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Auto Components Auto Parts and Equipment

  • *India set to roll out new sales tax on July 1. NEW DELHI, June 29- Rakesh Sachdeva sells auto parts in a busy market in central Delhi, just a few miles from Prime Minister Narendra Modi's office. Until now, his rundown premises and small scale operation has kept the business below the radar of India's tax officials.

  • SAN FRANCISCO, June 29- Peer at the instrument panel on your new car and you may find sleek digital gauges and multicolored screens. What's at stake is a piece of the $37- billion cockpit electronics market, estimated by research firm IHS Market to nearly double to $62 billion by 2022. Meanwhile, the number of suppliers for those components is likely to dwindle as...

  • SAN FRANCISCO, June 29- Peer at the instrument panel on your new car and you may find sleek digital gauges and multicolored screens. What's at stake is a piece of the $37- billion cockpit electronics market, estimated by research firm IHS Market to nearly double to $62 billion by 2022. Meanwhile, the number of suppliers for those components is likely to dwindle as...

  • Ford recalls more than 400,000 vehicles for safety and compliance issues

    The safety recall will impact approximately 400,000 2015-17 Ford Transit van or bus vehicles.

  • DOVER, Del.— A Delaware bankruptcy judge on Tuesday granted several preliminary orders allowing Japanese auto parts supplier Takata to move forward with its reorganization plan, which includes the sale of most of its assets to a Chinese-owned rival for $1.6 billion. An attorney representing the U.S. Virgin Islands, which has sued Takata and Honda over the...

  • *Italy's Carige bucks positive banks on capital worries. MILAN/ LONDON June 27- Hawkish comments from European Central Bank President Mario Draghi hit interest rate-sensitive utilities shares on Tuesday, dragging down European indexes, while a warning from auto parts supplier Schaeffler hit the whole sector. Shares in Spanish power network operator Red...

  • TORONTO, June 27- Canada's main stock index see-sawed higher on Tuesday, buoyed by firmer hefty energy and financial stocks, but gains were dampened by losses across multiple other sectors. At 10:48 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 26.17 points, or 0.17 percent, at 15,342.19. U.S. crude rallied 2.2 percent to $44.32 a barrel.

  • TORONTO, June 27- Canada's main stock index slipped early on Tuesday, as losses for stocks including car parts maker Magna International Inc and Burger King owner Restaurant Brands International Inc offset gains for energy and materials stocks.

  • *FTSE 100 edges lower as Europe falls. LONDON, June 27- Stalling auto stocks and a weak travel and leisure sector weighed on Britain's FTSE, while updates from Carpetright and Debenhams gave conflicting pictures of the health of British consumers as inflationary pressures start to bite. The FTSE 100 was down 0.4 percent by 0820 GMT, erasing all the previous...

  • *Takata filed for bankruptcy in U.S. and Japan. TOKYO, June 27- Japanese auto parts maker Takata Corp expressed condolences on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world, but stopped short of offering a full apology. The meeting came a day after Takata, facing tens of billions of dollars in costs and...

  • LONDON, June 27- A drop in autos stocks after Germany's Schaeffler cut its profit outlook and disappointment over a failed buyout of Stada hit European shares on Tuesday, offsetting gains among basic resources firms and Spain's Bankia. Germany's DAX was 0.4 percent weaker. Spanish banks were a bright spot as investors cheered Bankia's move to buy smaller peer...

  • TOKYO, June 27- Japanese auto parts maker Takata Corp expressed condolences on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world. Executives offered the apology at the firm's last annual shareholder meeting as a listed company. Takata has filed for bankruptcy protection in Japan and the United States and...

  • SAN FRANCISCO, June 26- Chipmaker Nvidia Corp announced on Monday it was partnering with Volvo Cars and Swedish auto supplier Autoliv to develop self-driving car technology for vehicles due to hit the market by 2021.. Volvo is owned by China's Geely Automobile Holdings Ltd. The company, whose many partners already include Tesla Inc, Toyota Motor Corp and tier...

  • SAN FRANCISCO, June 26- Chipmaker Nvidia Corp announced on Monday it was partnering with Volvo Cars and Swedish auto supplier Autoliv to develop self-driving car technology for vehicles due to hit the market by 2021.. Volvo is owned by China's Geely Automobile Holdings Ltd. The company, whose many partners already include Tesla Inc, Toyota Motor Corp and tier...

  • TOKYO, June 27- Japanese auto parts maker Takata Corp apologised on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world. Executives offered the apology at the firm's last annual shareholder meeting as a listed company. Takata has filed for bankruptcy protection in Japan and the United States and agreed to be...

  • TOKYO, June 27- Japanese auto parts maker Takata Corp apologized on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world. Executives offered the apology at the firm's last annual shareholder meeting as a listed company. Takata has filed for bankruptcy protection in Japan and the United States and agreed to be...

  • *Takata files for protection in Japan, U.S. *Liabilities estimated by analysts at $15 bln. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key...

  • *Takata files for protection in Japan, U.S. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems. TK Holdings, its U.S....

  • *Takata files for protection in Japan, U.S. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems.

  • *Takata files for protection in Japan, United States. TOKYO, June 26- Japan's Takata Corp, the firm at the center 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 rival Key Safety Systems. Takata Americas, its U.S. arm, filed for Chapter 11...