Auto Components Auto Parts and Equipment

  • The company's revenue fell to $2.26 billion in the second quarter ended July 16 from $2.37 billion a year earlier. Net income dropped to $124.6 million, or $1.68 per share, from about $150 million, or $2.03 per share. It earned $1.90 per share on an adjusted basis.

  • ROANOKE, Va. _ Advance Auto Parts Inc. on Tuesday reported second-quarter net income of $124.6 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share. Advance Auto Parts shares have risen 11 percent since the beginning of the year.

  • SHANGHAI, Aug 12- It remains more promise than product, but the electric vehicle sector is drawing more talent from mainstream automakers which are reluctant to go full tilt at the new technology. One such' defector' is Freeman Shen, who quit Chinese carmaker Geely two years ago to launch WM Motor, an EV start-up that aims to compete with Tesla Motors in China, the...

  • Aug 11- Electric luxury sports sedan Fisker Karma is being reincarnated as Karma Revero. Karma Automotive LLC, the electric car unit of Chinese auto parts maker Wanxiang Group Corp, on Thursday unveiled the first pictures of its new hybrid car Karma Revero that has a solar roof to power the car. Wanxiang Group bought stylish electric car pioneer Fisker...

  • *Nissan also in talks with Chinese, other overseas firms-sources. TOKYO, Aug 6- Nissan Motor Co is in talks with Panasonic Corp and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two people with knowledge of the matter said on Saturday that the Japanese automaker...

  • TORONTO, Aug 5- Canada's main stock index rose to a one-year high on Friday, led by financial and energy stocks after strong U.S. jobs data raised expectations for the growth outlook and for higher U.S. interest rates. "We saw some rotation out of the gold complex that is going directly back into the energy complex and some money that was also still looking for yield is...

  • TORONTO, Aug 5- Canada's main stock index rose on Friday, helped by an earnings beat and improved forecast from car parts maker Magna International Inc and as strong U.S. jobs data overshadowed dismal Canadian trade and employment numbers. At 10:05 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index was up 80.28 points, or 0.55 percent, to 14,609.06.

  • Aug 5- Canadian auto parts maker Magna International Inc reported a better-than expected rise in quarterly profit on Friday, helped by strong vehicle sales in North America and Europe, sending shares higher. Magna, which bought German automotive supplier Telemotive AG in April to expand into vehicle connectivity, counts General Motors Co, Volkswagen AG, BMW...

  • TOKYO, Aug 5- Final results of a third-party investigation into Takata Corp's exploding air bags may take longer than expected, a spokesman of the embattled company said, likely delaying a process to apportion recall costs with its automaker clients. In its quarterly earnings report on Friday, Takata said it had received results from the investigation by...

  • MEXICO CITY, Aug 3- Mexico's auto parts industry expects record sales this year, reaching $86 billion, as a depreciating peso has made exports in the local currency more competitive in the United States. However, he said the rate of expansion could shrink in subsequent years due to cooler demand from buyers in the United States. Mexico, the world's fifth biggest...

  • *German exports to Britain stagnated in Jan-May period. *Britain likely to remain major market for Germany. BERLIN, July 21- Some German companies are holding off making investments in Britain until they know more about the relationship the country will forge with the rest of Europe following the Brexit vote.

  • *German exports to Britain stagnated in Jan-May period. *Britain likely to remain major market for Germany. BERLIN, July 21- Some German companies are holding off making investments in Britain until they know more about the relationship the country will forge with the rest of Europe following the Brexit vote.

  • *PE purchases of UK firms down 83 pct this year- data. *U.S.-listed group goes against trend by buying UK cinemas. The referendum result, which caught financial markets by surprise, is making institutional investors have second thoughts about committing to new funds for private equity deals in Britain, according to people in the industry.

  • FRANKFURT, July 6- A sharp fall in the pound following Britain's decision to leave the European Union will hurt UK customers buying auto parts from abroad and likely force suppliers to cut prices, the chief executive of German autos supplier ZF said on Wednesday. ZF supplies automatic gearboxes which are assembled outside Britain to UK- based carmaker Jaguar...

  • FRANKFURT, July 6- Self-driving cars will need multiple detection systems including expensive infrared "lidar" technology if they are to be safe at high speeds, the chief executive of German autos supplier ZF Friedrichshafen said on Wednesday. Stefan Sommer's remarks come a week after news that a 2015 Tesla Model S crashed into a trailer while on "autopilot" mode.

  • Google self-driving car project

    Google's self-driving car can recognize, understand and remember cyclists hand signals, Recode reports.

  • Big data, big opportunity?

    CNBC's Sharon Epperson discusses preferred technology stock buys with wealth managers Catherine Wood of ARK Invest and Christopher Retzler of Needham Funds.

  • *CEO: Will lead company' until a passing of the baton'. TOKYO, June 28- Takata Corp's chief executive said he will resign after a "new management regime" is found, finally bowing to calls for change so that the auto parts supplier can move ahead in dealing with a multi-billion dollar airbag recall. CEO Shigehisa Takada- a quiet, bookish presence in contrast to his...

  • TOKYO, June 28- Takata Corp CEO Shigehisa Takada said on Tuesday he would resign after a "new regime" is found for the auto parts supplier, finally bowing to calls to step down over a long-running recall crisis. Speaking at a shareholders meeting in Tokyo, Takada told investors he would stay in his role "until a hand-off". Since, pressure has been building on the Tokyo-...

  • TOKYO, June 28- Takata Corp CEO Shigehisa Takada on Tuesday offered to step down after a new regime is decided for the auto parts supplier, which is searching for a financial backer to help it deal with a massive global recall of potentially deadly air bags.