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  • FRANCE'S VALEO TO ACQUIRE GERMAN CLUTCH MAKER FTE AUTOMOTIVE@. June 2- French car parts supplier Valeo said on Thursday it would buy German clutch manufacturer FTE Automotive for 819.3 million euros. Valeo, in a statement, said it had signed an agreement to buy 100 percent of FTE from Bain Capital Private Equity, which bought the German company in 2013 for 400...

  • Automakers recalling 12M cars in US

    Eight automakers announce a recall affecting more than 12 million vehicles due to defective Takata air bags.

  • *Vehicle recalls over Takata air bags rise to 19.6 mln in Japan. *Japan announcement follows U.S. recall of 35 mln-40 mln air bags. TOKYO, May 27- Japan's transport ministry said on Friday automakers will recall about an additional 7 million cars equipped with Takata Corp air bag inflators without a drying agent by March 2019, bringing the total recalled in the...

  • *Sources: Takata committee in talks with KKR, other investors. TOKYO, May 26- KKR& Co and other investors are in separate talks with a committee overseeing a restructuring of Japan's Takata Corp about a financial investment to bail out the embattled auto parts maker, people familiar with the matter said on Thursday. Japan's Nikkei newspaper reported earlier on...

  • TOKYO, May 26- Takata Corp's external steering committee charged with developing a restructuring plan for the embattled auto parts maker is talking with "several funds" including Kohlberg Kravis Roberts, a source with knowledge of the matter said. The source, who spoke on condition on anonymity, did not say whether the funds had approached the committee to...

  • TOKYO, May 26- U.S. investment fund Kohlberg Kravis Roberts has proposed taking about a 60 percent stake in Takata Corp, Japan's Nikkei reported on Thursday, possibly offering a lifeline to the embattled Japanese air bag maker. KKR has submitted a restructuring plan, the newspaper said a day after Takata's external steering company said it had hired investment...

  • Ford recalling 271K F150 pickup trucks

    The automaker issues a recall to fix a brake fluid leak issue, that could reduce braking power.

  • TOKYO, May 24- Nissan Motor Co is considering selling its 41 percent stake in auto parts supplier Calsonic Kansei Corp to raise cash for research and development in electric cars and artificial intelligence, the Nikkei newspaper reported. Nissan, Japan's second-biggest automaker, plans to seek a first round of bids in June, the paper said, without citing its...

  • FRANKFURT, May 14- German auto parts supplier Schaeffler AG has no plans to increase its 46- percent stake in rival Continental AG to gain a majority share, the head of the company's supervisory board told a newspaper on Saturday. "We are very happy with the 46- percent stake," Georg Schaeffler was quoted as telling Sueddeutsche Zeitung. During that bid, it borrowed...

  • A deployed airbag is seen in a 2001 Honda Accord at the LKQ Pick Your Part salvage yard on May 22, 2015 in Medley, Florida. The largest automotive recall in history centers around the defective Takata Corp. air bags that are found in millions of vehicles that are manufactured by BMW, Chrysler, Daimler Trucks, Ford, General Motors, Honda, Mazda, Mitsubishi, Nissan, Subaru and Toyota. (

    Hawaii took the Japanese auto parts maker Takata to court on Friday, accusing it of covering up a deadly air bag defect.

  • GM temporarily halting sales of some 2016 models

    CNBC's Phil LeBeau looks at a Reuters story on General Motors stopping delivery on three different 2016 vehicle models due to overstated fuel economy ratings on labels.

  • Subaru tells Legacy and Outback owners not to drive

    The automaker is recalling 52,000 of its 2016 and 2017 model years due to steering issues.

  • TOKYO, May 11- Embattled Japanese auto parts maker Takata Corp reported on Wednesday a full-year net loss of 13.1 billion yen, dragged down by an increase in costs for recalls of its potentially deadly airbag inflators. The loss for the year ended in March, in line with estimates given earlier this week, was its third in the past four financial years.

  • FRANKFURT, May 9- German auto parts supplier Robert Bosch is opening an office in Tehran and plans to hire 50 staff by the end of this year because it sees growing potential for Iran's car market following the lifting of international sanctions. In our quest to pick up speed quickly, we are benefiting first and foremost from re-establishing contact with former...

  • May 5- Canadian auto parts maker Magna International Inc reported a higher-than-expected first-quarter profit and raised its full-year sales forecast for a second time, boosted by strong vehicle sales in North America and Europe. Net income from continuing operations attributable to Magna rose 8 percent to $492 million, or $1.22 per share, in the quarter...

  • May 5- Canadian auto parts maker Magna International Inc reported a higher first-quarter profit and raised its full-year sales forecast for a second time, boosted by an strong vehicle sales in North America and Europe. Net income from continuing operations attributable to Magna rose 8 percent to $492 million, or $1.22 per share, in the quarter ended March 31.

  • May 5- Canadian auto parts maker Magna International Inc reported an 8 percent rise in first-quarter profit, helped by an higher vehicle sales in North America. Net income from continuing operations attributable to Magna rose to $492 million, or $1.22 per share, in the quarter ended March 31, from $455 million, or $1.10 per share, a year earlier.

  • Nissan recalling 108K Rogue SUVs over doors

    The carmaker says the rear hatch door on some models could fall on people without warning.

  • WASHINGTON, April 27- Hitachi Chemical Co Ltd has agreed to plead guilty to conspiring to fix the prices of electrolytic capacitors used in a broad range of electronic products and automobiles, the Justice Department said on Wednesday. Hitachi Chemical will plead guilty to one felony count of fixing prices of the devices between 2002 and 2010, the department...

  • FRANKFURT, April 27- Car parts maker Bosch set aside 650 million euros in 2015 for potential legal costs, including for an ongoing investigation into the company's role in Volkswagen's diesel emissions manipulation scandal. Volkswagen has admitted cheating exhaust emissions tests in the United States and last week VW set aside 16.2 billion euros to cover...