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  • "Clearly we're in the sweet spot with respect to trucks and SUVs and crossover vehicles right now and it's showing in our schedules and will show in our sales going forward," said American Axle Chief Executive David Dauch, in a conference call with industry analysts. By Friday afternoon, American Axle shares were up 22.7 percent at $14.42, after hitting $14.48...

  • The company's net income rose to $62.9 million, or 81 cents per share, in the fourth quarter ended Dec. 31, from $13.2 million, or 17 cents per share, a year earlier. American Axle, which gets about three-quarters of its revenue from General Motors Co, said non-GM sales rose to $323.5 million from $317.2 million. Total net sales rose to $958.4 million from $939.5 million.

  • Excluding items, BorgWarner's earnings per share in the quarter of $0.75 beat Wall Street expectations of $0.72, according to Thomson Reuters I/B/E/S. Net income attributable to BorgWarner fell to $125.3 million, or 56 cents a share, in the quarter ended Dec. 31, from $139.9 million, or 61 cents a share, a year earlier. The company bought Remy International Inc, a...

  • Feb 11- Auto parts maker BorgWarner Inc's quarterly revenue rose 6.6 percent, helped by strength in its business that makes fuel-saving turbochargers and emissions systems. The net income attributable to BorgWarner fell to $125.3 million, or 56 cents per share, in the fourth quarter ended Dec. 31 from $139.9 million, or 61 cents per share, a year earlier.

  • *Daimler takes charge of 340 million euros. FRANKFURT/ WASHINGTON, Feb 10- The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier. The vehicles to be recalled have Takata-made air bag...

  • BRASILIA/ SAO PAULO, Feb 4- Brazil's trade minister called for unrestricted auto trade with Mexico and Argentina on Thursday, after data showed the local automotive sector had its worst January in a dozen years. In a brief interview with Reuters, Trade Minister Armando Monteiro said he would propose free trade in vehicles and auto parts when he travels next week...

  • AUTO SUPPLIER CONTINENTAL AUTOMOTIVE SYSTEMS IS RECALLING 5 MLN U.S.

  • Honda recalls 1.7M cars for Takata air bags

    American Honda is recalling 1.7 million new and used vehicles from 2007 to 2015.

  • *Ankara aims for $30 bln in trade with Iran by 2023. ISTANBUL, Feb 2- The lifting of sanctions against Iran may be a mixed blessing for Turkey, opening up access to a fast-growing, lucrative market, but one that could someday rival Ankara as both an investment destination and exporter. NATO- member Turkey remains the region's economic powerhouse, with output of nearly...

  • Suzuki recalls 68K motorcycles

    The auto company is recalling motorcycles due to a battery charging system issue.

  • STUTTGART, Jan 27- German auto supplier Robert Bosch said it had launched an internal probe to investigate whether any of its staff were involved in a scandal over the rigging of automotive emissions tests that has engulfed Volkswagen. Stuttgart- based Bosch, which released preliminary full-year earnings on Wednesday, makes an engine management programme...

  • BRUSSELS, Jan 27- European Union regulators fined Japan's Mitsubishi Electric and Hitachi Ltd 137.8 million euros on Wednesday for fixing prices of car parts. The European Commission said the cartel for alternators and starters operated between September 2004 and February 2010, when Mitsubishi Electric, Hitachi and Denso coordinated responses to tenders...

  • Ford recalls 391K pickup trucks

    The recall covers trucks from the 2004 through 2006 model years in the U.S. and Canada.

  • LG eyes smart cars

    The South Korean electronics giant says it plans to develop new areas of business in the automobile space.

  • Tesla caters to vegans

    The luxury electric car maker now offers a synthetic leather option for the new model x sport utility vehicle.

  • A Pep Boys auto parts store in Encinitas, California.

    Pep Boys said activist investor Carl Icahn's latest buyout offer was superior to the deal it accepted from Bridgestone.

  • Traders work on the floor of the New York Stock Exchange on Dec. 28, 2015.

    Check out the companies making headlines after the bell Monday: Pep Boys, Fitbit, Kohl's & more

  • Scott Keogh, President of Audi of America, introduces the Audi A3 and S3 during the 2013 Los Angeles Auto Show in Los Angeles, California November 20, 2013.

    President of Audi of America Scott Keogh discusses Audi sales this year, as well as sales of electric and hybrid cars.

  • An employee sews an airbag at Takata's crash-testing facility in Auburn Hills, Michigan, August 19, 2010.

    Shares of scandal-hit Japanese auto parts maker Takata extended double-digit falls into a third day, plunging as much as 15 percent in early trade.

  • Volkswagen dealership

    The VW investigation is also looking into managers who knew of the deception and failed to take appropriate measures, the NYT reports.