Superior Industries swings to profit in second quarter
SOUTHFIELD — Superior Industries International Inc. (NYSE: SUP), the supplier of aluminum wheels to the auto industry, reported net income of $8.1 million or 9 cents a share in the …
Air Lift rolls out new wireless air suspension control system
LANSING — Air Lift Co. announced a redesign of its WirelessOne on-board air compressor system, making the wireless control of all brands and types of air springs easier and more …
Protean Electric gets $40M investment
TROY — Protean Electric, the Troy-based manufacturer of in-wheel electric motors for the transportation industry, announced the completion of a $40 million equity investment as the initial closing of its …
Faurecia invests in TC thermal tech firm
AUBURN HILLS — Faurecia, the French auto supplier with its North American headquarters in Auburn Hills, announced an investment in Traverse City-based Promethient, a manufacturer of thermal control technologies. Promethient …
Auto industry veteran named CEO of global supplier
LEXINGTON — HDT Automotive Solutions announced the appointment of Patrick Paige as its CEO. HDT is the result of the merger of Lexington-based Huron Inc. and Attimis, Italy-based Dynamic Technologies …
Kiekert doubles U.S. production capacity with move to new Wixom plant
WIXOM — Kiekert, the developer of automotive locking systems, is moving its manufacturing operations to a new 41,000-square-foot plant at 50695 Varsity Court in Wixom. The company’s previous production facility …
Visteon Revenue, Profit Edge Upward
VAN BUREN TWP. — The auto supplier Visteon Corp. (NYSE:VC) reported net income of $65 million or $2.11 a share in the first quarter of 2018, up from $63 million …
Lear profits, sales rise
SOUTHFIELD — Lear Corp., the manufacturer of automotive seating and electrical systems, reported net income of $353.7 million or $5.16 a share in the first quarter, up from $305.8 million …
Gentherm profits tumble despite revenue hike
NORTHVILLE — Gentherm Inc. (Nasdaq: THRM), the thermal management technology developer, reported net income of $13 million or 35 cents a share in the first quarter, down from $$25.4 million …
Gentex Announces Executive Promotions
ZEELAND — Gentex Corp. (Nasdaq: GNTX) announced a series of executive moves this week, including the election of Steve Downing as president and CEO following the retirement of company founder …