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  • Michigan approves 9 projects to add 3,900 jobs Tuesday, 22 Jul 2014 | 2:13 PM ET

    LANSING, Mich.— Michigan on Tuesday approved state incentives for nine economic development projects expected to bring about 3,900 jobs, nearly half from General Motors consolidating engineering jobs from outside the state at a site in Michigan.

  • BERLIN, July 19- German car parts supplier ZF Friedrichshafen believes buying U.S peer TRW Automotive Holdings Corp would give it a better foothold in the market for self-driving and connected cars, its finance chief told a German paper.

  • July 18- U.S. auto parts maker Johnson Controls Inc reported a 3 percent rise in quarterly revenue, as demand rose for its car seats, and the company said it expected its cooling and heating systems business to return to growth in the current quarter.

  • Johnson Controls revenue rises 3 pct on China demand Friday, 18 Jul 2014 | 7:23 AM ET

    July 18- Johnson Controls Inc, the largest U.S. auto parts maker, reported a 3 percent rise in quarterly revenue, as revenue from its car seats and interior parts business rose 7 percent. Demand in the business was driven mainly by China, which contributed $1.8 billion to the division's revenue of $5.7 billion in the third quarter ended June 30.

  • July 17- The chief executive of Delphi Automotive, the auto supplier that supplied the defective switch to General Motors Co that has been linked to at least 13 deaths, said on Thursday that the automaker was responsible for approving the faulty part design.

  • FRANKFURT/ BERLIN, July 11- German car parts maker ZF Friedrichshafen's takeover offer for rival TRW looks unlikely to draw rival bids for the U.S. company but could trigger further deals down the line, bankers and analysts said on Friday.

  • *Lumber Liquidators tumbles after revised outlook. NEW YORK, July 10- U.S. stocks dropped on Thursday as concerns about the financial health of Portugal's top listed bank gave investors a reason to cash in recent gains.

  • July 10- Germany's ZF Friedrichshafen said it was in early-stage buyout talks with U.S. auto parts supplier TRW Automotive Holdings Corp.. The companies did not disclose any financial details of the deal, but a Bloomberg report said ZF valued TRW at $11 billion to $12 billion.

  • Bloomberg, citing people familiar with the matter, reported earlier that TRW was in early-stage sale talks with German auto parts supplier ZF Friedrichshafen AG. ZF Friedrichshafen values TRW at $11 billion to $12 billion, although no specific price has been discussed, the Bloomberg report said.

  • TRW Automotive confirms getting takeover offer Thursday, 10 Jul 2014 | 12:58 PM ET

    July 10- Auto parts supplier TRW Automotive Holdings Corp said it had received a preliminary takeover proposal and was in the process of evaluating the offer. Bloomberg reported earlier that TRW had received a takeover approach from German auto supplier ZF Friedrichshafen AG, citing a person familiar with the matter.

  • July 10- U.S. auto parts supplier TRW Automotive Holdings Corp is in early-stage sale talks with Germany's ZF Friedrichshafen AG, Bloomberg reported, citing people familiar with the matter. ZF Friedrichshafen values TRW at about $11 billion to $12 billion, although no specific price has been discussed, a person familiar with the matter told Bloomberg.

  • "Until now, we just couldn't take the plunge," said Takashi Nanki, director and general manager at Shima Seiki Mfg Ltd, whose knitting machines make sweaters and knitwear for the likes of Gucci, Prada and Benetton. As a result, corporate Japan sits on a cash pile of some 232 trillion yen, according to Bank of Japan data.

  • DETROIT, June 30- Takata Corp, the Japanese auto parts maker, said potentially defective air bag inflators, that could explode with too much force, were also shipped to Japanese automakers Subaru and Mitsubishi Motors Corp.

  • FRANKFURT, June 27- Daimler AG and Nissan Motor Co are jointly investing $1.36 billion to develop premium small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the Mercedes-Benz and Infiniti brands.

  • NEW YORK, June 26- Graeme Hart, whose packaging conglomerate made him New Zealand's richest man, is in the early stage of exploring options for his U.S. auto parts businesses, which he acquired for nearly $2 billion in 2011, according to people familiar with the matter.

  • Alcoa to buy jet engine component maker for $2.85B Thursday, 26 Jun 2014 | 10:31 AM ET
    Aluminum rods displaying the Alcoa Inc. logo

    Alcoa announced it plans to acquire jet engine component maker Firth Rixson from Oak Hill Capital Partners for $2.85 billion in cash and stock.

  • *Takata CEO says still examining recall costs- shareholder. TOKYO, June 26- Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year- its second in three years- as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.

  • TOKYO, June 26- Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year- its second in three years- as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.

  • Massive air bag recall could drive Takata into the red Wednesday, 25 Jun 2014 | 5:00 PM ET

    TOKYO, June 26- Japanese auto parts maker Takata Corp could face a $500 million charge and a net loss this year- its second in three years- as a widening recall of air bag inflators begins to kindle worries despite its deep pockets.

  • American Securities has had advanced discussions with investment banks about merging Metaldyne LLC, HHI Group Holdings LLC and Grede Holdings LLC, and has drawn up plans for a subsequent initial public offering, the people said this week.