TOKYO, May 26- U.S. investment fund Kohlberg Kravis Roberts has proposed taking about a 60 percent stake in Takata Corp, Japan's Nikkei reported on Thursday, possibly offering a lifeline to the embattled Japanese air bag maker. KKR has submitted a restructuring plan, the newspaper said a day after Takata's external steering company said it had hired investment...
The automaker issues a recall to fix a brake fluid leak issue, that could reduce braking power.
TOKYO, May 24- Nissan Motor Co is considering selling its 41 percent stake in auto parts supplier Calsonic Kansei Corp to raise cash for research and development in electric cars and artificial intelligence, the Nikkei newspaper reported. Nissan, Japan's second-biggest automaker, plans to seek a first round of bids in June, the paper said, without citing its...
FRANKFURT, May 14- German auto parts supplier Schaeffler AG has no plans to increase its 46- percent stake in rival Continental AG to gain a majority share, the head of the company's supervisory board told a newspaper on Saturday. "We are very happy with the 46- percent stake," Georg Schaeffler was quoted as telling Sueddeutsche Zeitung. During that bid, it borrowed...
Hawaii took the Japanese auto parts maker Takata to court on Friday, accusing it of covering up a deadly air bag defect.
CNBC's Phil LeBeau looks at a Reuters story on General Motors stopping delivery on three different 2016 vehicle models due to overstated fuel economy ratings on labels.
The automaker is recalling 52,000 of its 2016 and 2017 model years due to steering issues.
TOKYO, May 11- Embattled Japanese auto parts maker Takata Corp reported on Wednesday a full-year net loss of 13.1 billion yen, dragged down by an increase in costs for recalls of its potentially deadly airbag inflators. The loss for the year ended in March, in line with estimates given earlier this week, was its third in the past four financial years.
FRANKFURT, May 9- German auto parts supplier Robert Bosch is opening an office in Tehran and plans to hire 50 staff by the end of this year because it sees growing potential for Iran's car market following the lifting of international sanctions. In our quest to pick up speed quickly, we are benefiting first and foremost from re-establishing contact with former...
May 5- Canadian auto parts maker Magna International Inc reported a higher-than-expected first-quarter profit and raised its full-year sales forecast for a second time, boosted by strong vehicle sales in North America and Europe. Net income from continuing operations attributable to Magna rose 8 percent to $492 million, or $1.22 per share, in the quarter...
May 5- Canadian auto parts maker Magna International Inc reported a higher first-quarter profit and raised its full-year sales forecast for a second time, boosted by an strong vehicle sales in North America and Europe. Net income from continuing operations attributable to Magna rose 8 percent to $492 million, or $1.22 per share, in the quarter ended March 31.
May 5- Canadian auto parts maker Magna International Inc reported an 8 percent rise in first-quarter profit, helped by an higher vehicle sales in North America. Net income from continuing operations attributable to Magna rose to $492 million, or $1.22 per share, in the quarter ended March 31, from $455 million, or $1.10 per share, a year earlier.
The carmaker says the rear hatch door on some models could fall on people without warning.
CNBC's Phil LeBeau reports the latest on the internal emissions probe at Daimler, as well as the massive recall from Fiat Chrysler.
Bill George, CNBC Contributor and former Medtronic Chairman & CEO, discusses Volkswagen's compensation agreement with the U.S. government over the diesel emissions scandal.
Toyota, Honda and Sony temporarily halt operations after two earthquakes hit Japan.
Discussing the innovations in the self-driving car and autonomous vehicle technology space with Vijay Rakash of Mizuho Securities, and CNBC's Phil LeBeau.
Trader Sarat Sethi of Douglas C. Lane & Associates gives his thoughts on Delphi Automotive after their investor meeting in London, and Jim Lebenthal discusses his position in the auto sector.
CNBC's Phil LeBeau reports Donald Trump's comments about Ford Motor's announcement that they are investing in a new small car plant in Mexico.
CNBC's Phil LeBeau reports Ford Motor Co. announcing that it is building a new small car plan in Mexico.