Showing results for "Adient"
business
Volkswagen Accused of Anticompetitive Campaign by SupplierVolkswagen AG allegedly waged a campaign to “demolish” a Bosnian parts supplier by conspiring to freeze it out of the market and denigrate it in the press, according to a U.S. lawsuit.Prevent Group claims in the lawsuit it was targeted by VW after a 2016 dispute tied to canceled orders for seat covers and transmission cases that forced the carmaker to temporarily close plants making Golf and Passat cars and layoff workers.Top VW officials, including Ralf Brandstätter, head of its main car group,November 30, 2020
business
Have we reached peak industrial spinoff?There have been an unprecedented number of industrial breakups in the past decade. It seems nary a conglomerate has made it through without some sort of major spinoff or asset sale — so much so, that I’ve often wondered whether this craze is going too far. Could it be these companies are simply out of better ideas, and might they miss the diversity they’re so aggressively trying to jettison whenever we do see another downturn? Maybe it’s not the parent companies we should be most worried about,December 6, 2019
markets
GM, Ford Slip as U.S. Auto Sector Hit by Trump Mexico ThreatU.S. automakers and parts suppliers were among the sectors hit hardest in early Friday trading after President Donald Trump’s threat to impose a tariff of up to 25% on Mexican goods. General Motors Co. and Ford Motor Co. each fell more than 3%.May 31, 2019
business
Here's What to Watch at Auto Industry's Annual Deluge of NewsThe biggest week for the U.S. auto industry is now underway as investors, analysts and company executives descend upon Detroit to attend the N.A. International Auto Show, an event that is typically studded with new product announcements, commentaries and guidance.January 14, 2019