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Lear: value creation more important than volume growth

WUHAN, Hubei – Lear Corp. is constantly looking at the value that is being created for its product portfolio in the Chinese market, in addition to production volumes and the macroeconomic environment, according to Jay Kunkel, president in charge of Asia Pacific operations for the U.S. seating and electrical system

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Benecke-Kaliko breaks ground on second plant in China

CHANGZHOU, Jiangsu – Benecke-Kaliko, a German supplier of surface materials for automotive interiors, has opened its second Chinese production facility here, according to a company news release. With an investment of almost €40 million ($50.7 million) for the first phase of the expansion, this is the largest investment in the

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German car parts suppliers asked to form JVs in China – Stuttgarter Zeitung

FRANKFURT (Reuters) - Three German car parts suppliers have been told by China they can no longer manage their Chinese units independently but need to form partnerships with local peers, the chief executive of auto parts maker ElringKlinger (ZILGn.DE) told a German paper. "The Chinese state has told several

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China said to be probing foreign automakers over parts

China is examining whether foreign auto manufacturers are preventing component makers from selling spare parts to any dealers besides those authorized by the car companies, people familiar with the matter said. The National Development and Reform Commission, China’s economic planning body, is probing practices at Stuttgart, Germany-based

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Chinese auto industry looking to strengthen ties with Detroit automakers, parts suppliers

China’s automotive industry needs to increase its spending on research and development and strengthen its joint venture ties with U.S. automotive manufacturers, a top Chinese automotive official said today in Troy. “For the China automotive industry to go into international markets we need

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Jack Cheng: Chinese brands will source more from global suppliers

BEIJING – Chinese independent OEMs will source more from global suppliers, according to Jack Cheng, president in charge of China for Italian supplier Magneti Marelli. Cheng was responding to a question on how Chinese OEMs can balance between the need to achieve breakthroughs in core component technologies while maintaining the

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Exclusive: Interview with Chris Feng, President of Fuyao Automotive North America

Fuyao Glass Industry Group Corp., China’s largest automotive glass supplier, plans to invest $200 million to establish a manufacturing facility in Ohio, at the site of a former General Motors’ assembly plant. The investment is the largest ever made by a Chinese company in Ohio and the plant is expected

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China’s largest auto parts company makes last-minute Fisker bid

China's largest auto parts company made a surprise bid for Fisker Automotive just days before the bankrupt maker of the Karma plug-in hybrid sports car was to be sold to a Hong Kong tycoon, according to court documents. Fisker creditors asked the U.S. Bankruptcy Court in Wilmington,

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