James Chao, MD of IHS Automotive, says Takata's guilty plea is a good start but new lawsuits could potentially unfold.
Takata may reverse policy and move to setup a compensation fund to pay damages in cases of injury or death because of faulty airbags made by the firm, the WSJ stated.
TOKYO, Feb 7- Honda Motor Co Ltd and Hitachi Ltd's auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles, joining forces to better compete in the highly specialized "green" car segment. The venture will be established in July with an investment of 5 billion yen, and will be 51 percent owned by Hitachi Automotive...
FRANKFURT, Feb 2- Demand for chips for cars, especially in China, will lift Infineon's profit in 2017, the German chipmaker said, sticking to its forecast for revenue growth and profit margin. Chips made by Infineon are used by carmakers including Tesla and Hyundai as well as auto parts suppliers Continental and Bosch to activate airbags, enable cruise control,...
Morgan Stanley predicts some form of autonomous driving technology will be in all U.S. cars by 2022.
Alex Gunz, fund manager at Heptagon-Capital, discusses his favoring of Valeo's stock in the light of future developments in the car industry.
Automakers already do a lot of business overseas. Under Trump, they'll have to rethink where they produce their cars, Bob Nardelli says.
BERLIN, Jan 24- German automotive supplier SHW Automotive GmbH said a maker of electric cars had cancelled a 100 million euro order, sending its shares down as much as 9.5 percent to a four-month low on Tuesday. Shares in Aalen, Germany- based SHW were down 7.5 percent to 30.12 euros at 1321 GMT, having traded as low as 29.49 euros. Spokespeople in Germany for...
Panasonic aims to extend its partnership with electric car maker Tesla Motors beyond batteries and into self-driving technology.
Goldman predicts Mobileye's earnings will grow 40 percent per year through 2021.
Japanese auto parts maker Takata took a major step toward putting its airbag scandal behind it on Friday, the NYT reports.
Jefferies predicts Mobileye's sales to automotive companies will grow 46 percent per year through 2020.
Judicial investigation launched into Renault over emissions, a source told Reuters, causing the carmaker's shares to fall sharply.
Anna-Marie Baisden, auto analyst at BMI, adds that VW's new product launches look "quite positive," with investors bullish.
Japan's Takata could settle criminal charges with the U.S. Department of Justice before the Obama administration leaves office.
STUTTGART, Dec 7- German auto supplier ZF has launched the sale of its Body Control Systems division, Chief Executive Stefan Sommer said, seeking to shed assets it no longer deems essential after its takeover of rival TRW. "We are at a very early stage," Sommer told journalists at the Stuttgart Economic Press Club in remarks embargoed for Wednesday.
PARIS, Nov 18- French car parts maker Plastic Omnium has received a binding offer from German group Mutares for its heavy duty truck business, the companies said on Friday. The business, which entails designing and manufacturing the body and structural parts for the heavy duty truck industry, employs more than 1,500 people and had 2015 sales of 190 million euros.
Nov 3- U.S. auto-parts maker American Axle& Manufacturing Holdings Inc agreed to buy Metaldyne Performance Group Inc for about $1.6 billion in a cash-and-stock deal, a move that would help lower its dependence on General Motors Co.. Shares of Detroit- based American Axle, which was spun off from GM in 1994, were down 15.6 percent at $14.01, while Southfield,...
Nov 3- U.S. auto-parts maker American Axle& Manufacturing Holdings Inc said it would buy Metaldyne Performance Group Inc for about $1.6 billion in a cash-and-stock deal to bolster its powertrain and drivetrain product lines. The deal will also additionally include the assumption of $1.7 billion of Metaldyne's debt. Shareholders of Metaldyne, which makes...
*Volvo to make stretched S90 sedans in China. SHANGHAI, Nov 2- Swedish car maker Volvo announced on Wednesday moves deepening cooperation with its Chinese parent Zhejiang Geely Holding Group Co- a tie-up that's shaping up to show that China can make a success of buying consumer brands. Volvo's global chief executive Hakan Samuelsson and Geely Chairman Li Shufu...