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Auto Components Auto Parts and Equipment

  • TOKYO, Nov 4- Trading in shares of Takata Corp was halted on Friday after the Nikkei business daily reported the embattled Japanese auto parts maker was preparing for a possible bankruptcy filing for its U.S. unit to help secure a financial sponsor. Takata, which has retained investment bank Lazard Ltd as an adviser, has been working to choose a backer for its...

  • Nov 3- U.S. auto-parts maker American Axle& Manufacturing Holdings Inc agreed to buy Metaldyne Performance Group Inc for about $1.6 billion in a cash-and-stock deal, a move that would help lower its dependence on General Motors Co.. Shares of Detroit- based American Axle, which was spun off from GM in 1994, were down 15.6 percent at $14.01, while Southfield,...

  • Nov 3- Canadian automotive supplier Magna International Inc reported a better-than-expected quarterly profit on Thursday, helped by strong demand from Asia and Europe. Magna said sales in Asia jumped 58 percent to $548 million in the third quarter ended Sept. 30, while European sales climbed 29 percent to $2.18 billion. Magna's shares rose 1.7 percent to C...

  • Nov 3- U.S. auto-parts maker American Axle& Manufacturing Holdings Inc said it would buy Metaldyne Performance Group Inc for about $1.6 billion in a cash-and-stock deal to bolster its powertrain and drivetrain product lines. The deal will also additionally include the assumption of $1.7 billion of Metaldyne's debt. Shareholders of Metaldyne, which makes...

  • Nov 3- Canadian auto parts maker Magna International Inc reported a better-than-expected quarterly profit on Thursday, helped by strong demand from Asia and Europe. Magna said sales in Asia jumped 58 percent to $548 million in the third quarter ended Sept. 30, while European sales climbed 29 percent to $2.18 billion. Net income from continuing operations rose...

  • Nov 3- Canadian auto parts maker Magna International Inc reported a 15.5 percent rise in quarterly sales on Thursday, helped strong demand from Asia and Europe. Net income from continuing operations rose to $514 million, or $1.29 per share, for the third quarter ended Sept. 30, from $469 million, or $1.13 per share a year earlier. Total sales rose to $8.85 billion from...

  • *Volvo to make stretched S90 sedans in China. SHANGHAI, Nov 2- Swedish car maker Volvo announced on Wednesday moves deepening cooperation with its Chinese parent Zhejiang Geely Holding Group Co- a tie-up that's shaping up to show that China can make a success of buying consumer brands. Volvo's global chief executive Hakan Samuelsson and Geely Chairman Li Shufu...

  • FRANKFURT/ LONDON, Nov 1- Loss-making Indian car parts maker Amtek Auto is expected to shortlist bidders for its German division Tekfor as soon as next week, people close to the matter said, a year after starting what has been a lengthy sale process. People familiar with the industry said they see Spain's CIE- part-owned by India's Mahindra Group- and Canada's...

  • The Henry Ford II World Center, headquarters of the Ford Motor Company in Dearborn, Michigan.

    More than 1,500 Ford employees were evacuated Monday morning after a fire broke out at an electrical sub-station at Ford World Headquarters.

  • Ford's newest factory floor model isn't a car — it's a co-bot

    Ford Motor Company is introducing a type of robot, known as a co-bot, to a German plant that will work side-by-side with humans in manufacturing cars.

  • Eivind Kallevik, CFO of Norsk Hydro, discusses the global market environment for his metal commodities business.

  • MILAN, Oct 21- European shares rose slightly in early trading on Friday, supported by a weaker euro and strong results from companies such as auto parts maker Valeo and fertilizer firm Yara. By 0715 GMT, the pan-European STOXX 600 index was up 0.2 percent, building on a two-week high hit in the previous session when dovish remarks from European Central Bank chief...

  • NEW YORK, Oct 19- The worst overall performance by U.S. small-cap fund managers in seven years is expected to spur a furious round of portfolio turnover in the last two months of the year intended to capture gains from top performing stocks. So we are still buyers of the dip, "said Thomas Lee, an analyst at Fundstrat Global Advisors. The issue of underperformance is...

  • LONDON, Oct 17- Waste management specialist Biffa priced its initial public offering at a lower than expected level on Monday, highlighting continuing difficulties faced by companies seeking to raise cash on European capital markets. Biffa priced its London listing at 180 pence per share, giving a market capitalisation of 450 million pounds.

  • FRANKFURT, Oct 15- Leading German car industry manufacturer Continental on Saturday announced it had bought Hornschuch, a maker of films, foam laminates and artificial leather for cars and other applications, to help it expand into other industry sectors. Based in Weissbach, it has 1,800 employees and manufactures at four sites in Germany and the United States.

  • Oct 13- Auto parts maker TI Fluid Systems said on Thursday it had canceled plans to list on the London stock exchange, the latest company to abandon an initial public offering and blame volatile markets. Although stock markets are riding high- normally a good sign for new issues- investors are wary of turbulence amid a faltering global economy and following...

  • MADRID, Oct 13- Spanish car parts maker Gestamp, which supplies components to manufacturers from Volkswagen to Renault, said it is considering listing at least a quarter of the company on the stock market next year. Family-owned Gestamp is worth around 3.3 billion euros, based on the sale last month of a 12.5 percent stake to Japan's Mitsui for 416 million euros.

  • Alcoa

    Alcoa’s last quarterly results before its split into two disappointed markets, but an analyst said the separation should bode well for the company.

  • Takata is taking bids from suitors after bankruptcy report

    Daicel's positioning as a fellow Japanese auto part manufacturer makes it well-placed to acquire Takata, says Scott Upham, CEO of Valient Market Research.

  • MORAINE, Ohio, Oct 6- Chinese auto supplier Fuyao Glass Industry Group will complete a total of $1 billion in U.S. manufacturing investments by the end 2017, including about $500 million it has put into an automotive glass plant in Ohio, the company's chairman told Reuters. Ahead of the ceremonial opening of the Moraine, Ohio plant on Friday, Fuyao Chairman Cho Tak...