Lear sales, profits fall
SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield manufacturer of automotive seating and electronics, reported net income of $229 million or $3.73 a share in the first quarter of 2019, down from …
Horizon Global sales dip, loss increases
TROY — Horizon Global Corp. (NYSE: HZN), a manufacturer of towing and trailering equipment, reported a loss of $46.8 million or $1.86 a share in the fourth quarter, compared to …
Continental business incubator produces first spinout
AUBURN HILLS — Continental Automotive, the Auburn Hills-based U.S. subsidiary of the German auto supplier Contnental AG, announced that its Co-pace business incubator has produced its first spinout company, a …
Nexteer profits up nearly 8%
AUBURN HILLS — Nexteer Automotive (HK.1316), the Chinese-owned, Auburn Hills-based auto supplier, reported a 7.9 percent increase in profit attributable to equity holders to $380 million for 2018. Revenue for …
Business expansions to create 326 jobs get state aid
LANSING – Three business expansions and three community revitalization projects that will generate up to $18.6 million in private investment and create 326 jobs have received Michigan Strategic Fund support, …
Nexteer hits 60 millionth electric power steering mark
AUBURN HILLS — Nexteer Automotive, the Chinese-owned, Auburn Hills-based developer of motion control technology, announced its production milestone of 60 million electric power steering (EPS) systems globally—which adds up to significant …
Stoneridge profit, revenue rise
NOVI – Stoneridge Inc. (NYSE: SRI), the Novi-based supplier of electronics to the mobility industry, reported 2018 net income of $53.8 million or $1.85 a share, up from $45.2 million …
Advanced auto systems event coming to Dearborn
BIRMINGHAM – An annual conference on advanced driver assistance systems (ADAS) technologies is returning for a fourth year. The ADAS Sensors 2019 Conference and Expo will be held March 20 …
SPE calls for nominations for automotive innovation awards
TROY — The Automotive Division of the Society of Plastics Engineers Is announcing a “Call for Nominations” for its 49th annual Automotive Innovation Awards Gala, the oldest and largest recognition …
15 Michigan companies join MEDC for auto meetings in Mexico
LANSING – Business leaders from fifteen Michigan companies are joining the Michigan Economic Development Corporation at Automotive Meetings Queretaro, taking place Feb. 19-21 in Queretaro, Mexico. “As a developing global …