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Lear Corp.'s (NYSE: LEA) stock opened at $36.80 on July 16, the day the company announced that a proposed $2.9 billion buyout offer from Carl Icahn was defeated by shareholders. [...]

Five tier-one automotive suppliers representing about $40 billion in annual sales have emerged from Chapter 11 bankruptcy or are poised to do so soon, possibly by the end of the [...]

Five tier-one automotive suppliers hope to either exit Chapter 11 or wrap up their cases this year. Two others left bankruptcy last year. To exit Chapter 11, a company must [...]

A study released last week in Traverse City by the Center for Automotive Research concludes that automotive suppliers waste a lot of time and money bidding for contracts and as [...]

Byline: Brent Snavely Asahi Tec Corp., the new parent company of Metaldyne Corp., has booked $1 billion in new business since it acquired the metal parts maker early this year. [...]

Byline: Brent Snavely Over the past two years, IAC Group has risen rapidly from purely a legal entity into one of the world's largest automotive interiors suppliers. And, before this [...]

Detroit woke up last Monday to the stunning news that former Home Depot Inc. CEO Bob Nardelli was the new CEO of Auburn Hills-based Chrysler L.L.C. Nardelli may be a [...]

Suppliers will be watching new Chrysler L.L.C. CEO Bob Nardelli closely for changes he might make that would quickly affect their relationship with the automaker and their ability to win [...]

Byline: Brent Snavely Auto suppliers waste a lot of time and money bidding for contracts, and as many as three out of every four bids go nowhere, the Center of [...]

Byline: Brent Snavely ArvinMeritor Inc. CEO Chip McClure is urging automotive and manufacturing leaders to push harder in Washington for changes in health care. Speaking here yesterday, McClure said total [...]

Byline: Brent Snavely Although it is losing money in North America, Faurecia SA's North American unit is on the path to profitability and plans to build up to four plants [...]

Byline: Brent Snavely Asahi Tec Corp., the new parent company of Metaldyne Corp., has booked $1 billion in new business since it acquired the metal parts maker early this year. [...]

Charles Woodard hopes to transform the way Detroiters look at hot dogs. 'You don't see a lot of hot dog places around,'' said Woodard, owner of Juicy Red Hots in [...]

Over the past two years IAC Group has risen rapidly from purely a legal entity into one of the world's largest interior suppliers with its Dearborn offices serving as the [...]

When Nancy Schlichting became CEO of Henry Ford Health System in 2001, it had recorded a $75 million year-end loss and was in financial distress. Schlichting has since turned Henry [...]

TRW Automotive Holdings Corp. confirmed for the first time Wednesday that his company considered buying Siemens VDO Automotive AG. But TRW President and CEO John Plant said TRW did not [...]

Byline: Brent Snavely William Kozyra, president and CEO of Continental Automotive Systems North America, said last week Continental AG's planned acquisition of Siemens VDO Automotive AG will not likely result [...]

BorgWarner Inc. and American Axle & Manufacturing Holdings Inc. both reported improved second-quarter results last week, showing at least some North American automotive suppliers are able to perform well even [...]

Seat component maker Amerigon Inc.'s (Nasdaq: ARGN) rapid revenue increases and financial performance are increasingly catching investor interest and have attracted attention from Nasdaq Stock Market Inc. and the Russell [...]

After increasing its revenue by 21 percent in 2006, Noble International Ltd. (Nasdaq: NOBL) is poised to more than double its annual sales this year, mostly due to two major [...]

Byline: Brent Snavely Crain's Detroit Business Continental AG's $15.7 billion acquisition of Siemens VDO Automotive Corp. will create a behemoth in the world of automotive electronics. With combined North American [...]

In a study released in June, Southfield-based AlixPartners L.L.P. concluded that the financial health of the top 25 percent of suppliers has improved since 2002 while the performance of troubled [...]

Saying that this has been a tumultuous year for North American automotive suppliers sounds about right, but somehow the description falls short of what's happened already, and the possibility of [...]

It's back to business as usual at Lear Corp. (NYSE: LEA) after the supplier's shareholders - in a rarely seen rebuff of management - rejected investor Carl Icahn's $2.9 billion, [...]

Byline: Brent Snavely ArvinMeritor once aspired to be a $15 billion (€10.9 billion) automotive parts giant. But in recent years, it has become a smaller company by selling several divisions [...]

Byline: Philip Nussel, Brent Snavely It's back to business as usual at Lear Corp. after the supplier's shareholders - in a rarely seen rebuff of management - rejected investor Carl [...]

The world's two largest makers of automotive crash dummies are based in metro Detroit and dominate the global crash test dummy industry. The companies hatched a merger plan last December [...]

Nearly 30 years ago, Sydney Ross left his job as a wine salesman at J. Lewis Cooper Co. to acquire General Wine & Liquor Co., a rival company he built [...]

Beef jerky manufacturer American Food Co. Inc. (Pink Sheets: AFHD) went public May 3 through a reverse merger, but so far its share price has fallen to nearly zero. Macomb [...]

Byline: Brent Snavely ArvinMeritor Inc. once aspired to be a $15 billion automotive parts behemoth. But in recent years, it has become a smaller company by selling several divisions under [...]

Byline: Brent Snavely For nearly two years, merger and acquisition pros have said foreign companies were shopping for U.S. auto suppliers. But actual deals were hard to find. That's changing. [...]

ArvinMeritor Inc. once aspired to be a $15 billion automotive parts behemoth, but in recent years has become a smaller company by selling several divisions under the guidance of Chairman [...]

About two years ago the owners of Zukey Lake Tavern took a risk. They built an expansion that more than tripled its size and also added an expansive second-floor outdoor [...]

Chip McClure said he learned important, but different, lessons from each of his former employers. McClure, an automotive industry executive since the early 1980s, has logged time with Johnson Controls [...]

After considering Dallas, Chicago, Montvale, N.J., and locations throughout metro Detroit, DaimlerChrysler Financial Services Americas L.LC. is moving just five miles to another building in Farmington Hills. The overriding reason [...]

Byline: Brent Snavely After spending the better part of a decade combining the financial service arms of Mercedes, Freightliner and Chrysler into one company, Klaus Entenmann now must pull the [...]

Southfield-based Federal-Mogul Corp. spent four days in bankruptcy confirmation hearings last week in Pittsburgh but was unable to gain approval of a plan. The confirmation hearings have been continued to [...]

For nearly two years, merger and acquisition professionals have said overseas companies were actively shopping for U.S. automotive suppliers. But examples were hard to find. That's changing. In recent months, [...]

Byline: Brent Snavely Metzeler Automotive Profile Systems of Germany will sell eight plants in Europe as well as interests in several joint ventures in Asia to US supplier Cooper-Standard Automotive. [...]

Byline: Brent Snavely Almost one year after its parent company acquired Motorola Inc.'s automotive electronics business, Continental Automotive Systems says it is almost done integrating the companies and has won [...]

Byline: Brent Snavely The unhealthy state of the North American auto industry will continue to attract attention from private equity firms, according to an industry study released last week. Because [...]

Almost six years after entering Chapter 11 bankruptcy to escape asbestos litigation, Southfield-based Federal-Mogul Corp. may be on the verge of exiting bankruptcy with legendary corporate buyout artist Carl Icahn [...]

Tom McGraw and William Wentworth decided to create their own employee benefits consulting firm 10 years ago even though they would be leaving the comfort of Arthur J. Gallagher & [...]

Byline: Brent Snavely Almost one year after it acquired Motorola Inc.'s automotive electronics business, Continental Automotive Systems said it is almost done integrating the companies and has won several important [...]

Byline: Brent Snavely Almost six years after entering Chapter 11 bankruptcy to escape asbestos litigation, supplier Federal-Mogul Corp. is poised to exit the process with corporate buyout expert Carl Icahn [...]

MotorCity Casino L.L.C. officials and Ilitch family members want to position MotorCity as Detroit's 'hometown casino,'' with $275 million in expanded gambling and new hotel construction that more closely embraces [...]

Byline: Brent Snavely Chrysler, VWoA, Ford file objections Federal-Mogul Corp., in Chapter 11 bankruptcy since October 2001, faces opposition to its reorganization plan from the Chrysler group, Volkswagen of America [...]

With the sun shining and warm weather finally upon Southeast Michigan again, local residents are descending upon the area's most popular waterfront restaurants. Operators of some of the area's best-known [...]

On the same day that Frank Taylor spoke about the importance of business partnerships in Orlando, his own management involvement with Sweet Georgia Brown, his first fine-dining restaurant in metro [...]

American Axle & Manufacturing Holdings Inc. said in its proxy statement this year that it would have to pay Richard E. Dauch, the company's co-founder, chairman and CEO, about $56.4 [...]