Here’s How One Company Wants to Eliminate Deaths on the Road
1
2015 was the deadliest year for drivers since 2008.
suppliers
Continental Develops Fuel-Saving Electrical System
Modern vehicles feature electrical systems that operate on 12 volts. This has pretty much been the industry standard since about the mid-1950s. But engineers at Continental are working to really step things up.
Toyota Demands Parts Suppliers Slash Prices Amid Rising Yen
Toyota‘s rush to cut costs amid a rising yen is leading them towards a confrontation with parts suppliers, with the automaker demanding that Japanese parts makers slash costs or face being replaced with overseas companies. Toyota is still reeling from lost production during March’s tsunami and earthquake, and is estimated to lose $443 million for...
Saab to Apply for Creditor Protection as Bankruptcy Looms Yet Again
Debt ridden Saab is to apply for court protection from its creditors in a bid to stave off bankruptcy get again. For months, the automaker has struggled to raise finances to pay off suppliers, and as a result, has halted production. Saab was rescued from bankruptcy last year by Dutch owner, Swedish Automobile (formerly Spyker),...
Saab Suppliers Pressure Automaker to Declare Bankruptcy
Swedish Automobile, owner of financially-stricken Saab, is being pressured by European suppliers to declare bankruptcy, hoping the threat will pressure the automaker to pay back debts. Saab production came to a halt in April, with suppliers refusing to deliver components because they were not being properly paid. Spanish auto panels maker Matrici S. Coop prepared a bankruptcy request,...
Japanese Earthquake Could Cause 30 Percent Reduction In Global Car Production
The latest hiccup deriving from Japan’s earthquake may cause global automotive production to fall by as much as 30 percent, as parts suppliers remain crippled by the quake and subsequent tsunami that devastated Japan. “We could lose up to 5 million vehicles in a worst-case scenario,” said Michael Robinet of IHS, in an interview with Bloomberg. “This...
Honda Plants Remain Closed, R&D To Be Rebuilt After Massive Damage
Honda‘s manufacturing plants will remain closed, while the heart of their company, the research & development facility in Tochigi, Japan, will undergo months of repairs after being severely damaged by the earthquake that devastated Japan earlier in March. Honda originally planned to keep their plants closed until March 27th but has decided to extend the closures until...
sidebar...