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  • UPDATE 1-Visteon names new CEO to succeed Tim Leuliette Wednesday, 10 Jun 2015 | 8:47 AM ET

    June 10- Auto parts maker Visteon Corp named Sachin Lawande as its chief executive, a day after the company announced a $500 million accelerated share buyback plan. "Sachin's unique combination of experience in the automotive, technology and software industries will be critical as we seek to capitalize on the dynamic growth of the connected vehicle ecosystem,"...

  • June 10- Auto parts maker Johnson Controls Inc said it was exploring strategic options for the separation of its automotive business. The automotive business, which makes seating and interiors for vehicles, accounted for 52 percent of the company's 2014 sales. The company's other two businesses are heating, ventilating and a/c systems, and power solutions,...

  • Visteon names new CEO to succeed Tim Leuliette Wednesday, 10 Jun 2015 | 8:11 AM ET

    June 10- Auto parts maker Visteon Corp named Sachin Lawande as its chief executive, succeeding Timothy Leuliette, who said in March he would step down by the end of the year.

  • WASHINGTON, June 5- U.S. safety regulators acknowledged shortfalls in their probe of a General Motors Co ignition switch defect linked to over 100 deaths, and unveiled plans on Friday for more aggressive enforcement of auto defects. The National Highway Traffic Safety Administration said its staff missed early signs of an ignition problem because they...

  • Takata replacement still leaves questions unanswered Tuesday, 2 Jun 2015 | 7:48 PM ET
    Takata replacement still leaves questions unanswered

    Karl Brauer, senior analyst with Kelley Blue Book, discusses news that Takata Corp will "rapidly" reduce production of a volatile chemical that has been linked to ruptured air bag inflators.

  • TOKYO, May 28- Honda Motor Co called back about 690,000 cars in Japan and the United States to replace air bag inflators made by Takata Corp after the Tokyo- based parts supplier last week agreed to comply with U.S. orders to expand some of its previous recalls. Of the recalls announced on Thursday, about 350,000 are of vehicles registered in the United States and...

  • Here's the car-market play for investors now Tuesday, 26 May 2015 | 7:00 AM ET
    A Pep Boys Auto Service location in Lakewood, California.

    News that Pep Boys has caught the eye of private equity is the latest evidence of this investing trend, says investment banker Vincent Carey.

  • Can Takata survive the massive airbag recall? Thursday, 21 May 2015 | 7:01 PM ET

    Takata is facing an increasing risk of a cash crunch as the cost of its global airbag recall spirals ever-upwards, analysts warn.

  • Hyundai's union boss walks negotiating tightrope Monday, 18 May 2015 | 8:15 PM ET

    Hyundai's union boss faces dissent from within the country's most strike-prone union even as the company is trying to ditch its wage structure.

  • Autos and miners help European shares to advance Monday, 18 May 2015 | 4:36 AM ET

    However, Italy's FTSE MIB index fell 0.9 percent as several companies in the index traded without the attraction of their latest dividend payouts. The STOXX Europe 600 Automobile and Auto Parts index rose 1.4 percent, the top sectoral gainer, helped by a 2.4 percent rise in shares of Volkswagen after Deutsche Bank saw an upside from efficiency gains at the...

  • *Car companies use Nvidia's "supercomputer on a chip". DETROIT, May 14- It took Silicon Valley chipmaker Nvidia Corp the better part of a decade to gain acceptance as a global automotive supplier, a lesson for other technology firms hoping to make a similar transition from consumer electronics to car components. Nvidia had a thriving business in supplying...

  • CARACAS/ NEW YORK, May 14- A growing number of U.S. companies say they can't cope with Venezuela's sinking bolivar currency, prompting some of them to remove their operations in the South American nation from their consolidated financial reports. The restructuring moves can shield the financial results of parent companies such as batteries and razors maker...

  • WASHINGTON, May 14- A former executive of Japanese auto parts maker T.RAD Co Ltd was indicted on Thursday on one charge of fixing the prices of radiators sold to car makers, the Justice Department said. Michitaka Sakuma, former executive managing director of T.RAD, was accused of coordinating with other auto parts makers to illegally set the prices of radiators...

  • CARACAS/ NEW YORK, May 14- A growing number of U.S. companies say they can't cope with Venezuela's sinking bolivar currency, prompting some of them to remove their operations in the South American nation from their consolidated financial reports. The restructuring moves can shield the financial results of parent companies such as batteries and razors maker...

  • May 7- Canadian auto parts maker Magna International Inc reported better-than-expected quarterly sales, helped by demand in the United States. The company sold much of its vehicle interiors business, typically a lower-margin business, to Spain's Grupo Antolin in April. Magna also cut its 2015 sales forecast to $30.8 billion- $32.5 billion from $33.1 billion-...

  • Canadian auto parts maker Magna's sales drop 7 pct Thursday, 7 May 2015 | 8:13 AM ET

    May 7- Canadian auto parts maker Magna International Inc reported a 7 percent drop in quarterly sales, hurt by a stronger dollar. However, net income attributable to Magna rose to $465 million, or $1.12 per share, in the first quarter ended March 31 from $393 million, or 88 cents per share, a year earlier. Sales fell to $8.33 billion from $8.96 billion.

  • Auto supplier BorgWarner revenue falls 4.8 pct Thursday, 30 Apr 2015 | 8:10 AM ET

    April 30- Automotive supplier BorgWarner Inc reported a 4.8 percent fall in quarterly revenue as a stronger dollar reduced the value of overseas sales. Net income attributable to BorgWarner rose to $178.9 million, or 79 cents per share, in the first quarter ended March 31, from $159.1 million, or 69 cents per share, a year earlier. Revenue fell to $1.98 billion from...

  • WASHINGTON, April 23- An executive of Hitachi Automotive Systems Ltd has been sentenced to 15 months in prison for his role in a plan to fix the price of starter motors, alternators and other auto parts, the Justice Department said on Thursday. Takashi Toyokuni, who pleaded guilty in the U.S. District Court for the Eastern District of Michigan, also agreed to pay a...

  • April 23- Johnson Controls Inc, the largest U.S. auto parts supplier, reported a 3 percent fall in quarterly revenue, hurt by a stronger dollar. Johnson Controls' earlier profit forecast included a 20- cent contribution from its Global Workplace Solutions business, which it sold to CBRE Group Inc for $1.48 billion in March, the company said. Sales at Johnson...

  • April 23- Johnson Controls Inc, the largest U.S. auto parts supplier, reported lower-than expected quarterly revenue, hurt by a stronger dollar. Johnson Controls' earlier profit forecast included a 20- cent contribution from its Global Workplace Solutions business, which it sold to CBRE Group Inc for $1.48 billion in March, the company said.