Stoneridge profit shrinks
NOVI—Stoneridge Inc. (NYSE: SRI) reported first quarter net income of $130,000 or less than a penny a share in the first quarter, down from $3.5 million or 13 cents a …
Lear acquires injection molding firm
SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield manufacturer of automotive seating and electronics systems, announced the acquisition of M&N Plastics, a privately owned, Sterling Heights-based injection molding specialist and manufacturer of …
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 names Halverson to board
SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield-based supplier of automotive seating and electronics, announced that Bradley M. Halverson has been appointed to its board of directors. Halverson is an experienced director …
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 …
Gentex rolls out HomeLink system for aftermarket
ZEELAND—Gentex Corp. (NASDAQ: GNTX), the Zeeland-based automotive electronics manufacturer, announced it has began shipping the latest version of its HomeLink car-to-home automation system to Hauppage, N.Y.-bsaed Voxx Electronics Corp. for …
Zeeland’s Gentex buys Arizona firm’s 25 billionth microcontroller unit
CHANDLER, Ariz.—Microchip Technology Inc. (Nasdaq: MCHP) announced that it has sold its 25 billionth microcontroller unit to Gentex Corp. (Nasdaq: GNTX), a Zeeland-based manufacturer of electronics for the auto industry. …
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 …
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 …
Visteon to showcase digital cockpit, autonomous car tech at CES
LAS VEGAS — Visteon, the Van Buren Township-based auto supplier, announced the highlights of its large exhibit at CES 2019, formerly the International Consumer Electronics Show, in Las Vegas this …