into passenger car segment through tier-1...

Auto rescue notebook: Pastors speak out

Minority auto suppliers are being disproportionately hurt by the auto industry implosion, and that is devastating Detroit's African-American communities, the city's Council of Baptist Pastors said Tuesday.

BRIEF: Auto suppliers should brace for more cuts, Baird warns

Dec. 3--Auto suppliers should brace for more production cutbacks in the coming months as a result of the deteriorating market for new vehicles. Production schedules released by Ford Motor Co. (F) and General Motors Corp. (GM)...

Over 50 Big Three auto parts suppliers denied credit insurance

India's auto component makers not only face slower growth in the domestic market, the Export Credit Guarantee Corporation of India is now refusing credit insurance to over 50 auto component companies that sell to the Big Three...

Automakers' woes hit black community, Baptist pastors say

Minority auto suppliers are being disproportionately hurt by the auto industry implosion, and that is devastating Detroit's African-American communities, the city's influential Council of Baptist Pastors said today.

Delphi wins court motion on loans

Bankrupt auto supplier will be allowed to use proceeds of $4.3B beyond Dec. 31 expiration date. A bankruptcy judge said Monday that auto supplier Delphi can continue to access the proceeds of $4.35 billion in loans after the...

$75-an-hour autoworkers

I was reading Joe Sullivan's Thanksgiving column Friday when one phrase stopped me cold: "... another day when our automaking brethren have to struggle by on a $75-an-hour paid holiday ..." I took a deep breath and finished...

Auto industry woes ripple through state's economy

Via Acquire Media NewsEdge) Dec. 2--Car and truck suppliers across the state will have much at stake when Congress decides how to handle Detroit's struggling auto industry. The N.C. Commerce Department says more than 160...

Delphi wins court motion access loan proceeds (AP)

Monday December 1, 6:58 pm ET By Vinnee Tong, AP Business Writer Judge says auto supplier Delphi can postpone repayment of bankruptcy loans NEW YORK (AP) -- A bankruptcy judge said Monday that auto supplier Delphi can continue...

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