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Auto Parts and Equipment

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  • Dec 9- AutoZone Inc, the second-largest U.S. auto parts retailer, reported a higher-than-expected quarterly profit, helped by lower gas prices and colder-than-usual weather that encouraged customers to ready their cars for a harsh winter. AutoZone's shares rose 3.3 percent in premarket trading. AutoZone said on Tuesday sales were also helped by low gas...

  • Dec 9- AutoZone Inc, the second largest U.S. auto parts retailer, reported a higher-than-expected quarterly profit, helped by lower gas prices and colder-than-usual weather that encouraged customers to ready their cars for a harsh winter. Net income rose to $238.3 million, or $7.27 per share, in the first quarter ended Nov. 22 from $218.1 million, or $6.29 per share,...

  • TOKYO, Dec 4- Toyota Motor Corp said on Thursday it would call back 190,000 more vehicles, mostly in Japan, to replace potentially defective air bags made by Takata Corp, the latest in a long line of recalls for the embattled auto parts supplier. The move follows an unusual deployment of a Takata- made air bag inflator in a 2003- model Toyota Will Cypha subcompact at a...

  • TOKYO, Dec 4- Toyota Motor Corp will recall 190,000 vehicles in Japan and China to replace potentially defective front passenger-side air bags made by Takata Corp, the latest in a long line of recalls for the embattled auto safety parts supplier. The recall followed an unusual deployment of a Takata- made air bag in Toyota's 2003- model Will Cypha at a scrapyard...

  • WASHINGTON/ DETROIT, Dec 3- Japanese auto parts supplier Takata Corp on Wednesday acknowledged that it still does not understand what is causing air bag explosions that have hurtled metal shards into vehicles even as it insisted that calls for a broader recall to remedy the problem were misguided. "Congressman, we don't identify the root cause yet," Hiroshi...

  • Honda to expand air bag recall nationally Wednesday, 3 Dec 2014 | 10:53 AM ET
    Rick Schostek, executive vice president of Honda North America, testifies on Capitol Hill in Washington, Thursday, Nov. 20, 2014, before the Senate Commerce Committee hearing about defective airbags made by Takata of Japan and installed in Hondas.

    Honda Motor on Wednesday said it will expand a recall of automobiles with Takata driver's side air bags to include all 50 states.

  • DETROIT, Dec 3- As early as 2003, Takata Corp ran an investigation into an air bag inflator that ruptured in a BMW vehicle, but concluded the problem was an anomaly, the company said on Tuesday, ahead of a second U.S. congressional hearing on dangerous air bags it supplied. Hiroshi Shimizu, Takata's chief quality officer, told a Senate committee hearing last month...

  • *Takata shares responsibility for driver safety- NHTSA. *NHTSA to consider next steps after Takata response. *Takata CEO leaves decision for expanded recall to automakers.

  • JOHANNESBURG, Dec 2- Some 250 jobs at a South African forging company could be cut after U.S. motor company Ford cancelled a components contract with SKF, just weeks after strikes hit car parts manufacturers, a union said on Tuesday. Auto makers producing in South Africa resumed activity in September after a four-week strike by 220,000 metal-workers that hurt...

  • WASHINGTON, Dec 1- Two executives, from Japan- based auto parts makers T.RAD Co Ltd and Mitsuba Corp, have agreed to plead guilty and serve U.S. prison terms for conspiring to fix the prices of auto parts, the Justice Department said on Monday. In one case, Kazumi Umahashi, a former general manager of Mitsuba, agreed to serve 13 months in a U.S. prison for conspiring to fix...

  • *Daihatsu joins list of car makers in Takata recalls. TOKYO, Nov 27- Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, in a sign that a safety crisis around the Japanese auto parts maker is far from contained. Toyota's action follows a recall by rival Honda Motor Co for the same...

  • Toyota to recall more cars for dangerous Takata air bags Thursday, 27 Nov 2014 | 12:18 AM ET

    TOKYO, Nov 27- Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, in a sign that the safety crisis surrounding the Japanese auto parts maker is far from contained. Toyota's action follows a recall by rival Honda Motor Co for the same problem two weeks ago after revelations of a...

  • Delphi's Korean JV partner complicates unit sale -sources Wednesday, 26 Nov 2014 | 10:35 AM ET

    Delphi's Thermal Systems business has caught the eye of France's Valeo, Germany's Mahle and Japan's Denso and a sale could fetch more than $700 million. Delphi and South Korean companies Erae and Daewoo jointly hold a company called Kdac, which had sales of $1.2 billion in 2013, a quarter of which it generated in its heating, ventilation, and air conditioning...

  • SEOUL, Nov 24- U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp to a local private equity firm for $3.6 billion, Korean media reports said. The Korea Economic Daily said on Monday Visteon plans to sign a final deal to sell its 69.99 percent stake in Halla Visteon...

  • FRANKFURT, Nov 22- SGL Group, the materials supplier for carbon fibre reinforced parts in BMW's electric cars, is in talks with several other carmakers to supply carbon fibre for a wider range of automotive components, its chief executive said. He added the mooted new supply contracts were not as big as the BMW venture. Uncertainty remains over the success of BMW "i"...

  • WASHINGTON, Nov 20- Two U.S. senators plan to introduce legislation on Thursday to encourage employees in the auto industry to report information on faulty parts to federal authorities, a spokeswoman for one of the lawmakers said. The bill, sponsored by Republican John Thune and Democrat Bill Nelson, "is intended to incentivize whistleblowers from the...

  • *Takata, auto execs to testify at U.S. hearings Thursday. *BMW to shift Takata air bag output to Germany from Mexico. WASHINGTON/ TOKYO, Nov 20- Takata Corp faces a long battle to gauge the fallout from a fast-moving air bag crisis as recalls mount up, adding to the costs for the loss-making Japanese auto parts maker.

  • 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...

  • 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...