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  • 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...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 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 1100 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...

  • *Bidders want court-led turnaround for Japan ops- source. TOKYO, Jan 19- 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. Shares in Takata closed 17.3 percent lower, falling by their daily...

  • *Bidders want court-led turnaround for Japan ops- Nikkei. *Management wants private process in Japan. TOKYO, Jan 19- Takata Corp's two remaining bidders plan to propose a court-mediated turnaround for the Japanese operations of the troubled auto parts maker, the Nikkei business daily reported on Thursday.

  • President-elect Donald Trump's choice for commerce secretary, voiced sharp criticism of China's trade practices on Wednesday, telling senators he would seek new ways of combating them. Ross, who made his fortune turning around troubled companies in steel, auto parts, textiles and other industries, called China the "most protectionist" country among large...

  • Most carmakers will be adding capacity in the US: Renault CEO

    Carlos Ghosn, chairman and CEO of the Renault-Nissan Alliance, discusses his business strategy in the light of Donald Trump's impending presidency.

  • The logo of the Japanese auto parts maker Takata is displayed at a car showroom in Tokyo on January 13, 2017.

    Japanese auto parts maker Takata took a major step toward putting its airbag scandal behind it on Friday, the NYT reports.

  • TORONTO, Jan 16- Canada's main stock index fell on Monday, with financials down and several auto parts makers losing ground as U.S. President-elect Donald Trump upped pressure on carmakers to build in the United States. The most influential weights on the Toronto Stock Exchange's S&P/TSX composite index included Magna International Inc, which fell 3.1...

  • TORONTO, Jan 16- Canada's main stock index fell on Monday, with financials down and several auto parts makers losing ground as U.S. President-elect Donald Trump upped pressure on carmakers to build locally. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 17.99 points, or 0.12 percent, at 15,479.29.

  • TORONTO, Jan 16- Canada's main stock index pulled back in morning trade on Monday, with several auto parts makers losing ground as U.S. The most influential weights on the Toronto Stock Exchange's S&P/TSX composite index included Magna International Inc, which fell 3.3 percent at C $56.86, and Linamar Corp, which lost 3.7 percent to C $55.51.

  • DETROIT/ WASHINGTON, Jan 13- Japan's Takata Corp on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide. Takata will pay a $25 million fine, $125 million in a victim compensation fund, including for future...

  • WASHINGTON, Jan 13- The U.S. government charged Japan's Takata Corp with criminal wrongdoing on Friday in connection air bag inflator ruptures linked to at least 16 deaths worldwide. It was expected to plead guilty to the charge as part of a $1 billion deal with the U.S. Justice Department to resolve a government probe into its handling of the air bag safety defect,...

  • WASHINGTON, Jan 13- The U.S. Justice Department on Friday will announce a "criminal resolution with Takata" over the Japanese auto parts maker's recall of air bag inflator ruptures linked to at least 16 deaths around the world. Attorney Barbara McQuade in Detroit will hold a press conference to announce the settlement at 1:30 p.m. EST, her office said in a...

  • Judicial investigation launched into Renault over emissions, a source told Reuters, causing the carmaker's shares to fall sharply.

  • NEW YORK, Jan 12- Japan's Takata Corp is expected to plead guilty to criminal wrongdoing as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources said. The settlement includes a $25 million criminal fine, $125 million in victim compensation and $850 million to...

  • NEW YORK, Jan 12- Japan's Takata Corp is expected to plead guilty to fraud charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources said. The settlement includes a $25 million criminal fine, $125 million in victim compensation and $850 million to...