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Auto Components Auto Parts and Equipment

  • TOKYO, Feb 7- Honda Motor Co Ltd and Hitachi Ltd's auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles, joining forces to better compete in the highly specialized "green" car segment. The venture will be established in July with an investment of 5 billion yen, and will be 51 percent owned by Hitachi Automotive...

  • *Shares lose a fifth of value, down by daily limit of 100 yen. TOKYO, Feb 6- Shares in Japan's Takata Corp lost a fifth of their value on Monday after sources said Key Safety Systems had been selected to lead its turnaround, fanning concern that a court-led restructuring was on the cards. The Nikkei business daily, which first reported the news of KSS's selection, said...

  • TOKYO, Feb 6- Japan's Nikkei share average rose on Monday morning as bank stocks soared following moves by U.S. Traders said that most investors are expected to stay on the sidelines before Japanese Prime Minister Shinzo Abe meets U.S. President Donald Trump on Feb. 10 and 11, with trade and currencies likely to be on the agenda.

  • TOKYO, Feb 6- Shares in Japan's Takata Corp were untraded with a glut of sell orders on Monday after sources said the struggling air bag maker had selected Key Safety Systems as the final bidder for its restructuring, raising a concern that the U.S. auto parts supplier could lead Takata into a bankruptcy. Reuters reported on Saturday that Takata's steering...

  • TOKYO, Feb 6- Shares in Japan's Takata Corp were untraded with a glut of sell orders on Monday after sources said the struggling air bag maker had selected Key Safety Systems, a Chinese-owned and U.S.-based auto parts supplier, as the final bidder to extend financial support. Reuters reported on Saturday that Takata's steering committee leading the selection...

  • DETROIT, Feb 2- Delphi Automotive Plc's fourth-quarter earnings widely beat Wall Street expectations, as the automotive supplier continued to benefit from automaker interest as it helps develop technology in the evolution toward self-driving vehicles. Delphi said its 2017 revenue will grow 4 to 6 percent at between $16.5 billion and $16.9 billion, and that...

  • DETROIT, Feb 2- Delphi Automotive Plc's fourth-quarter earnings widely beat Wall Street expectations, as the automotive supplier continued to benefit from automaker interest as it helps develop technology in the evolution toward self-driving vehicles.

  • FRANKFURT, Feb 2- Demand for chips for cars, especially in China, will lift Infineon's profit in 2017, the German chipmaker said, sticking to its forecast for revenue growth and profit margin. Chips made by Infineon are used by carmakers including Tesla and Hyundai as well as auto parts suppliers Continental and Bosch to activate airbags, enable cruise control,...

  • *U.S. 3. 0 liter owners to get $7,000- $16,000 compensation for fix. WASHINGTON, Feb 1- Volkswagen AG has agreed to pay at least $1.22 billion to fix or buy back nearly 80,000 polluting U.S. 3. 0 liter diesel-engine vehicles to settle claims it fitted illegal emissions-cheating software to the cars, court documents showed. German auto supplier Robert Bosch GmbH also...

  • STUTTGART, Jan 27- German car parts maker Bosch reported a slide in profits for 2016 as it invested in the development of products for connected and electric vehicles. It also aims to decide by the end of the year whether to start making its own cells for production of batteries to compete with Asian rivals, Chief Executive Volkmar Denner said.

  • Why Valeo is winning market share: Fund manager

    Alex Gunz, fund manager at Heptagon-Capital, discusses his favoring of Valeo's stock in the light of future developments in the car industry.

  • 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...