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  • BRUSSELS, Jan 27- European Union regulators fined Japan's Mitsubishi Electric and Hitachi Ltd 137.8 million euros on Wednesday for fixing prices of car parts. The European Commission said the cartel for alternators and starters operated between September 2004 and February 2010, when Mitsubishi Electric, Hitachi and Denso coordinated responses to tenders...

  • *TrelleborgVibracoustic seen valued at about 2 bln euros. FRANKFURT, Jan 26- Swedish industrial rubber maker Trelleborg is in talks to sell its roughly 1 billion euro stake in TrelleborgVibracoustic to buyout group KKR as a possible alternative to a stock market listing for the car parts business, according to two sources. Trelleborg and German partner...

  • BRUSSELS, Jan 25- European Union antitrust regulators are set to punish Japanese auto parts makers for allegedly fixing prices of starter motors and accelerator modules, two people familiar with the matter said on Monday. The European Commission action will mark the first of several automobile-related cases scheduled for 2016 and is the latest in a series of...

  • *Daimler to sell Mercedes-Benz, FUSO trucks in Iran. The areas of cooperation include a joint venture for local production of Mercedes-Benz trucks and powertrain components, plus the establishment of a sales company for Mercedes-Benz trucks and components. In addition to the plans for Mercedes-Benz trucks, Daimler Trucks also sees great opportunities for...

  • Chinese billionaire bets on Vegas for Tesla challenge Wednesday, 9 Dec 2015 | 10:38 PM ET
    Tesla Model X

    Jia Yueting is betting Las Vegas will give him the winning hand in the electric car market. In fact, he's gambling $1 billion on it.

  • DETROIT, Dec 8- Union workers at Nexteer Automotive Group Ltd's plant in Saginaw, Michigan, reached a tentative agreement on a new contract late on Tuesday and will return to work after a nearly day-long strike, officials from the United Auto Workers said. Nexteer, controlled by a unit of Aviation Industry Corp of China, was formerly part of GM and remains a major...

  • DETROIT, Dec 8- Union workers at Nexteer Automotive Group Ltd's plant in Saginaw, Michigan, walked off the job early Tuesday after rejecting a proposed contract, halting production of steering systems and other components essential to vehicle production by General Motors Co and other automakers. Ford Motor Co said in a statement that Nexteer's Saginaw...

  • DETROIT, Dec 8- Union workers at Nexteer Automotive's complex in Saginaw, Michigan, walked off the job early Tuesday after rejecting a proposed contract, halting production of steering systems and other components essential to vehicle production by General Motors Co and other automakers. United Auto Workers union Local 699 announced the strike on its...

  • WASHINGTON, Dec 1- German auto supplier Robert Bosch GmbH has been accused of conspiring with Volkswagen AG to evade diesel emissions standards in at least 11 million vehicles worldwide in a class action lawsuit filed late on Monday. The lawsuit filed by a New York diesel owner in U.S. District Court in Detroit names Bosch- the world's largest auto supplier- along...

  • DETROIT- Nov 20- The head of Daimler AG's commercial truck operation told Reuters Friday the company will invest $375 million at a complex near Detroit to build diesel engines for medium duty trucks, expanding a strategy of building and selling trucks, engines, transmissions and axles as a package. Daimler had previously expanded its Detroit operations to...

  • WASHINGTON, Nov 19- U.S. authorities are investigating German auto supplier Robert Bosch GmbH over its role in Volkswagen AG's massive scheme to cheat U.S. emission standards, according to people familiar with the matter. Bosch built key components in the diesel engine used in six Volkswagen models and one Audi model that the automaker has admitted to rigging...

  • Audi: 25% of sales to come from electric cars Wednesday, 18 Nov 2015 | 5:23 PM ET
    Scott Keogh, President of Audi of America, introduces the Audi A3 and S3 during the 2013 Los Angeles Auto Show in Los Angeles, California November 20, 2013.

    President of Audi of America Scott Keogh discusses Audi sales this year, as well as sales of electric and hybrid cars.

  • Takata shares tank; carmakers may ditch its inflators Thursday, 5 Nov 2015 | 9:32 PM ET
    An employee sews an airbag at Takata's crash-testing facility in Auburn Hills, Michigan, August 19, 2010.

    Shares of scandal-hit Japanese auto parts maker Takata extended double-digit falls into a third day, plunging as much as 15 percent in early trade.

  • TOKYO, Nov 5- Toyota Motor Corp cut its full-year revenue forecast on Thursday as the Japanese company expects weaker vehicle sales in emerging Asian countries, where demand for cars has been hit by slowing growth. Slowing sales may knock Toyota from its perch as the world's biggest selling automaker, a title it has held for the past few months after unseating...

  • Mercedes recalls 126k cars for faulty air bags Wednesday, 4 Nov 2015 | 10:00 AM ET
    Mercedes recalls 126k cars for faulty air bags

    Mercedes-Benz is issuing a recall for 126,000 cars for air bags that can inflate without a crash.

  • Volkswagen dealership

    The VW investigation is also looking into managers who knew of the deception and failed to take appropriate measures, the NYT reports.

  • Oct 16- Honeywell International Inc, a maker of industrial, aerospace and auto components, reported lower-than-expected quarterly revenue, hurt by weak demand from oil and gas customers. Sales in Honeywell's performance materials and technologies business, which caters to industries including oil and gas and chemicals, fell 13 percent in the third quarter.

  • Trader beating S&P: Buy this auto parts stock Friday, 9 Oct 2015 | 3:20 PM ET
    Lear headquarters in Southfield, Mich.

    Stephanie Link, whose "Halftime Report" model portfolio is up 7 percent this year, believes shares of Lear are poised to rise from here.

  • DETROIT/ WASHINGTON, Oct 7- A popular diesel engine management program used by several top automakers, including Volkswagen AG, was not preprogrammed to detect when a vehicle was undergoing laboratory emissions testing, according to the U.S. Environmental Protection Agency and a former EPA official. Daimler AG's Mercedes-Benz, which uses the same engine...

  • VW woes send resale prices into a hard skid Wednesday, 7 Oct 2015 | 3:28 PM ET
    Pre-owned Volkswagen vehicles on sale at a dealership in Fair Lawn, New Jersey, on Sept. 29, 2015.

    Despite the decrease in value of used cars, Volkswagen revealed Thursday that its U.S. sales rose 0.6 percent in September.