SOUTHFIELD—Lear Corp. reported net income of $175.2 million or $2.89 a share in the fiscal quarter ended July 3, compared to a loss of $293.9 million or $4.89 a share in the same quarter a year earlier. Revenue was $4.76 billion, up from $2.44 billion a year earlier. For the six months, net income was
AUBURN HILLS—The auto fluid systems supplier TI Fluid Systems has announced a collaboration with Ford Motor Co. and 3M to produce air flex tube assemblies for powered air-purifying respiratory systems (PAPR) in response to the increased demand caused by the COVID-19 outbreak. 3M’s PAPR uses a waist-mounted, battery-powered blower that sends filtered air into a
DEARBORN - Ford Motor Co. has revealed plans to cut about 1,400 salaried jobs in North America and Asia as part of a cost-cutting plan, but the move is significantly smaller than had been suggested by some news reports earlier in the week. The move comes as Ford struggles to boost sales and earnings after
DETROIT - The much anticipated vote on Brexit, which will now lead to Great Britain’s departure from the European Union, is causing widespread worry in financial and business circles around the world. And among those fearing the impact are key global automakers like Toyota, General Motors and Britain’s own Jaguar Land Rover. Calling it “the
ANN ARBOR - The 8th annual "Inside China: Understanding China's Current and Future Automotive Industry" conference Nov. 11 will feature insights by manufacturers, suppliers, consultants and University of Michigan experts on the current and future prospects for the automotive industry in China. The Chinese market continues to be the largest automotive market in the world
