Lear sales plunge, loss posted
SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield-based manufacturer of automotive interiors and electronics, reported a net loss of $294 million or $4.89 a share in the second quarter, as sales plunged …
Eaton names new president of ‘eMobility’
CLEVELAND—The transportation products provider Eaton Corp. has named Scott Adams as president of its eMobility business segment. Company officials said Adams, who will be based at Eaton’s Southfield office, will …
UM’s Advanced Transportation Hub funds eight promising mobility projects
ANN ARBOR—The Michigan Translational Research and Commercialization Innovation Hub for Advanced Transportation at the University of Michigan recently awarded a combined $710,000 to eight high-tech, early-stage projects from a pool …
Ford F-150 to debut with advanced SiriusXM system
DEARBORN—Ford Motor Co. and Sirius XM announced that SiriusXM with 360L, SiriusXM’s newest and most advanced audio entertainment platform, will make its Ford debut in the 2021 F-150. SiriusXM with …
Rightware, LG develop auto industry’s first curved OLED display
DETROIT—The Troy office of Rightware, the Helsinki, Finland-based developer of automotive user interface software, announced it collaborated with LG Electronics to develop the industry’s first curved OLED (organic light-emitting diode) …
Lear profits, sales fall amid slowdown
SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield supplier of automotive seating systems and electronics, reported net income of $76 million or $1.26 per share, down from $229 million or $3.73 per …
Nexteer 2019 profit, revenue fall due to China slowdown, GM strike
AUBURN HILLS—Nexteer Automotive, the Chinese-owned, Auburn Hills-based auto supplier, reported income of $232.4 million in 2019, down 38.8 percent from 2018. Revenue was $3.58 billion, down 8.6 percent from 2018. …
Israeli automotive cybersecurity firm opens Detroit office
LIVONIA—GuardKnox Cyber Technologies Ltd., an Israel-based startup developing cybersecurity products for automotive apps and platforms, announced the opening of a new subsidiary, GuardKnox USA, in Livonia. Joe Romeo, who held …
LG creates OLED cockpit for Cadillac Escalade
TROY—The just-unveiled 2021 Cadillac Escalade features P-OLED technology from LG Electronics—an organic light emitting diode (OLED) on a plastic substrate. The achievement marks the first-ever use of a curved OLED display …
Fiat Chrysler rolls out version 5 of Uconnect infotainment system
AUBURN HILLS—Fiat Chrysler Automobiles US Monday announced the introduction of the latest version of its in-vehicle information and entertainment system, Uconnect 5. Company officials said the new service offers an …