×

Automobiles and Components Auto Components

  • *Takata files for protection in Japan, U.S. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. TK Holdings, its U.S. operations, filed Chapter 11 bankruptcy in Delaware...

  • *Takata board held meeting this morning in Tokyo- Japan media. *Bankruptcy filings coming soon in Japan- Reuters sources. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen, a source said.

  • Man killed in Tesla 'Autopilot' crash reportedly got numerous warnings

    A man killed in a Tesla semi-autonomous car kept his hands off the wheel for extended periods of time despite numerous warnings, according to a report.

  • SAN FRANCISCO, June 19- Canadian auto supplier Magna International Inc will produce BMW's new 5- series plug-in hybrid at its Austrian factory, the company said on Monday, part of a strategy to produce electric cars on a contract basis for global automakers. The BMW 530 plug-in hybrid will be manufactured beginning this summer at Magna's plant in Graz, Austria,...

  • Lenders and finance companies have dramatically pulled back the number of loans they issue to borrowers with the poorest credit records.

  • TAIPEI, June 2- Chipmakers switched focus at Taiwan's top tech fair this week with bets on new areas such as driverless cars, virtual reality and artificial intelligence, shifting away from smartphones where intense competition has pushed down components prices. The Computex Taipei event, now in its 36th year, has historically been a central venue for...

  • FRANKFURT, May 26- German prosecutors investigating whether carmaker Daimler manipulated emission tests on its diesel cars are looking at whether auto components supplier Bosch was involved in the alleged fraud, it was confirmed on Friday. "There is an investigation into aiding and abetting fraud," a spokesman for the Stuttgart prosecutor said following a...

  • Hard to see where differences between Fiat and VW lie

    Anna-Marie Baisden, head of autos research at BMI Research, speaks about the U.S. government's suing of Fiat Chrysler over violating emissions tests.

  • Proton Holdings Saga vehicles move along the assembly line at the company's factory in Shah Alam, Selangor, Malaysia.

    Chinese automaker Geely will be taking a 49.9 percent stake in Malaysia's iconic, home-grown, but long-struggling carmaker Proton.

  • Auto parts drag on retail sector

    CNBC's Phil LeBeau takes a look at the disappointing earnings from Autozone and other worries for auto parts retailers.

  • 19-year-old Max Verstappen breaks Zandvoort lap record in a demo run

    Max Verstappen, one of the rising stars in racing, just unofficially broke the record for fastest lap at Netherlands' Circuit Park Zandvoort race track.

  • Tesla workers are passing out on the factory floor, according to a report

    Workers at Tesla in California are working so hard, they have been reportedly passing out on the factory floors.

  • An auto worker assembles parts that will be welded by a robot for the Dodge Dart rear wheel house at Fiat Chrysler Automobiles NV's Warren Stamping Plant in Warren, Michigan.

    This could happen as early as this week if no agreement is reached with the Italian-American automaker, two sources said.

  • TOKYO, May 10- Japan's Takata Corp on Wednesday reported a full-year net loss of 79.6 billion yen- its third consecutive annual loss- as the embattled auto parts maker faces bankruptcy over costs related to the recall of its potentially deadly air bag inflators. Even as it faces the auto industry's biggest-ever recall, Takata forecast a net profit of 5 billion yen...

  • TOKYO, May 10- Japan's Takata Corp on Wednesday reported a full-year net loss of 79.6 billion yen- its third consecutive annual loss- as the embattled auto parts maker faces bankruptcy over costs related to the recall of its potentially deadly air bag inflators. Even as it faces the auto industry's biggest-ever recall, Takata forecast a net profit of 5 billion yen...

  • SEOUL, May 2- Samsung Electronics Co Ltd has got permission from South Korean authorities to domestically test a driverless vehicle fitted with its electronic parts and software, as the tech giant aims to muscle into the automotive industry in search of a new growth driver. The land ministry, in a statement issued on Monday, said the car is a modified version of a...

  • TOKYO, April 27- Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities. The Nikkei business daily reported Chinese-owned car parts maker Key Safety Systems, the...

  • TOKYO, April 27- Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities. The Nikkei business daily reported Chinese-owned car parts maker Key Safety Systems, the...

  • TOKYO, April 27- Trading in shares of Japan's Takata Corp was suspended on Thursday after a newspaper report that the embattled auto parts maker was considering filing for bankruptcy protection, selling all operations to a newly created company. The Nikkei business daily said the plan would call for U.S.-based Key Safety Systems, a unit of China's Ningbo...

  • *To invest 300 mln euros more in electric drives by 2021. BERLIN/ FRANKFURT, April 25- Car components maker Continental AG is set to invest an extra 300 million euros in electric drives by 2021 but also remains committed to its combustion-based powertrain business, the company said on Tuesday. By raising spending on development of new products such as charging...