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Asahi Kasei to buy interiors supplier Sage for $1.1 billion

Japan's Asahi Kasei said it would buy U.S. automotive interior supplier Sage Automotive for $1.06 billion, including debt.


Thyssenkrupp moves toward possible breakup as CEO, chairman depart

Thyssenkrupp -- a key supplier of automotive steel -- could be moving closer toward breaking up after its CEO and chairman both resigned in opposition to the proposed split of the conglomerate.

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MORE SUPPLIER NEWS OEM/SUPPLIER MANUFACTURING
Magna isn't 'de-merging,' says Walker

Magna International is bucking a trend. It's CEO, Don Walker says the company isn't separating autonomous vehicles from its mainstream operations.

Number to watch: $41 billion

A forecast for two aftermarket trade groups predicts aftermarket parts sales will hit $327 billion in 2021, a $41 billion dollar increase over 2017 levels.

Pininfarina shows some PDA for PF0

Automobili Pininfarina is stoking the fires of its first vehicle, the PF0. The brand revealed new teaser photos of its full-electric hypercar's exterior last week.

Adding scents to prevent carsickness

International Automotive Components Group is researching adding scents that would serve a purpose to the vehicle occupants: preventing motion sickness.

Criminal case sheds light on Apple self-driving car tech

Apple has kept tight wraps on its ambitions for self-driving cars, declining to acknowledge them at all publicly until it wrote a letter to U.S. transportation regulators in late 2016 urging them not to restrict testing of the vehicles.

UPDATED: 7/10/18 7:05 pm ET - adds details
Former Apple employee charged with stealing AV trade secrets

Federal authorities charged a former Apple employee with theft of trade secrets, alleging that the person downloaded a secret blueprint related to a self-driving car to a personal laptop and later tried to flee the country.

German automakers lean on others for battery cells

Plans by China's CATL to build a battery cell factory in Germany should serve as a wake-up call for the national car industry, industry watchers say, as a lack of its own production capacity risks leaving it exposed in a dawning era of electric mobility.


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