Autos Automobiles and Components

  • Aug 29- A truck that was transporting Takata Corp air bag inflators and propellants at the center of a global recall exploded in Texas last week, killing one woman and injuring four other people, the auto parts supplier said on Monday. Texas state officials did not immediately return calls for comment early on Monday. Takata has a warehouse in Eagle Pass, which is...

  • Aug 29- Hong Kong stocks fell on Monday after U.S. Yellen's relatively upbeat tone in a speech on Friday at the Fed's annual monetary policy conference in Jackson Hole, Wyoming, weighed on Hong Kong stocks, which are more vulnerable to global money flows. Bucking the trend, Chinese automaker BYD Co Ltd's shares in Hong Kong rose 2.5 percent after it predicted an up to...

  • TOKYO, Aug 29- A truck transporting Takata Corp air bag inflators and propellants that are at the center of a global recall exploded in Texas earlier this month, resulting in one death and four injuries, the embattled auto parts supplier said on Monday. The truck operated by a subcontractor was traveling to a Takata plant in Eagle Pass, Texas, on Aug. 22 when the...

  • Unifor, which represents more than 20,000 autoworkers, is pushing General Motors Co, Fiat Chrysler Automobiles and Ford Motor Co to invest further in the province of Ontario, home to nearly all of Canada's auto industry, in talks that began this month. The union has asked for terms including higher wages for GM to build new vehicles in Oshawa, and for Ford to keep its...

  • Unifor President Jerry Dias has said the union is asking for higher wages and would not agree to a deal unless GM commits to building new vehicles in Oshawa, and Ford decides to keep its engine plant operating in Windsor. GM's Oshawa plant could shut one of its two assembly lines, with several vehicles already produced elsewhere or expected to move in 2017..

  • CANADA'S UNIFOR UNION SAYS HAS VOTED TO BE IN STRIKE POSITION IF TERMS NOT REACHED IN TALKS WITH U.S.' BIG-THREE' CARMAKERS.

  • General Motors is recalling nearly 368,000 vehicles to fix a defective part that could prevent the windshield wipers from working. The problem affects the 2013 models of the Chevrolet Equinox and GMC Terrain. A report filed with government regulators says a GM manager in Canada spotted the potential safety hazard last December.

  • STERLING HEIGHTS, Mich., Aug 26- Fiat Chrysler Automobiles has been approached by several suitors for its components business Magneti Marelli, the carmaker's chief executive said on Friday, without giving names or mentioning how many had shown interest. Sergio Marchionne also indicated it is still possible that FCA will continue production of the compact...

  • TOKYO, Aug 26- Takata Corp has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese car-parts maker, people involved in the process said. Japanese chemical maker Daicel Corp, China's Ningbo Joyson Electronic Corp- the parent of Michigan- based air-bag maker Key Safety...

  • TOKYO, Aug 26- Takata Corp has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese car-parts maker, people involved in the process said. Japanese chemical maker Daicel Corp, China's Ningbo Joyson Electronic Corp- the parent of Michigan- based air-bag maker Key Safety...

  • BERLIN— Volkswagen's employee council chief is suggesting that the automaker consider taking stakes in suppliers after a dispute disrupted production in Germany. Volkswagen on Tuesday ended the dispute with two suppliers who stopped delivering parts, briefly affecting nearly 28,000 workers at six plants. Employee council chief Bernd Osterloh, who sits...

  • DETROIT, Aug 25- August U.S. auto sales will be 5.2 percent below a year ago, adding to evidence that the peak of industry sales was in 2015, consultancies J.D. Power and LMC Automotive said on Thursday. "With mixed economic signals, it certainly looks like U.S. auto sales may have peaked in 2015," said Jeff Schuster, head of forecasting at LMC. "However, it is important to...

  • LMC MAINTAINS FULL-YEAR 2016 U.S.

  • AUTO SALES FORECAST AT 16.8 MILLION VEHICLES AT ANNUALIZED RATE, FROM 17.7 MLN YR AGO- JD POWER-LMC.

  • HOUSTON— A Texas jury on Thursday found that a General Motors Co. ignition switch was not to blame for a 2011 accident that killed one driver and injured another, handing the carmaker its third courtroom win this year in a series of trials designed to help attorneys settle dozens of similar claims. Zachary Stevens and his parents had sued GM, claiming a faulty...

  • WASHINGTON, Aug 25- Volkswagen AG said on Thursday it reached a deal to pay its 650 U.S. dealers for their losses from the German automaker's diesel emissions scandal, and a judge ordered it to move quickly to decide whether to fix or buy back 85,000 luxury vehicles with polluting engines. The automaker and a lawyer for VW dealers announced a tentative settlement...

  • WASHINGTON, Aug 25- Volkswagen AG announced on Thursday that it has reached a deal in principle to compensate its 650 U.S. dealers in connection with the German automaker's diesel emissions scandal. The automaker and a lawyer for VW brand dealers announced a tentative settlement at a court hearing in San Francisco. District Judge Charles Breyer they plan to...

  • WASHINGTON, Aug 25- Volkswagen AG is expected to announce on Thursday it has reached a deal in principle to compensate its 650 U.S. dealers in connection with the German automaker's diesel emissions scandal, a source briefed on the matter said. The automaker and lawyers for VW brand dealers are expected to announce a tentative settlement at a court hearing in San...

  • San Diego resident Mark Holthoff, a manager for a community site for used-car enthusiasts called Klipnik.com, was disappointed when he saw the value of his 2014 Volkswagen Golf TDI plummet 30 percent after the "dieselgate" scandal broke in September 2015. But Holthoff felt better after reading the terms of the proposed $14.7 billion settlement and...

  • The National Highway Traffic Safety Administration is expected to propose as early as next month that new cars and trucks come equipped with it. General Motors isn't waiting for the proposal, saying it will include V2V in Cadillac CTS sedans before the end of the year. "We're losing 35,000 people every year," said Harry Lightsey, a General Motors lobbyist.