Lear profits, sales rise
SOUTHFIELD–The Southfield-based automotive seating and electronics manufacturer Lear Corp. (NYSE: LEA) reported net income of $168.7 million or $2.84 a share, up from $68.5 million or $1.14 a share in …
Alps Alpine names new chief technical officer, VP engineering
AUBURN HILLS–Alps Alpine North America Inc. has named Mike Kenhard as chief technical officer and vice president of engineering at its North American headquarters here. Kenhard brings an extensive background …
New remote trailer brake controller from Horizon Global’s Tekonsha brand
PLYMOUTH—Officials at Horizon Global Corp. announced the launch of its Tekonsha Prodigy iD Trailer Brake Controller. The new product integrates a color LED display right into a user’s vehicle’s dashboard, …
Hyundai Mobis to hold Tech Days at Motor Bella, with plenty of auto action from other brands
PLYMOUTH—Officials at Hyundai Mobis, the Korean auto supplier with its U.S. technical center in Plymouth, announced that the company would have a display Sept. 21-24 at the Motor Bella auto …
Lear returns to profit as economy recovers
SOUTHFIELD—Lear Corp. (NYSE: LEA), the Southfield-based manufacturer of automotive seating and economics, reported net income of $175.2 million or $2.89 a share in the fiscal quarter ended July 3, compared …
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 …