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  • Honda quietly will repair air bags nationwide Monday, 17 Nov 2014 | 4:13 PM ET

    DETROIT— Honda is quietly offering to replace potentially defective air bag inflators across the U.S., even though its latest recall for the problem only covers cars in 13 high-humidity states and territories. Honda's action, plus a report of an exploding air bag that injured a Ford Mustang driver in North Carolina, is likely to give more ammunition to lawmakers...

  • TOKYO/ DETROIT, Nov 13- Japan's Takata Corp is the subject of a U.S. criminal investigation over defective car air bags that have been linked to five deaths, a spokesman said on Thursday. A federal grand jury in U.S. District Court for the Southern District of New York has subpoenaed Takata's U.S. unit to produce documents on the air bag defects, the spokesman said in...

  • Takata refutes report of secret airbag tests - NYT Thursday, 13 Nov 2014 | 1:32 AM ET

    Nov 13- Auto parts maker Takata Corp offered a "substantive rebuttal" to accusations by two former employees that the company carried out tests on airbags in 2004 in Michigan and found signs of defects but did not report the results to federal regulators, the New York Times reported. The New York Times reported last week that Takata, at the center of a global vehicle...

  • Meritor beats Street 4Q forecasts Wednesday, 12 Nov 2014 | 8:33 AM ET

    TROY, Mich. _ Meritor Inc. on Wednesday reported earnings of $3 million in its fiscal fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. Meritor expects full-year earnings in the range of $1.20 to $1.30 per share, with revenue expected to be $3.8 billion.

  • TOKYO, Nov 7- Japanese stocks gained on Friday as a weaker yen boosted exporters, while troubled auto parts maker Takata Corp skidded after reports said it erased test results showing problems with its air bags. Strong performers included Panasonic Corp, which jumped 2.7 percent, and chip-maker Disco, which surged 11.5 percent as it hiked its profit outlook for...

  • *Secret lab tests ordered after 2004 accident- paper. *Lab technicians were later told to destroy data- paper. TOKYO, Nov 7- Takata Corp, the Japanese auto parts maker at the centre of a global vehicle recall, ordered its technicians to destroy results of tests on some of its air bags after finding cracks in air bag inflators, the New York Times said on Friday.

  • TOKYO, Nov 7- Shares in Takata Corp fell more than 4 percent on Friday, reversing earlier gains after a newspaper reported that the Japanese auto parts maker had concealed the risks of potentially defective air bags following an accident in 2004.. The New York Times reported Takata had secretly conducted tests on 50 airbags retrieved from scrap yards after the...

  • Auto parts maker Visteon's revenue rises 33 pct Thursday, 6 Nov 2014 | 7:23 AM ET

    Nov 6- Auto parts maker Visteon Corp reported a 33 percent rise in quarterly revenue, helped by the acquisition of Johnson Controls Inc's electronics business and increased global vehicle production. The company's revenue rose to $1.97 billion in the third quarter ended Sept.30, from $1.48 billion a year earlier. Visteon reported a net loss attributable to...

  • Nov 5- Canadian auto parts maker and contract vehicle manufacturer Magna International Inc reported a 47 percent jump in third-quarter earnings that beat analyst expectations Wednesday, boosted by strong demand in North America. Adjusted earnings before interest and taxes in North America, the company's biggest market, grew to $470 million in the quarter...

  • Nov 5- Canadian auto parts maker and contract vehicle manufacturer Magna International Inc reported a 47 percent jump in third-quarter earnings, boosted by strong demand in North America. However, the number of vehicles Magna manufactures in Europe is higher than that in North America, underscoring the region's importance. The impact of lower sales in Europe...

  • Nov 5- Canadian auto parts maker and contract manufacturer Magna International Inc reported a 47 percent jump in third-quarter earnings, boosted by strong demand in North America. Net income attributable to Magna rose to $470 million, or $2.19 per share, in the quarter ended Sept. 30 from $319 million, or $1.39 per share, a year earlier. Sales rose 5.8 percent to...

  • WASHINGTON, Oct 29- U.S. safety regulators do not expect Japanese auto parts maker Takata Corp to be able to fully supply replacement parts for millions of defective air bags until after February, and urged Takata and the automakers it supplies to seek additional parts from other companies. Takata must boost production and even tap competitors to address...

  • NEW YORK/ DETROIT/ WASHINGTON, Oct 29- U.S. automotive safety officials said some replacement parts for millions of potentially defective air bags may not be available until February, and they scheduled a meeting Thursday with Takata Corp, the Japanese parts supplier. In documents released on Wednesday, the National Highway Traffic Safety Administration said...

  • FRANKFURT, Oct 28- Alexander Dibelius, one of Germany's most prominent investment bankers, is stepping down as country-head of Goldman Sachs and will be replaced by Wolfgang Fink and Joerg Kukies, according to an internal memo obtained by Reuters. Dibelius, who came to Goldman in 1993 and took the helm in Germany in 2002 after predecessor Paul Achleitner left for...

  • Oct 24- Delphi Automotive Plc reported a better-than-expected quarterly profit as demand for its auto parts rose in Asia and North America. Delphi's revenue grew 9 percent in Asia and 6 percent in North America in the third quarter ended Sept. 30. Delphi benefited also from its restructuring activities in Europe and South America.

  • Oct 24- Delphi Automotive Plc reported a 12.5 percent rise in quarterly profit as demand for its auto parts rose in Asia and North America. Net income attributable to Delphi rose to $305 million, or $1.02 per share, in the third quarter ended Sept. 30 from $271 million, or 87 cents per share, a year earlier. Excluding items, Delphi earned $1.16 per share.

  • NEW YORK, Oct 22- U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd, The Wall Street Journal reported on Wednesday. Word of the investigation follows a notice on Tuesday from the U.S....

  • Oct 22- Auto parts maker Delphi Automotive Plc is looking to sell its business that makes heating and cooling systems for cars, and will seek as much as $1 billion, Bloomberg reported, citing people with knowledge of the matter. Delphi has approached companies including French automotive supplier Valeo SA and South Korea's Halla Holdings Corp and is planning to...

  • DETROIT, Oct 21- The problems for Japanese auto parts maker Takata Corp grew after U.S. safety regulators expanded a warning about faulty air bags to 6.1 million vehicles in the United States while two more lawsuits have been filed over accidents in older Honda cars. The news came a day after Toyota Motor Corp recalled 247,000 vehicles in the United States...

  • CAPE TOWN, Oct 13- South Africa's competition authorities are investigating price fixing and collusive tendering in the automotive industry, with top Japanese component suppliers Panasonic and Mitsubishi Electric Corp among those being probed. Information received by the Competition Commission suggested collusion among automotive component...