"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...» Read More
*U.S. agency EPA says to widen probe to other carmakers. Germany, alarmed at the potential damage the scandal could inflict on its world-beating car industry, urged Volkswagen to fully clear up the matter and said it would investigate whether emissions data had also been falsified in Europe. The EPA and California officials said on Monday they would test the use...
DETROIT, Sept 18- Gentex Corp is broadening its role from a traditional Michigan- based auto parts maker to a supplier of high-tech vision systems that eventually could be integrated into self-driving cars. General Motors Co will be the first automaker to use a new rear-view mirror developed by Gentex, on the 2016 Cadillac CT6 sedan. Piersma said BMW would be the...
MUMBAI, Sept 18- India's market watchdog has started a probe into auto parts maker Castex Technologies, after investors alleged it manipulated its stock to trigger the conversion of bonds into equity, a source with direct knowledge of the matter said. The allegations against Castex throw a spotlight on the quality of corporate oversight at a time when India is...
FRANKFURT, Sept 15- German auto parts and tyre maker Continental could do a takeover deal worth 2- 3 billion euros in the next 1-2 years, Chief Executive Elmar Degenhart said. If an appropriate target in the non-automotive sector emerges and the purchase price as well as the timing is right, then a major acquisition is possible, Degenhart said on Tuesday in an...
FRANKFURT, Sept 11- The rise of electric and Internet-connected cars is helping German auto supplier Bosch to win new customers as it branches into areas such as software and services, a board member told Reuters. Leasing companies, car parks and technology companies are among the markets opening up to the business, Rolf Bulander said in an interview on the eve of...
Explosions at a fireworks plant in China killed one and injured six, after blasts killed at least 145 people last month.
Maria-Elisabeth Schaeffler was moved to tears when 8,000 Schaeffler employees gathered near the family-controlled company's headquarters in 2009 to demand the German government help avert the ballbearing maker's collapse. The previous year, the matriarch and her son Georg had launched Schaeffler's audacious debt-financed takeover of Continental,...
Karl Brauer, senior analyst with Kelley Blue Book, discusses news that Takata Corp will "rapidly" reduce production of a volatile chemical that has been linked to ruptured air bag inflators.
News that Pep Boys has caught the eye of private equity is the latest evidence of this investing trend, says investment banker Vincent Carey.
Takata is facing an increasing risk of a cash crunch as the cost of its global airbag recall spirals ever-upwards, analysts warn.
Hyundai's union boss faces dissent from within the country's most strike-prone union even as the company is trying to ditch its wage structure.
The economics surrounding a certain commodity can be a game changer for city officials in the snow belt. And it's sitting on your dinner table.
Honda Motor on Wednesday said it will expand a recall of automobiles with Takata driver's side air bags to include all 50 states.
Chrysler is recalling almost 189,000 Jeep Grand Cherokees and Dodge Durangos in the U.S. to fix a fuel pump problem that can cause the SUVs to stall.
China's recent anti-monopoly law enforcement may be less about targeting foreign companies than combating another potential threat: income inequality.
Emerging market currencies are likely to remain weak for the long term, and that's spurring a strategy shift, General Motors said.
Alcoa announced it plans to acquire jet engine component maker Firth Rixson from Oak Hill Capital Partners for $2.85 billion in cash and stock.
Since 1969, millions of cars have been recalled after being deemed threats. CNBC.com takes a look at these cars, from the 1971 Pinto to this year's growing list of recalls.
To understand how General Motors failed to address major safety problems, you have to examine the culture there before Mary Barra became CEO.
When a major recall is announced, dealerships find themselves on the commercial front lines.