BEIJING, March 11- China will launch pilot programmes testing the development of privately-owned banks in Tianjin, Shanghai, Zhejiang and Guangdong, the country's bank regulator Shang Fulin said on Tuesday.» Read More
Toronto, March 3- Magna International Inc, one of the world's largest auto parts suppliers, said on Monday that quarterly profit jumped 31 percent, driven by a pickup in North America and Europe, and hiked its dividend.
March 3- Canada's Magna International Inc, one of the world's largest auto parts suppliers, posted a 31 percent jump in quarterly profit due to a pickup in vehicle production in North America and Europe, and the company raised its dividend.
March 3- Senior Plc, a maker of aircraft parts and auto components, said it expects higher demand in 2014, as big customers Airbus Group NV and Boeing Co look to ramp-up production. Airbus, earlier known as EADS, said last month that it intends to increase production of its jetliners- in stride with arch-rival Boeing's plans.
March 3- Canada's Magna International Inc, one of the world's largest auto parts suppliers, posted a 31 percent jump in quarterly profit and raised its dividend. Magna said net income attributable to the company rose to $458 million, or $2.03 per share, in the fourth quarter ended Dec. 31 from $351 million, or $1.49 per share, a year earlier.
Feb 25- Visteon Corp, the auto parts maker, posted a stronger-than-expected quarterly profit on Tuesday and reaffirmed its forecasts for 2014, sending its shares up in morning trading. Net income surged to $513 million, or $10.32 a share, in the fourth quarter, compared with $39 million, or 74 cents a share, in the year earlier period.
Feb 25- Visteon Corp, the auto parts maker, on Tuesday posted a stronger-than-expected quarterly profit and reaffirmed its 2014 financial projections. Net income surged to $513 million, or $10.32 a share, in the fourth quarter, compared with $39 million, or 74 cents a share, in the year earlier period.
*New plants possible in Delaware and Michigan. BEIJING Feb 24- U.S.-based Fisker Automotive, which has been acquired by China's largest auto parts company, plans to restart production of its Karma plug-in hybrid luxury car "within a year" and will also complete the half-finished development of a second model, according to a senior executive.
TORONTO, Feb 20- Panasonic Corp has been fined C $4.7 million for rigging bids to supply equipment for Toyota Motor Corp cars made in Canada, the country's Competition Bureau said on Thursday.
SHANGHAI/ BEIJING, Dec 5- China's monopolies regulator has been collecting evidence of possible anti-competitive behaviour in the country's auto parts market, it said on Wednesday.
WILMINGTON, Del, Feb 18- A unit of China's Wanxiang Group received U.S. bankruptcy court approval on Tuesday to buy the assets of Fisker Automotive, a defunct manufacturer of plug-in hybrid sports cars that was funded in part with a U.S. government loan.
Feb 14- Wanxiang Group, China's largest auto parts company, won a bankruptcy auction for the assets of Fisker Automotive, the defunct manufacturer of the Karma plug-in hybrid sports car, Fisker said on Friday.
Feb 14- Wanxiang Group, China's largest auto parts company, won a bankruptcy auction for the assets of Fisker Automotive, the defunct manufacturer of the Karma plug-in hybrid sports car, two sources who were briefed on the auction told Reuters. Wanxiang outbid an affiliate of Richard Li, a Hong Kong billionaire and Fisker investor, the people said on Friday.
DETROIT, Feb 14- Auto parts supplier TRW Automotive Holdings Corp on Friday posted a higher-than-expected quarterly profit and forecast strong sales for the year, helped by growth in North America and China.
WASHINGTON, Feb 13- Japan's Bridgestone Corp has agreed to plead guilty and to pay a $425 million criminal fine for its role in a conspiracy to fix prices on certain automotive parts, the U.S. Department of Justice said on Thursday.
SHENZHEN, China/ PARIS, Feb 11- Aston Martin's sweeping recall of its high-end sports cars last week raises larger questions about the risk to global automakers of sourcing key parts thousands of miles away in China without implementing adequate quality control measures.
NEW YORK, Feb 5- Jack Butler, a prominent bankruptcy attorney who played an instrumental role in American Airlines' merger with U.S. Airways Group, is leaving law firm Skadden Arps Slate Meagher& Flom to become an executive at Hilco Global, a financial services company with a broad range of operations.
Aston Martin is recalling most of its cars built since 2007 after discovering a Chinese supplier was using counterfeit plastic in a part.
DETROIT, Feb 5- Aston Martin expanded a recall on Wednesday to cover most of its sports cars built since late 2007 after discovering a Chinese sub-supplier was using counterfeit plastic material in a part supplied to the British luxury sports carmaker.
DETROIT, Feb 4- Delphi Automotive Plc on Tuesday reported a stronger-than-expected quarterly profit on strong demand in its powertrain business, but the auto parts maker offered a forecast for the current quarter below Wall Street's expectations.
DETROIT, Feb 4- Delphi Automotive Plc reported a stronger-than-expected quarterly profit on Tuesday as demand rose in Asia and North America, but the auto parts maker offered a forecast for the current quarter below Wall Street's expectations.