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Auto Components Auto Parts and Equipment


  • Chip equipment maker Aixtron, car parts supplier Leoni, construction machinery maker Wacker Neuson and fashion house Hugo Boss lowered expectations, all blaming developments in emerging markets and particularly in China. "We can't exclude that other bigger companies will lower their outlook because of China," said Heino Ruland a equity strategist at...

  • LONDON/ FRANKFURT, Oct 15- Canadian auto parts manufacturer Linamar Corp is in talks to buy French peer Montupet in a deal that values the company at roughly 800 million euros, two sources familiar with the matter said on Wednesday. Linamar and Jefferies declined to comment while Montupet, the supplier of aluminium products to Peugeot and Volkswagen, was not...

  • Are self-driving cars closer than we think? Wednesday, 14 Oct 2015 | 4:24 PM ET
    A GPS driving sensor antennae sits on the back of a Tesla Motors Inc. Model S electric automobile at the Robert Bosch GmbH driverless technology press event in Boxberg, Germany, on Tuesday, May 19, 2015.

    One industry expert says fully autonomous models could hit the market as early as 2020.

  • FRANKFURT/ LONDON, Oct 13- Belgian car parts group Punch Powertrain is being put up for sale by its private equity owners as part of plans to expand in Asian markets, three people familiar with the matter said. One person familiar with the deal said Punch Powertrain's owners hoped to sell the business at a multiple of up to 10 times estimated 2016 core earnings of 110...

  • U.S. indicts three in auto parts price-fixing probe Thursday, 8 Oct 2015 | 4:56 PM ET

    WASHINGTON, Oct 8- Two former executives of Nishikawa Rubber Co and one current executive from the company were indicted on Thursday for allegedly conspiring to fix the prices of weather-stripping and rubber seals for cars made in the United States. The U.S. Justice Department identified the three executives as Keiji Kyomoto, Mikio Katsumaru and Yuji Kuroda,...

  • 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.

  • Oct 6- Auto parts maker Johnson Controls Inc is in talks to buy industrial battery maker EnerSys, the Wall Street Journal reported, citing people familiar with the matter. Shares of EnerSys were up 5.2 percent at $61.97, while Johnson Controls was slightly down at $42.98 on the New York Stock Exchange in late afternoon trading. Up to Monday's close, Johnson...

  • Johnson Controls in talks to buy EnerSys - WSJ Tuesday, 6 Oct 2015 | 3:14 PM ET

    Oct 6- Auto parts maker Johnson Controls Inc is in talks to buy industrial battery maker EnerSys, the Wall Street Journal reported, citing people familiar with the matter. EnerSys had a market value of about $2.73 billion as of Monday's close. EnerSys was not immediately available to comment.

  • Under the radar: Stocks you may be missing Tuesday, 6 Oct 2015 | 1:57 PM ET

    The "Halftime Report" traders looked at the stock stories you may be missing.

  • TORONTO, Oct 6- Canada's Conservative Prime Minister Stephen Harper is set to promise more than C $1 billion in assistance over 10 years for the automotive industry, CTV News reported on Tuesday, one day after agreeing to a new trade pact that critics say will hurt the Canadian industry. Citing an unnamed source, CTV said he would announce loans and grants to...


  • *Price range of 12- 14 eur/ shr, below initial plans. *IPO size cut from 2.5 bln eur to 975 mln eur- sources. Schaeffler announced a price range for the offer of between 12 and 14 euros, to raise around 975 million euros.


  • VW to hold key board meeting Wednesday: Sources Sunday, 4 Oct 2015 | 9:38 PM ET

    VW's board will meet on Wednesday to appoint finance chief Hans Dieter Poetsch head of the company's 20-member controlling panel.

  • Volkswagen's US boss faces grilling by lawmakers Thursday, 1 Oct 2015 | 8:47 PM ET

    Volkwagen's U.S. chief will testify on October 8 before a U.S. congressional oversight panel about the German automaker's emissions cheating scandal.

  • A bustling resale market around...Volkswagens?? Thursday, 1 Oct 2015 | 11:55 AM ET
    Pre-owned Volkswagen vehicles on sale at a dealership in Fair Lawn, New Jersey, on Sept. 29, 2015.

    Online used car marketplaces are seeing a significant upswing in activity surrounding used Volkswagen diesel vehicles.

  • ATLANTA, Oct 1- Mexican Economy Minister Ildefonso Guajardo said on Thursday that negotiators meeting on a Pacific Rim free trade deal were very close to an agreement on autos and auto parts but that a final accord would depend on other elements of the trade deal being discussed in Atlanta. The Trans Pacific Partnership, which seeks to cut trade barriers and set...

  • ATLANTA, Sept 30- Negotiators trying to clinch a Pacific Rim free trade deal made headway on Wednesday over how to remove a stumbling block and give automakers a freer hand to sell cars in the United States with more parts purchased in Asia. People briefed on the closed-door talks said Canada and Mexico signaled a willingness to open the North American auto...

  • Volkswagen could recall 120,000 vehicles in Korea Thursday, 1 Oct 2015 | 12:21 AM ET

    South Korea said Volkswagen's local unit informed the government it could recall about 120,000 vehicles in the country.