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Auto Components Auto Parts and Equipment

  • Robert Nardelli, founder XLR-8 and senior advisor at Cerberus Capital Management

    Automakers already do a lot of business overseas. Under Trump, they'll have to rethink where they produce their cars, Bob Nardelli says.

  • BERLIN, Jan 24- German automotive supplier SHW Automotive GmbH said a maker of electric cars had cancelled a 100 million euro order, sending its shares down as much as 9.5 percent to a four-month low on Tuesday. Shares in Aalen, Germany- based SHW were down 7.5 percent to 30.12 euros at 1321 GMT, having traded as low as 29.49 euros. Spokespeople in Germany for...

  • Frederiek Toney, president of Ford's customer service division, said the global business for automotive parts, which is now estimated at more than $500 billion, and service will expand by 70 percent in the next six years or so. At first, Omnicraft parts will be sold at Ford and Lincoln dealerships, of which there are 3,200 in the United States and 10,500 globally.

  • Advance Auto Parts Inc's shares fell 4.2 percent to $164.27, O'Reilly Automotive Inc declined 4 percent to $263.13 and Genuine Parts Co lost 3.7 percent to $96. Amazon has struck supply contracts with some of the largest parts makers including Federal-Mogul Holdings Corp, Dorman Products Inc, Robert Bosch GmbH and Cardone Industries Inc, NY Post reported on...

  • Panasonic aims to extend its partnership with electric car maker Tesla Motors beyond batteries and into self-driving technology.

  • More than 652K cars involved in latest Takata air bag recall

    Thirteen automakers are now recalling more than 652,000 vehicles in the U.S.

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • TOKYO, Jan 19- Bidders for Japan's Takata Corp are pushing for a court-mediated turnaround for the embattled air bag maker's domestic business, a source said, a strategy the company opposes and news of which sent its shares tumbling 17 percent. Earlier in the day, the Nikkei newspaper reported that Swedish air bag maker Autoliv Inc, and a group led by U.S. auto parts...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • *Bidders want court-led turnaround for Japan ops- source. TOKYO, Jan 19- U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. Shares in Takata closed 17.3 percent lower, falling by their daily...

  • *Bidders want court-led turnaround for Japan ops- Nikkei. *Management wants private process in Japan. TOKYO, Jan 19- Takata Corp's two remaining bidders plan to propose a court-mediated turnaround for the Japanese operations of the troubled auto parts maker, the Nikkei business daily reported on Thursday.

  • President-elect Donald Trump's choice for commerce secretary, voiced sharp criticism of China's trade practices on Wednesday, telling senators he would seek new ways of combating them. Ross, who made his fortune turning around troubled companies in steel, auto parts, textiles and other industries, called China the "most protectionist" country among large...

  • Most carmakers will be adding capacity in the US: Renault CEO

    Carlos Ghosn, chairman and CEO of the Renault-Nissan Alliance, discusses his business strategy in the light of Donald Trump's impending presidency.

  • The logo of the Japanese auto parts maker Takata is displayed at a car showroom in Tokyo on January 13, 2017.

    Japanese auto parts maker Takata took a major step toward putting its airbag scandal behind it on Friday, the NYT reports.

  • TORONTO, Jan 16- Canada's main stock index fell on Monday, with financials down and several auto parts makers losing ground as U.S. President-elect Donald Trump upped pressure on carmakers to build in the United States. The most influential weights on the Toronto Stock Exchange's S&P/TSX composite index included Magna International Inc, which fell 3.1...

  • TORONTO, Jan 16- Canada's main stock index fell on Monday, with financials down and several auto parts makers losing ground as U.S. President-elect Donald Trump upped pressure on carmakers to build locally. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 17.99 points, or 0.12 percent, at 15,479.29.

  • TORONTO, Jan 16- Canada's main stock index pulled back in morning trade on Monday, with several auto parts makers losing ground as U.S. The most influential weights on the Toronto Stock Exchange's S&P/TSX composite index included Magna International Inc, which fell 3.3 percent at C $56.86, and Linamar Corp, which lost 3.7 percent to C $55.51.

  • 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...