Category Archives: Auto Suppliers

Nexteer, MSU To Offer Master’s of Electrical Engineering in Midland

SAGINAW – Nexteer Automotive, the Chinese-owned auto supplier, has signed a memorandum of understanding with Michigan State University to offer a master of science degree in electrical engineering program in Midland, beginning in September. The partnership is aimed at increasing the availability of advanced graduate-level engineering education in the Great Lakes Bay Region.

“In support of our local communities, we seek qualified talent in close proximity to our global locations,” said Robin Milavec, senior executive director of current product engineering at Nexteer. “There’s a continuing need in the Great Lakes Bay Region, including at our Global Technical Center in Saginaw, for individuals fluent in advanced electrical engineering. We believe the availability of a local graduate program backed by MSU will be a great draw for the region.”

The electrical engineering program is open to all qualified applicants and will focus on building graduate students’ competencies in the growing field of automotive electronics, particularly in the areas of vehicle safety, advanced driver assistance systems and autonomous driving technologies. The program and its curriculum were developed in conjunction with MSU’s Department of Electrical and Computer Engineering within the College of Engineering.

With two degree tracks available, the plan replicates MSU’s standard electrical and computer engineering M.S. program requiring 30 credit hours for completion. MSU will offer five graduate courses per year to meet these requirements. As a partner, Nexteer will provide program content recommendations and encourage eligible employees to take part in the educational program.

“We are pleased to partner with Nexteer Automotive in expanding higher education in the Great Lakes Bay Region,” said Leo Kempel, dean of the College of Engineering, Michigan State University. “The company’s commitment to the region has aided us in crafting a program that will further STEM education and meet the area’s intellectual needs. It also affords the opportunity for joint research and innovation as part of the economic development of the region.”

The program, which will be based at an MSU academic center in Midland, will commence with the fall 2017 semester. For more information about the program, including curriculum, application, admission requirements and tuition, visit the MSU Department of Electrical and Computer Engineering website at ece.msu.edu/midlandms.

Nexteer has a global work force of more than 13,000 that serves more than 50 customers in every region of the world. The company has 25 manufacturing plants, five regional engineering centers and 11 customer service centers in North and South America, Europe and Asia. Nexteer Automotive’s customers include BMW, Fiat Chrysler, Ford, GM, PSA Group, Toyota and Volkswagen, as well as automakers in India and China. More at www.nexteer.com.

The Michigan State University College of Engineering has nine academic programs serving 6,400 students, including more than 5,600 undergraduates and 700 graduate students. The college’s research focus is on innovation in automotive, composite materials, energy, health care technologies, pavement preservation, and security. The college is the home of two new academic departments — the Department of Biomedical Engineering and the Department of Computational Mathematics, Science and Engineering and a partner in MSU’s new Institute for Quantitative Health Science and Engineering. A new $60 million Bio Engineering Facility opened in 2016 for interdisciplinary basic and applied research at the interface of life and physical sciences, engineering, information science, and math. More at www.egr.msu.edu.

Roush Opens New Engineering Center in Troy

LIVONIA — The automotive firm Roush recently opened its first Oakland County technical center bringing expanded engineering design and development services dedicated to hybrid and electric vehicles, electric propulsion and battery systems, autonomous vehicles, advanced software development and data analytics.

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Stoneridge Sales, Profits Rise

NOVI — Stoneridge Inc. (NYSE: SRI), the manufacturer of automotive electrical and electronic components, reported higher revenue and net income for the first quarter of the year.

Net income was $9.2 million or 32 cents a share, up 27.8 percent from $7.2 million or 26 cents a share a year earlier. Revenue was $204.3 million, up 25.6 percent from $162.6 million a year earlier.

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Gentherm Sales, Profits Rise

NORTHVILLE — Gentherm Inc. (Nasdaq: THRM), the developer of thermal management technologies, reported rising sales and net income in the first quarter.

Revenue was $249.3 million, up from $215.7 million a year earlier. Net income was $25.4 million or 69 cents a share, up from $11.9 million or 33 cents a share a year earlier.

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Gentex Sales, Profits Rise

ZEELAND — Gentex Corp. (Nasdaq: GNTX), the Zeeland-based automotive and electronics manufacturer, reported net income of $97.6 million or 33 cents a share in the first quarter ended March 31, up from $80.3 million or 28 cents a share in the same quarter a year earlier.

Revenue was $453.5 million, up from $405.6 million a year earlier.

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Nexteer Provides Advanced Cyber Security for Steering Systems

AUBURN HILLS — Nexteer Automotive, the Chinese-owned power steering systems manufacturer, says it is adding cyber security technologies to protect against malicious intrusions and unverified steering commands.

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State Support OK’d For Business Expansions, Flint Incubator

LANSING — The Michigan Strategic Fund has approved three grants to create a new business incubator in Flint and build new manufacturing plants in the Grand Rapids area and Port Huron.

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Stoneridge Income Jumps On Tax Benefit

NOVI — Stoneridge Inc., the Novi-based manufacturer of electronics for the automotive and other transportation markets, reported net income of $48.4 million or $1.70 a share in the fourth quarter, up from $6.1 million or 22 cents a share in the same quarter of 2015.

Revenue was $172.6 million, up from $154.6 million a year earlier.

For the full year, net income was $77.5 million or $2.74 a share, up from $22.8 million or 82 cents a share a year earlier. Revenue was $696 million, up from $644.8 million a year earlier.

The company also issued an “adjusted earnings” figure removing the benefits of deferred tax assets in 2016. Without that benefit, net income for the fourth quarter was $9.6 million or 34 cents a share for the fourth quarter of 2016, and $40.2 million or $1.42 a share for the full year.

The company said it expected 2017 sales of between $705 milion and $730 million, and earnings before interest, taxes, depreciation and amortization of 10 to 11.5 percent of sales. The earnings per share guidance for 2017 was $1 to $1.15 a share.

For more information, including a replay of a conference call discussing the results, visit http://www.stoneridge.com.

Stoneridge was founded in 1965 in Warren, Ohio as a contract manufacturer for the auto industry. It went public in 1997 and moved its headquarters to Novi in 2016.

Superior Industries Sales, Net Income Dip

SOUTHFIELD — Superior Industries International Inc. (NYSE:SUP), the Southfield-based manufacturer of aluminum wheels for light vehicles, reported net income of $7.8 million or 31 cents a share in the fourth fiscal quarter ended Dec. 25, down from $8.1 million or 31 cents a share in the same quarter a year earlier. Revenue was $188.3 million, down from $194.6 million a year earlier. Continue reading Superior Industries Sales, Net Income Dip