Auto Suppliers/Manufacturing News
05/15/12 Lithium-ion battery maker A123 Systems Inc. announced today that it lost $125 million in its first quarter because of a recall of defective batteries made at its Livonia plant.
05/14/12 General Motors Co. and Chrysler Group LLC learned some hard lessons during their 2009 bankruptcies, including one taught by their Japanese competitors: Better supplier relations pay dividends. There's increasing evidence to show that lesson is taking root.
05/14/12 Southfield-based auto supplier Janesville Acoustics opened a 90,000-square-foot plant in central Mexico last week.
05/14/12 Brose North America Inc. announced today that it will acquire a former Mopar plant in New Boston.
05/14/12 Residential Capital LLC, the unprofitable mortgage company whose parent, Detroit-based Ally Financial Inc., is trying to repay a U.S. government bailout, has filed for bankruptcy and plans to sell most of its assets to Fortress Investment Group LLC.
05/13/12 For the first time, a nonprofit reinsurance association will exceed $1 billion in yearly assessments on Michigan's insured drivers, since an effort in Lansing to change its cost structure has lost momentum.
05/13/12 Eberspaecher North America's price dispute with a tier-two supplier won't affect its ability to receive parts, at least for now.
05/13/12 From a cinder block building in Mason, the Dart family built an industrial monolith from humble beginnings and a humble product: the foam cup that lets a person hold hot coffee.
05/11/12 Eberspaecher North America’s price dispute with a tier-two supplier won’t affect its ability to receive parts, at least for now.
05/10/12 Detroit now ranks second nationally for year-over-year job growth in the manufacturing sector, according to a study released Wednesday by the Washington, D.C.-based Brookings Institution.
05/08/12 Livonia-based TRW Automotive Holdings Corp. has introduced an infotainment touch pad that can be molded onto the surface of a vehicle's armrest, steering wheel or instrument panel.
05/08/12 One might expect the shortage of nylon 12 — a material used to coat fuel lines and other components — to cause the auto industry to abandon just-in-time parts delivery.
05/08/12 Detroit-based Ally Financial Inc., the auto lender majority-owned by taxpayers, has received U.S. Treasury Department approval to put its Residential Capital unit into bankruptcy as the government seeks to recover bailout funds.
05/07/12 Sterling Heights-based General Dynamics Land Systems and a Missouri defense contractor will divide $43.6 million in new contracts to design prototypes for oposed military bridge system — which could lead to more than $600 million in future production work.
05/06/12 Andra Rush has a history of capitalizing on opportunities -- from growing a meager trucking company funded by personal credit cards into a $115 million operation to creating an interiors joint venture with Canadian supplier Magna International Inc.
05/04/12 Southeast Michigan defense contractors could get a lifeline in an upcoming lean period for new vehicles if the U.S. Army Tacom Life Cycle Management Command goes forward with a $3 billion plan to replace thousands of M113s.
05/03/12 TriMas Corp. is raising $83 million for possible acquisitions, debt retirement or working capital through a public offering of 4 million new shares this week.
05/02/12 DETROIT — Automakers and suppliers have set up a system to test possible replacements for nylon 12, which will speed development of parts using other materials and reduce the potential for auto production slowdowns.
05/02/12 Crain's has learned that Ford Motor Co. is orchestrating a deal to create one of Southeast Michigan's largest minority-owned suppliers as part of selling its Saline interiors plant.
05/02/12 OXFORD TOWNSHIP (AP) — Authorities say a worker suffered severe burns when a hydraulic forge press he was using exploded.
05/01/12 DETROIT — General Motors Co. plans to cut about a quarter of the workers at its research and development facility at the Warren Technical Center, part of a broader reorganization of its R&D operation.
04/30/12 Faurecia North America is the minority stakeholder in Rush Group's joint venture, Detroit Manufacturing Systems LLC.
04/29/12 Dan Knott, who as Chrysler Group purchasing boss restored the automaker's reputation with suppliers, died today just over two weeks after taking medical retirement. He was 51.
04/29/12 Indian auto company Sakthi Automotive Group received a $1.5 million incentive from the Michigan Business Development Program to open a plant at an undisclosed location in Detroit by 2014. The company says it will create 183 jobs with the $18.6 million investment.
04/29/12 The corporate downsizing that hurt most metro Detroit businesses has turned out to be a growth opportunity for Corporate Fleet Services Inc.
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Medical fees rise as no-fault bills languish