Suppliers

Intel ousts CEO Krzanich after relationship with employee

Intel removed Brian Krzanich as CEO after the chipmaker learned he previously had a consensual relationship with an employee, a violation of the company's policies.


Commerce secretary faces heat from GOP senators over auto, steel tariffs

Senators criticized Commerce Secretary Wilbur Ross for investigating possible trade action on auto imports along with the Trump administration's metals tariffs.

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MORE SUPPLIER NEWS OEM/SUPPLIER MANUFACTURING
Study questions massive investments in AVs

Billions of dollars will be lost by many automakers that continue to invest in autonomous and electric vehicles while consumer buy-in remains low, a study from consulting firm AlixPartners says.

Continental board plans powertrain IPO, report says

Continental's supervisory board is moving ahead with plans for an initial public offering of its powertrain unit and a new corporate structure by early July, a sign the supplier's biggest overhaul in decades is taking shape, according to people familiar with the matter.

Visteon CEO battle: 'Vendetta' or get-tough stance?

Visteon, in disclosing the online porn and prostitution pursuits of former CEO Tim Leuliette, appears to have joined a movement among corporations to air executive indiscretions rather than sweep them under the rug.

UPDATED: 6/15/18 5:54 pm ET - adds details
GM exploring strategic options, possible spin-off of Cruise unit

GM has begun researching strategic options for Cruise Automation that include a public sale of shares, listing a separate tracking stock, or spinning off the unit, Bloomberg reported, citing people familiar with the matter. GM won't make a decision until Cruise is further along in development and may not take any action for a couple of years, if at all.


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