Auto Components Auto Parts and Equipment

  • WASHINGTON/ TOKYO, Sept 24- Japanese air bag supplier Takata Corp said it failed to inform the U.S. auto safety agency of a 2003 rupture of one of its air bag inflators in Switzerland, according to an internal Takata report released by U.S. regulators on Friday. In the United States, nearly 70 million inflators have been declared defective. In one event detailed in the...

  • Stocks to Watch: September 22, 2016

    AutoZone, Rite Aid and Yahoo are making headlines this Thursday morning before the opening bell.

  • Auto parts

    Jefferies predicts Amazon's auto parts offering and discounting will hurt auto parts retailers' profits.

  • Sept 20- A tentative labor deal with General Motors Co shows the onus Canada's autoworkers union will put on new investment in upcoming talks with Ford Motor Co and Fiat Chrysler, the union's head said on Tuesday. The deal includes pension concessions by the union, Unifor, and a rare shift in work from Mexico to an Ontario facility, averting a strike that would have...

  • A strike would involve nearly 4,000 workers at two GM plants in the Ontario cities of Oshawa and St Catharines. GM Canada spokeswoman Jennifer Wright said in an email that the company was focused on working with Unifor to reach a "mutually beneficial and competitive new agreement. Canada has been struggling to get new investments from automakers in its...

  • A strike would involve nearly 4,000 workers at two GM plants in the Ontario cities of Oshawa and St Catharines. GM Canada spokeswoman Jennifer Wright said in an email that the company was focused on working with Unifor to reach a "mutually beneficial and competitive new agreement. Canada has been struggling to get new investments from automakers in its...

  • A strike would involve nearly 4,000 workers at two GM plants in the Ontario cities of Oshawa and St Catharines. GM Canada spokeswoman Jennifer Wright said in an email that the company was focused on working with Unifor to reach a "mutually beneficial and competitive new agreement. Canada has been struggling to get new investments from automakers in its...

  • TORONTO, Sept 19- All issues are on the table in negotiations with General Motors Co, the head of its main Canadian autoworkers union said on Monday, as the union pushes to secure new investment as part of a labor contract ahead of a midnight strike deadline. Unifor and General Motors Co, which resumed talks early on Monday, have been divided over union demands that GM...

  • Canadian industries such as auto parts compete with Mexico to export to the United States. "The risks are certainly more pronounced for the Mexican peso than they are for the Canadian dollar, given the more confrontational rhetoric that Trump has had toward Mexico." said Ian Gordon, FX strategist at Bank of America Merrill Lynch.

  • Adient: Will be the world's largest car seat manufacturer

    With Johnson Controls spinning off its auto parts business, Bruce McDonald, incoming Adient CEO, discusses the new business and the state of the auto industry.

  • PARIS, Sept 15- French carmaker PSA said on Thursday a partnership with a U.S. 3 D printing startup would lead to cheaper production of whole vehicle structures as well as parts for its models. The maker of Peugeot, Citroen and DS cars said it had agreed with Los Angeles- based Divergent 3 D to develop metal printing processes for PSA production lines.

  • TOKYO, Sept 9- Private equity firms KKR, Bain Capital and MBK Partners are set to submit second-rounds bids to buy Japanese auto parts maker Calsonic Kansei Corp, which has a market value of $2.4 billion, people with direct knowledge of the matter told Thomson Reuters LPC. The buyout firms will bid for Nissan Motor Co's 41 percent stake in Calsonic, which Japan's...

  • WASHINGTON, Sept 6- Auto supplier Robert Bosch GmbH concealed the use of Volkswagen AG's secret "defeat device" software that it helped design and demanded in 2008 that the German automaker provide legal protection in its use, lawyers for American owners alleged in a court filing. The filing on Friday in U.S. District Court in San Francisco expands on claims...

  • TORONTO, Sept 6- Canada's autoworkers' union, which steps up pressure in contract talks by naming a strike target on Tuesday, may see its ability to win concessions undermined by outside factors, ranging from high power rates to manufacturers' increased reliance on more costly imported parts, industry experts say. The top priority for the union, named Unifor, is to...

  • *CEO says single-source deals to be examined. *Supplier dispute halted production at six plants. HAMBURG, Aug 30- Volkswagen Chief Executive Matthias Mueller has vowed to review the German car giant's procurement strategy to avoid any repetition of the crippling supplier dispute that hit production at six plants this month.

  • MUNCIE, Indiana, Aug 30- One night a month, retired auto workers shuffle into a former elementary school classroom here to discuss their legal fight against the company that cancelled their health care benefits seven years ago. The group is a remnant of a once-powerful United Auto Workers union local, which at its peak in the 1960 s represented over 5,000 workers...

  • *VW CEO says Prevent Group had not signed up to code. VW suppliers Car Trim and ES Automobilguss, both part of Prevent Group, triggered the disruptions by halting deliveries of seat covers and cast iron parts for gearboxes, exposing how dependent VW has become on some of its suppliers. "One could discuss at length who is to blame for the fact that this situation went...

  • Aug 29- A truck transporting Takata Corp air bag propellant material at the center of a global recall crashed and exploded in Texas last week, killing one woman and injuring four other people, the auto parts supplier said on Monday. Takata said the truck, operated by a subcontractor, was traveling from a Takata plant in Moses Lake, Washington, to a Takata warehouse in...

  • Aug 29- A truck that was transporting Takata Corp air bag inflators and propellant material at the center of a global recall exploded in Texas last week, killing one woman and injuring four other people, the auto parts supplier said on Monday. Takata said a truck, operated by a subcontractor, was traveling to a Takata warehouse in Eagle Pass, Texas, early on Aug. 22 when...

  • Aug 29- A truck that was transporting Takata Corp air bag inflators and propellants at the center of a global recall exploded in Texas last week, killing one woman and injuring four other people, the auto parts supplier said on Monday. Texas state officials did not immediately return calls for comment early on Monday. Takata has a warehouse in Eagle Pass, which is...