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  • Auto parts maker BorgWarner's revenue rises 6.6 pct Thursday, 11 Feb 2016 | 8:08 AM ET

    Feb 11- Auto parts maker BorgWarner Inc's quarterly revenue rose 6.6 percent, helped by strength in its business that makes fuel-saving turbochargers and emissions systems. The net income attributable to BorgWarner fell to $125.3 million, or 56 cents per share, in the fourth quarter ended Dec. 31 from $139.9 million, or 61 cents per share, a year earlier.

  • Advance Auto Parts beats 4Q profit forecasts Thursday, 11 Feb 2016 | 6:37 AM ET

    ROANOKE, Va.— Advance Auto Parts Inc. on Thursday reported fourth-quarter profit of $54.8 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share. Advance Auto Parts shares have fallen almost 8 percent since the beginning of the year.

  • *Daimler takes charge of 340 million euros. FRANKFURT/ WASHINGTON, Feb 10- The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier. The vehicles to be recalled have Takata-made air bag...

  • BRASILIA/ SAO PAULO, Feb 4- Brazil's trade minister called for unrestricted auto trade with Mexico and Argentina on Thursday, after data showed the local automotive sector had its worst January in a dozen years. In a brief interview with Reuters, Trade Minister Armando Monteiro said he would propose free trade in vehicles and auto parts when he travels next week...

  • AUTO SUPPLIER CONTINENTAL AUTOMOTIVE SYSTEMS IS RECALLING 5 MLN U.S.

  • Honda recalls 1.7M cars for Takata air bags Thursday, 4 Feb 2016 | 6:27 AM ET
    Honda recalls 1.7M cars for Takata air bags

    American Honda is recalling 1.7 million new and used vehicles from 2007 to 2015.

  • *Ankara aims for $30 bln in trade with Iran by 2023. ISTANBUL, Feb 2- The lifting of sanctions against Iran may be a mixed blessing for Turkey, opening up access to a fast-growing, lucrative market, but one that could someday rival Ankara as both an investment destination and exporter. NATO- member Turkey remains the region's economic powerhouse, with output of nearly...

  • Suzuki recalls 68K motorcycles Friday, 29 Jan 2016 | 10:00 AM ET
    Suzuki recalls 68K motorcycles

    The auto company is recalling motorcycles due to a battery charging system issue.

  • STUTTGART, Jan 27- German auto supplier Robert Bosch said it had launched an internal probe to investigate whether any of its staff were involved in a scandal over the rigging of automotive emissions tests that has engulfed Volkswagen. Stuttgart- based Bosch, which released preliminary full-year earnings on Wednesday, makes an engine management programme...

  • 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...

  • Ford recalls 391K pickup trucks Wednesday, 27 Jan 2016 | 6:00 AM ET
    Ford recalls 391K pickup trucks

    The recall covers trucks from the 2004 through 2006 model years in the U.S. and Canada.

  • *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...

  • LG eyes smart cars Tuesday, 26 Jan 2016 | 6:00 AM ET
    LG eyes smart cars

    The South Korean electronics giant says it plans to develop new areas of business in the automobile space.

  • 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...

  • TOKYO, Jan 22- Japanese stocks rebounded on Friday as crude oil prices bounced and comments by European Central Bank President Mario Draghi stoked hopes of more stimulus for Europe. "The market is reacting positively to the American Petroleum Institute figures reporting a 4 million barrel addition and not the 4.6 million barrel we'd expected," said Martin King,...

  • *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...

  • Jan 15- Federal-Mogul Holdings Corp said on Friday it will not go ahead with a previously announced separation of its motorparts division. The company said in September 2014 it would separate its two main businesses- motorparts and powertrain- into two publicly traded companies. The auto parts maker said on Friday the two independent segments will have...

  • Tesla caters to vegans Thursday, 14 Jan 2016 | 8:00 AM ET
    Tesla caters to vegans

    The luxury electric car maker now offers a synthetic leather option for the new model x sport utility vehicle.

  • Jan 13- Canada's Magna International Inc said it expected sales in its auto parts manufacturing business to rise about 15.7 percent this year, helped by acquisitions including that of German transmission parts maker Getrag. Magna said it expects sales in its parts production business to rise to $30.3 billion- $31.6 billion in 2016, from an estimated $26.3...

  • Magna forecasts production sales to rise 15.7 pct in 2016 Wednesday, 13 Jan 2016 | 7:16 AM ET

    Jan 13- Canada's Magna International Inc said it expects sales from its auto parts manufacturing business to rise about 15.7 percent this year. Magna said it expects total production sales from the business to rise to $30.3 billion- $31.6 billion in 2016 from its 2015 estimate of $26.3 billion- $27.2 billion. The company said it expects $1.8 billion- $2.0 billion...