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  • In Bogota, Colombia, a company that makes plastic water valves is hoping an expansion into the United States will super-charge its exports. In Brazil, firms that make ceramic tiles predict they'll beat last year's robust sales abroad, thanks to a strong U.S. dollar that gives them a price advantage in the United States. The prospect of tighter commercial ties...

  • WASHINGTON, March 31- German-based auto parts company Robert Bosch GmbH agreed to plead guilty to fixing the prices of spark plugs and other auto parts, the U.S. Justice Department said on Tuesday. Robert Bosch is accused of rigging bids for spark plugs, oxygen sensors and starter motors sold to Ford Motor Co, General Motors Co, and others between 2000 and 2011, the...

  • WASHINGTON, March 31- German-based auto parts company Robert Bosch GmbH agreed to plead guilty to fixing the prices of spark plugs and other auto parts, the Justice Department said on Tuesday. The company agreed to pay a criminal fine of $57.8 million. The company's settlement is the most recent in a long list of auto parts makers- 34 total- who have pleaded guilty or...

  • PARIS, March 31- French car parts maker Faurecia announced a joint-venture deal with Dongfeng, the Chinese state-controlled automotive group, in a move designed to increase its presence in the world's biggest autos market. Faurecia, majority-owned by PSA Peugeot Citroen, said on Tuesday the venture would target sales of 2 billion euros to Dongfeng and its...

  • TORONTO, March 30- The head of the Bank of Canada said a slump in oil prices is having an "atrocious" effect on the Canadian economy but a cheaper currency and incipient U.S. revival should help exports drive a recovery, the Financial Times reported on Monday. Governor Stephen Poloz said in an interview with the newspaper that the central bank still had many options...

  • PARIS, March 27- French auto parts maker Valeo plans to draw on drone software and other military technologies from partner Safran to offer self-driving vehicle platforms to carmakers by the end of the decade. While demonstrating an autonomous car and other prototype systems jointly developed with Safran, the French defence and aerospace group, Valeo said on...

  • Modular mojo: Toyota re-engineers its appeal Thursday, 26 Mar 2015 | 12:44 AM ET

    TOYOTA CITY, Japan, March 26- Toyota Motor is looking to cast off a reputation for making reliable, but often dull, cars in a wide-ranging review of its designs, technologies, factories and supply deals- a full makeover aimed at staying on top in a cut-throat industry. For decades, the Japanese automaker carved out global leadership by using common parts across many...

  • TOKYO/ MEXICO CITY, March 22- Toyota Motor is finalising plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month, according to three people with knowledge of the matter. Toyoda last year asked planners scouting for a site in Mexico to hit' pause' and review the rationale for the project, executives familiar...

  • WASHINGTON, Feb 26- A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a U.S. Senate panel on Thursday. The vote by 13 Republican and Democratic members of the Senate Commerce, Science and Transportation Committee sends the legislation, which would allow whistleblowers to share in...

  • WASHINGTON, Feb 26- A measure that would offer financial incentives for auto industry employees to expose safety defects won unanimous backing from a U.S. Senate panel on Thursday. The vote by 13 Republican and Democratic members of the Senate Commerce, Science and Transportation Committee sends legislation to the floor of the Senate that would allow...

  • Auto parts maker Visteon's revenue rises 21 pct Thursday, 26 Feb 2015 | 7:44 AM ET

    Feb 26- Auto parts maker Visteon Corp reported a nearly 21 percent rise in quarterly revenue as higher vehicle production in Asia and Europe boosted sales of its air conditioners. Visteon reported a net loss attributable to the company of $138 million, or $3.12 per share, compared with a profit of $513 million, or $10.32 per share. Visteon's fourth-quarter profit...

  • Feb 25- Auto parts maker Magna International Inc reported stronger than expected quarterly earnings on Wednesday while announcing a higher dividend and a stock split, sparking a rally in its shares. Canaccord Genuity analyst David Tyerman said both Magna's sales and margins came in ahead of his forecasts. Magna cut its 2015 forecast for total production...

  • Feb 25- Canadian auto parts maker Magna International Inc cut its revenue forecast for 2015, hurt by weak demand from Europe. Demand for cars picked up in Europe last year after a six-year slump, boosted by incentive schemes from governments and carmakers. It lowered its forecast for production sales in Europe to $8.3 billion- $8.7 billion from $9.0 billion- $9.4...

  • Canadian auto parts maker Magna's profit rises 11 pct Wednesday, 25 Feb 2015 | 5:21 AM ET

    Feb 25- Canadian auto parts maker Magna International Inc reported a 11 percent rise in quarterly profit, helped by strong demand in North America. Magna said its dividend would rise to 44 cents per share from 38 cents after the stock split. The net income attributable to the company rose to $509 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $458...

  • DETROIT, Feb 22- Chinese auto parts maker Wanxiang Group will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan said Sunday. Wanxiang, which acquired the assets of California- based Fisker Automotive a year ago in a U.S. bankruptcy auction, had hoped...

  • WASHINGTON/ DETROIT, Feb 20- U.S. regulators on Friday slapped Takata Corp with a $14,000 per-day fine for failing to fully cooperate with a probe of its faulty air bags and revealed that a fraction of the 17 million cars recalled because of the problems have been repaired. "As you are well aware, NHTSA has repeatedly engaged Takata and asked for the company's...

  • Road salt: The winter's $2.3 billion game changer Wednesday, 18 Feb 2015 | 1:49 PM ET
    A garbage truck which slid off a road in Gorham, Maine.

    The economics surrounding a certain commodity can be a game changer for city officials in the snow belt. And it's sitting on your dinner table.

  • SAN FRANCISCO, Feb 15- Japanese carmaker Honda Motor Co Ltd plans to slow production at some of its plants in North America due to a parts shortage caused by a partial shutdown of ports along the West Coast. The company expects shortages at its operations in Ohio, Indiana and Ontario, Canada, starting Monday and for each plant to adjust its production between Feb. 16...

  • FRANKFURT, Feb 14- Technology giant Apple is learning how to make a self-driving electric car and is talking to experts at carmakers and automotive suppliers, an automotive source familiar with the talks said on Saturday. The Cupertino, California- based maker of phones, computers and watches is exploring how to make an entire vehicle, not just designing...

  • Feb 12- Honda Motor CEO Takanobu Ito, under fire for how he is dismantling the traditional way the Japanese car maker sources parts and technologies, has resisted moves for his ouster and will fight on for another two-year term, according to four people with direct knowledge of the matter. Ito took over in 2009, and for the past three years has shaken up Honda's...