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  • DETROIT/ WASHINGTON, Jan 13- Japan's Takata Corp on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide. Takata will pay a $25 million fine, $125 million in a victim compensation fund, including for future...

  • WASHINGTON, Jan 13- The U.S. government charged Japan's Takata Corp with criminal wrongdoing on Friday in connection air bag inflator ruptures linked to at least 16 deaths worldwide. It was expected to plead guilty to the charge as part of a $1 billion deal with the U.S. Justice Department to resolve a government probe into its handling of the air bag safety defect,...

  • WASHINGTON, Jan 13- The U.S. Justice Department on Friday will announce a "criminal resolution with Takata" over the Japanese auto parts maker's recall of air bag inflator ruptures linked to at least 16 deaths around the world. Attorney Barbara McQuade in Detroit will hold a press conference to announce the settlement at 1:30 p.m. EST, her office said in a...

  • Judicial investigation launched into Renault over emissions, a source told Reuters, causing the carmaker's shares to fall sharply.

  • NEW YORK, Jan 12- Japan's Takata Corp is expected to plead guilty to criminal wrongdoing as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources said. The settlement includes a $25 million criminal fine, $125 million in victim compensation and $850 million to...

  • NEW YORK, Jan 12- Japan's Takata Corp is expected to plead guilty to fraud charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources said. The settlement includes a $25 million criminal fine, $125 million in victim compensation and $850 million to...

  • NEW YORK, Jan 12- Japan's Takata Corp is expected to agree to plead guilty to charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department to resolve a government investigation into deadly air bag ruptures, sources said. The settlement includes a $25 million criminal fine, $125 million in victim compensation and $850 million to...

  • NEW YORK, Jan 12- Japanese auto parts manufacturer Takata Corp is expected to agree to plead guilty to fraud charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department to resolve the government's investigation into deadly air bag ruptures, sources said. The settlement is also expected to include restitution to some victims and...

  • The 7 best reveals of the 2017 Detroit Auto Show

    North American International Auto Show, held in Detroit, Michigan, is a preview for upcoming cars. We caught some of the best reveals.

  • SAN LUIS POTOSI, Mexico, Jan 6- Ford Motor Co's abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's agenda poses to the country's broader economy. Many auto parts makers had started to expand in anticipation of Ford's plant in the...

  • SAN LUIS POTOSI, Mexico, Jan 6- Ford Motor Co's abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's agenda poses to the country's broader economy. Many auto parts makers had started to expand in anticipation of Ford's plant in the...

  • A logistical nightmare to re-nationalize the auto industry: Lutz

    Discussing auto production and trade and President-elect Trump's rhetoric with Bob Lutz, former GM vice chairman and CNBC Contributor.

  • Honda launches a major recall

    The automaker will recall nearly 650,000 Odyssey minivans in the U.S.

  • Technician Edward Bonilla holds a recalled Takata airbag inflator after he removed it from a Honda Pilot at the AutoNation Honda dealership service department in Miami, Florida June 25, 2015.

    Japan's Takata could settle criminal charges with the U.S. Department of Justice before the Obama administration leaves office.

  • Dec 28- Japan's Takata Corp is nearing a settlement with the U.S. Department of Justice and is expected to pay up to $1 billion to resolve allegations of criminal wrongdoing related to its faulty air bag inflators, the Wall Street Journal reported. The penalty is not "likely to eclipse $1 billion". The U.S. Department of Transportation said earlier this month that it...

  • Takata may plead guilt to criminial misconduct -DJ

    CNBC's Bill Griffeth reports that Takata and the Justice Department are discussing a settlement over the recall of faulty airbags.

  • JUDGE: AUTO SUPPLIER ROBERT BOSCH HAS REACHED AGREEMENT IN PRINCIPLE TO SETTLE CIVIL ALLEGATIONS RAISED BY U.S.

  • Bob Lutz

    Placing tariffs on our trading partners will hurt the U.S. automobile industry by disrupting a global flow, Bob Lutz says.

  • BEIJING, Dec 16- Wanxiang Group, a major Chinese auto parts supplier which almost three years ago bought the assets of defunct California- based plug-in hybrid carmaker Fisker Automotive, has received approval from local regulators to produce electric vehicles in China. Wanxiang, a Hangzhou- based company which in 2012 also acquired U.S. lithium-ion battery...

  • STUTTGART, Dec 7- German auto supplier ZF has launched the sale of its Body Control Systems division, Chief Executive Stefan Sommer said, seeking to shed assets it no longer deems essential after its takeover of rival TRW. "We are at a very early stage," Sommer told journalists at the Stuttgart Economic Press Club in remarks embargoed for Wednesday.