Auto Parts and Equipment


  • 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...

  • US agency warns car owners to get air bags fixed Monday, 20 Oct 2014 | 11:46 AM ET

    Multiple automakers have recalled vehicles in the U.S. over the past two years to repair air bag inflators made by Takata Corp., a Tokyo- based supplier of seat belts, air bags, steering wheels and other auto parts. In a statement Monday, the National Highway Traffic and Safety Administration warned owners of those cars to act right away. The warning covers cars made...

  • Toyota adds 247K vehicles to air bag recall tally Monday, 20 Oct 2014 | 10:14 AM ET

    DETROIT— Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the auto industry continues to widen. Inflators can rupture in air bags manufactured by parts supplier Takata, causing metal fragments to fly out when bags are inflated in crashes. The recall covers vehicles in South Florida, along the Gulf Coast,...

  • 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...

  • *Europe's subcompact market has grown through the downturn. PARIS, Oct 2- Carmakers are betting on style and recycling in the battle for Europe's burgeoning small car market, adding hi-tech safety and entertainment features while often using older vehicle underpinnings as a way to keep prices down. Several new cars on display at this month's Paris auto show...

  • The left-leaning Guardian bemoaned: "No one can conceive of Renault, Fiat or indeed BMW fattening themselves up after years of emaciation, ready for sell-off to a foreign rival." The blow to British pride was made all the more acute by the success of France, where Peugeot and Renault were speeding ahead.

  • Toyoda Gosei, which acknowledged conspiring to fix prices of air bags, steering wheels and automotive hoses, is the 29th auto parts maker to plead guilty to price-fixing since the Justice Department began its long-running investigation.

  • NEW DELHI, Sept 25- Thousands of tiny shops in India's biggest auto components market do brisk business selling a bewildering array of spare parts for about a third of the official price charged by the likes of Toyota Motor Co or Volkswagen AG.

  • NEW DELHI, Sept 25- Thousands of tiny shops in India's biggest auto components market do brisk business selling a bewildering array of spare parts for about a third of the official price charged by the likes of Toyota Motor Co or Volkswagen AG.

  • Sept 23- Japanese auto parts maker Yazaki Corp has agreed to pay $76 million to U.S. car buyers to settle civil price-fixing claims in Michigan federal court, attorneys for the buyers said on Tuesday.

  • Sept 22- Auto parts retailer AutoZone Inc reported weaker-than-expected quarterly revenue as a strengthening U.S. economy encouraged consumers to buy new vehicles instead of repairing existing ones.

  • AutoZone revenue narrowly misses Street Monday, 22 Sep 2014 | 7:29 AM ET

    Sept 22- Auto parts retailer AutoZone Inc's quarterly revenue increased 4.5 percent, narrowly missing analysts' average estimate. AutoZone's same-store sales, or sales at stores open at least for a year, rose 2.1 percent in the fourth quarter ended Aug. 30.

  • Chrysler recalling nearly 189,000 SUVs Saturday, 20 Sep 2014 | 10:14 AM ET
    2014 Jeep Cherokees

    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.

  • DETROIT, Sept 18- A federal grand jury in Detroit on Thursday indicted seven executives from two Japanese auto parts makers on charges of price fixing, the U.S. Department of Justice said.

  • BEIJING/ DETROIT, Sept 18- Chinese auto parts producer Wanxiang Group, which bought stylish electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker's Karma hybrid luxury car by using a design from the company's last year of production, people close to the companies said.

  • NEW YORK, Sept 15- Auto part makers were trading lower on Monday, as the deal to acquire TRW Automotive Holdings Corp by German car parts maker ZF Friedrichshafen failed to ignite any excitement in the sector.

  • Sept 15- U.S. auto parts maker TRW Automotive Holdings Corp said it would be bought by German peer ZF Friedrichshafen for $13.5 billion, including debt, creating a global automotive supply powerhouse. ZF's offer of $105.60 per share in cash represents a premium of 1.7 percent to TRW's closing price of $103.85 on Friday.

  • Sept 10- Auto-parts maker Visteon Corp is exploring a plan to split into two companies focused on electronics and climate controls, Bloomberg reported, citing people familiar with the matter. Visteon, once a part of Ford Motor Co may consider selling or spinning off the electronics business, the report said.

  • Sept 10- Auto parts maker TRW Automotive Holdings Corp, which is being pursued by Germany's ZF Friedrichshafen AG, said it would sell its engine valve business to Federal-Mogul Holdings Corp for $385 million. The sale of TRW's business to Federal-Mogul's powertrain division is expected to close in the first quarter of 2015, the companies said on Wednesday.