GO
Loading...

Auto Parts and Equipment

More

  • 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...

  • AutoNation halts sales of cars in air bag recalls Tuesday, 28 Oct 2014 | 3:08 PM ET

    The recalls are giving the auto industry a black eye because they are "confusing and incoherent," AutoNation CEO Mike Jackson said Tuesday in an interview. Dozens of models made by BMW, Chrysler, Ford, General Motors, Mazda, Honda, Mitsubishi, Nissan, Subaru and Toyota dating to the 2001 model year are covered by the recalls. AutoNation, a 277- franchise chain that's in...

  • 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...

  • Fiat Chrysler replaces longtime quality chief Tuesday, 28 Oct 2014 | 9:21 AM ET

    DETROIT— Doug Betts, Fiat Chrysler's longtime quality chief, abruptly left the company Tuesday, one day after its brands performed poorly in Consumer Reports magazine's annual reliability rankings. He was immediately replaced by Mark Chernoby, who will head quality for the global company, and Matthew Liddane, who will lead Chrysler Group quality in North...

  • TRW beats 3Q profit forecasts Tuesday, 28 Oct 2014 | 8:24 AM ET

    LIVONIA, Mich. _ TRW Automotive Holdings Corp. on Tuesday reported third-quarter profit of $189 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share. Analysts expected $4.2 billion, according to Zacks.

  • 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.

  • 2 Michigan businesses receive $500,000 in grants Thursday, 23 Oct 2014 | 4:04 AM ET

    LANSING, Mich.— The Michigan Economic Development Corporation is awarding $500,000 in grants to two business expansion projects that are expected to add up to 200 jobs in southeast Michigan. The MEDC announced the strategic fund grants Wednesday for Lippert Components Manufacturing in Sterling Heights and Oakland Stamping in Detroit.

  • 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...

  • 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.