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  • ZF buying TRW Automotive for about $11.74B Monday, 15 Sep 2014 | 9:47 AM ET

    LIVONIA, Mich.— German automotive transmission maker ZF Friedrichshafen AG is buying Michigan- based TRW Automotive for $11.74 billion, a move that creates the world's second-largest auto supplier.

  • 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.

  • China fines Audi, Chrysler on monopoly charges Thursday, 11 Sep 2014 | 4:38 AM ET

    BEIJING— China on Thursday announced it will fine Audi $40.5 million and Chrysler $5.2 million in a sweeping anti-monopoly probe of the auto industry that has prompted complaints foreign businesses are being treated unfairly.

  • 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.

  • Making travel quick, safe for cars, bikes, walkers Wednesday, 10 Sep 2014 | 11:39 AM ET

    DETROIT— Cellphones that warn drivers when people are crossing in front of them. These life- or time-saving technologies are being shown off this week at the Intelligent Transport Systems World Congress in Detroit.

  • TRW to sell engine valve unit to Federal-Mogul Wednesday, 10 Sep 2014 | 10:26 AM ET

    NEW YORK— TRW Automotive is selling its engine valve business to Federal-Mogul Holdings Corp. for $385 million as the maker of airbags, steering wheels and emergency braking systems seeks to focus on its car safety products business. Federal-Mogul said the acquisition will help boost its powertrain business.

  • 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.

  • Sept 10- Auto parts maker TRW Automotive Holdings Corp said it would sell its engine valve business to Federal-Mogul Holdings Corp for $385 million.

  • Delphi also said Praxair Inc executive Mark Murphy would join the company in October, succeeding Clark as CFO. Delphi started out as a subsidiary of General Motors Co before being spun off in 1999, but continues to be closely associated with the Detroit automaker.

  • Sept 9- Auto parts maker Delphi Automotive Plc said Chief Executive Officer Rodney O'Neal would retire in March and that Chief Financial Officer Kevin Clark would succeed him. Delphi also said Praxair Inc executive Mark Murphy would join the company in October, succeeding Clark as CFO.

  • Delphi CEO O'Neal to retire next year Tuesday, 9 Sep 2014 | 9:48 AM ET

    DETROIT— Auto parts maker Delphi Automotive says CEO Rodney O'Neal will retire on March 1 of next year. The company says O'Neal will stay on as an adviser through 2015. Chief Financial Officer Kevin Clark will become chief operating officer Oct. 1 and succeed O'Neal as CEO next year.

  • Letting your car find a spot and park itself Tuesday, 9 Sep 2014 | 3:01 AM ET

    DETROIT— With a thumb swipe on a smartphone, your car one day will be able to drive into a parking deck, find an open spot and back into a space— all by itself. Technology being honed by French auto parts maker Valeo uses a dozen ultrasonic sound-wave sensors, 360- degree cameras and a laser scanner to safely park within a few centimeters of other vehicles.

  • FRANKFURT/ SHANGHAI, Aug 25- Three German car parts suppliers have been told by China they can no longer manage their Chinese units independently but need to form partnerships with local peers, the chief executive of auto parts maker ElringKlinger told a German newspaper.

  • NAGOYA, Japan/ TOKYO, Aug 24- When a Japanese carmaker issued a tender for shock absorbers a few years ago for a model it planned to sell in Indonesia, two suppliers came back with bids that were "so obviously coordinated," said an executive at the automaker.

  • Aug 22- American Securities LLC- backed auto parts maker Metaldyne Performance Group Inc filed with U.S. regulators for an initial public offering of its common shares. Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and Deutsche Bank Securities Inc are the lead underwriters for the offering, the company said.

  • Auto parts maker Metaldyne Performance files for IPO Friday, 22 Aug 2014 | 4:55 PM ET

    Aug 22- American Securities LLC- backed auto parts maker Metaldyne Performance Group Inc filed with U.S. regulators on Friday to raise up to $150 million in an initial public offering of common stock. Merrill Lynch, Pierce, Fenner& Smith, Goldman Sachs and Deutsche Bank Securities Inc are the lead underwriters for the offering.

  • FRANKFURT, Aug 21- For German car parts maker ZF Friedrichshafen its attempt to buy U.S. rival TRW will take the company to the front of the grid as the race to make cars ever more intelligent and connected splits the industry into those making commoditised components and system providers which put the driver in the back seat.

  • WASHINGTON, Aug 19- NGK Spark Plug Co has agreed to plead guilty and pay a $52.1 million criminal fine over its role in a conspiracy to fix prices and rig bids for spark plugs and other automotive parts, the U.S. Department of Justice said on Tuesday.

  • NEW YORK, Aug 19- Hitachi Metals Ltd, a producer of specialty steel and automotive parts, said on Tuesday it would acquire Waupaca Foundry Inc, the world's largest iron castings provider, from buyout firm KPS Capital Partners LP for $1.3 billion in cash. Hitachi Metals, which is listed in Tokyo, has a market capitalization of $7.3 billion.

  • Aug 18- Weak demand for alternative fuel vehicles and increasing competition in Europe are hurting Fuel Systems Solutions Inc at a time when its peers are riding a recovery in the U.S. auto industry.